Notcoin (NOT) Decisive Breakout Signals Buy Opportunity: Toncoin (TON) Resumes Push Toward New All-Time High
Notcoin (NOT) has broken out of a descending channel pattern that had confined its price movement since early June. This technical breakout could potentially pave the way for a significant price surge
Over the past two weeks, Notcoin traded within the boundaries of a descending channel, a bearish continuation pattern characterized by lower highs and lower lows. However, recent price action saw NOT breach the upper trendline of this pattern, signaling a potential reversal of the prevailing downtrend.
Potential 45% Upside Target
A breakout from a descending channel often leads to a price objective equal to the channel’s height, projected from the breakout point. For Notcoin, this translates to a potential upside target of around $0.02, representing a 45% increase from current levels.
Toncoin (TON) Breaks Out After Consolidation
Toncoin (TON) price analysis reveals that the price has broken out from a period of consolidation, reigniting speculation about a potential push toward new all-time highs.
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Over the past 10 days, TON’s price traded within a relatively tight range, a period known as accumulation or consolidation between $6.7 and $7.5. This sideways price action often precedes a significant move.
Recent price action saw Toncoin surpass the $7.54 resistance level, which had previously capped its upward momentum. A convincing close above this level could be interpreted as a bullish signal, potentially setting the stage for a continuation of the uptrend.
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Show more +With the breakout, market participants will monitor Toncoin’s price action for clues about its next move. The current all-time high for TON stands at $7.8, a level that could be tested if the breakout gains traction.
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