The altcoin market has recorded a strong bullish recovery this week with the Ethereum price successfully reclaiming the $3,000 mark for the first time since August. Following this, the Toncoin ecosystem has experienced a similar trend by adding massive value to its category.
With the ongoing market sentiments, is the Telegram ecosystem on the verge of a major breakthrough? In this article, we have covered the market sentiments and possible short-term price analysis of Toncoin (TON) and Notcoin (NOT) crypto tokens.
The Toncoin price has continued displaying a bullish price action by adding 5.42% in the past 24 hours. Moreover, with a YTD return of +123.86%, this altcoin has secured the 11th position with a market capitalization of $13.692 billion.
The technical indicators RSI and SMA have recorded a bullish curve in the 1D time frame. This indicates that the TON price may continue gaining value during the upcoming week.
Maintaining the price above the support level of $5.155 could set the stage for the Toncoin price to head toward its upper resistance level of $6.415. On the flip side, a bearish reversal could pull the price toward its lower support level of $4 this month.
Also, read Toncoin (TON) Price Prediction!
The Notcoin price has added 17.88% to its value in the past 24 hours with a trading volume of $241.73 million. Further, it has surged 14.71% over the past week. This has resulted in it reclaiming the $0.0075 mark.
The MACD indicator has recorded a rising green histogram with its averages hinting at a potential bullish convergence. On the other hand, the 50-day EMA is on the verge of experiencing a positive crossover. This suggests a bullish outlook for the altcoin.
If the market continues favoring the bulls, the Notcoin price will retest its important resistance level of $0.009253. On the contrary, if the bears outrun the bulls, the NOT price may retest its crucial support trendline of $0.004554.
Also, read Notcoin (NOT) Price Prediction!
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