Notcoin’s NOT is again a top crypto gainer today after a 20% pump. The price is currently trading around $0.0076.
Popular crypto trader “World Of Charts” shared a detailed technical analysis that’s gaining traction in the crypto community. The analysis highlights a falling wedge pattern on the NOT price chart, where the price has been consolidating within converging trendlines. This technical formation typically appears during periods of decreasing selling pressure.
The chart shows a crucial support level around $0.0072, which has been helping to prevent further price drops. On the upside, traders are watching the resistance level near $0.0078, which could be a key breakout point if breached.
According to the analysis, if NOT manages to break above the current resistance level, it could target the $0.0125 region. This would represent a significant move from current levels, though traders should note that such projections are speculative in nature.
The recent price action suggests an accumulation phase, with the token consolidating within the wedge pattern. This period of consolidation could be setting the stage for the next major price movement, as markets often experience increased volatility following such patterns.
Read also: LINK Price Breaks 4-Month High as Chainlink’s On-Chain Metrics Explode
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
