- NOT has surged by 24.55% over the past week.
- Notcoin breaks out of a falling wedge indicating a potential 76% upswing.
After years of navigating through the crypto market, I can confidently say that I’ve seen my fair share of bull and bear markets. However, the recent surge of Notcoin (NOT) has caught my attention like never before.
For about a month now, there’s been a significant surge in the value of Notcoin [NOT]. It peaked at $0.0092, but then took a steep downturn and dipped to $0.0055.
However, since then, NOT has seen nearly a week of a strong upward movement.
Currently, Notcoin is being exchanged for approximately $0.007473. This represents a significant increase of 13.98% over the last 24 hours. Interestingly, it has also seen growth on both the weekly and monthly charts, with an increase of 24.55% in the last week and a modest gain of 2.0% over the past month.
With prices on the rise, there’s been a significant increase in trading activity. The trading volume has shot up by an impressive 297.52%, reaching a total of approximately $522.11 million.
Based on the recent market trends and circumstances, various financial experts are expressing their views. Among them is well-known crypto analyst Ali Martinez, who proposes a possible 76% surge in price.
Market sentiment
According to Martinez’s assessment, it appears that NOT has managed to escape the confines of its descending wedge formation. This breakout might pave the way for an impressive 76% surge in value, potentially pushing the altcoin up to $0.012 for the first time since August.
As a crypto investor, I’ve noticed we seem to be on the brink of a significant change in our market direction. The falling wedge pattern we’ve been observing is often a sign of a bullish reversal, suggesting that our downward trend might soon turn into an upward one. In other words, it looks like the bearish phase could be giving way to a more optimistic and potentially profitable bull run.
This action suggests that demand is stronger than supply, implying potential increases in the price ahead.
As an analyst, I can confirm that my initial observations were strengthened by the subsequent rise in trading volume. This increase suggests a heightened level of buyer interest and a robust upward trend, indicating a strong market momentum.
The continued surge of Notcoin is supported by its Advance Decline Ratio (ADR) staying above 1 for the last six consecutive days, indicating a predominantly positive trend.
Thus, buyers were in control, and market sentiment was overall optimistic.
Furthermore, it appears that there’s been a significant increase in large transactions on Notcoin, amounting to an impressive 833.3% rise over the last seven days. This indicates a high level of activity among big investors and “whales”, suggesting they may be actively accumulating the currency.
Thus, the current rally is driven in parts by large holders who are actively accumulating.
In the last seven days, there has been a significant increase in the number of daily active addresses for Notcoin. It started at approximately 12,840 and peaked at 28,970.
The rally seems to be fueled not just by big investors but also robust underlying values, and it’s not solely based on speculative bets.
Read Notcoin’s [NOT] Price Prediction 2024–2025
What’s next for NOT?
It appears that Notcoin is currently showing a significant increase in value. Following its escape from the falling wedge pattern and favorable market opinions, these circumstances may pave the way for even more growth in this altcoin.
As such, if these conditions are maintained, NOT will hit $0.0092 in the short term.
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2024-11-10 16:07