Notcoin (NOT), a telegram-based cryptocurrency, has displayed a notable technical formation on its TradingView chart, according to crypto analyst ZAYK. A rising trend was evident in late May, culminating in a descending channel that characterized early June.
This channel was demarcated with black trend lines, marking the resistance and support levels, indicative of a bearish outlook. However, a recent surge past the channel’s upper boundary suggests a potential bullish shift in market sentiment.
The cryptocurrency Notcoin (NOT) witnessed a modest increase in its market value, rising by 2.30% over the past 24 hours. As of the latest updates, Notcoin is priced at $0.01838, reflecting a slight but notable upturn in its market trajectory.
Notcoin, Injective, Polymesh Signal Potential Bullish Rallies: AnalysisAccording to recent market data, Notcoin’s market capitalization has grown to approximately $1.89 billion, positioning it at number 51 in the global cryptocurrency rankings. In the past 24 hours, Notcoin trading volume has dropped significantly by over 52%, totaling nearly $599 million.
ZAYK forecasts a substantial upturn, targeting a high of 0.031552 USDT. According to the analyst’s predictions shared on X post, this anticipated 76.35% rise could spell a bullish wave of 60-70% if the breakout stabilizes. The bullish flag pattern, identified during the four-hour trading frame, plays a crucial role in this optimistic scenario.
The Bollinger Bands on the 4-hour chart show Notcoin experiencing significant volatility. As of the latest update, the upper band stands at approximately $0.018743, while the lower band rests at $0.015154.
This fluctuation suggests increased market activity, possibly driven by recent investor interest. The Relative Strength Index (RSI), currently at 54.76, indicates a neutral market momentum, neither overbought nor oversold.
