Analyst reveals NOT Fills Gap, Targets 0.0068 POC with Mid-Term Bullish Outlook

Renowned cryptocurrency analyst Zen has shared his comprehensive analysis of the NOT coin, a relatively new but increasingly popular cryptocurrency. In a recent X post, the analyst highlighted that NOT coin has successfully filled the gap left by its post-launch sell-off. This gap has now become the primary resistance area for the coin.

According to Zen, should the NOT coin close above this critical resistance zone, it will likely target the 0.0068 point of control (POC). This POC represents a significant milestone for the coin, indicating a potential upward trajectory that could attract more investors and bolster market confidence.

Conversely, Zen warns that if NOT coin fails to break through this resistance level, a pullback to the breakout level below 0.006 is probable. This pullback would be a crucial moment for the coin, testing the resilience of its support levels and potentially providing a buying opportunity for investors looking to capitalize on lower entry points.

The analyst describes his outlook for the NOT coin as mid-term bullish, suggesting that the coin has favorable prospects in the coming months. Furthermore, Zen posits that the long-term trajectory of NOT coin would largely depend on the broader market conditions. However, he remains optimistic, indicating that the long-term outlook would likely be bullish if the market environment remains supportive.

An interesting aspect of Zen’s post is his personal investment strategy concerning NOT coin. He openly states he is not actively trading NOT but is holding what he stacked at Binance Launchpad. This admission underscores Zen’s confidence in the coin’s potential despite his decision not to engage in active trading. His strategy appears to be one of long-term holding, reflecting a belief in the enduring value of NOT coin.

As of press time, Notcoin (NOT) has surged to $0.7152, marking a substantial 43% increase in the last 24 hours. This impressive rise is part of a broader upward trend, with NOT experiencing a 27.18 price increase over the past week. Accompanying this price spike, Notcoin’s 24-hour trading volume has reached $430,082,855, indicating robust market activity and heightened investor interest.

As the cryptocurrency market evolves, the insights of experienced analysts like Zen are invaluable. His latest analysis of NOT coin serves as a timely reminder of the importance of understanding market dynamics and making well-informed investment choices.