Altcoins
Here’s why Notcoin (NOT) is the altcoin to buy for a 50% price increase!
With the cryptocurrency market witnessing a bullish reversal overnight, the altcoin segment offers bullish entry opportunities. Among the rising altcoins, NOT price prediction anticipates a new breakout rally for a future bullish rally.
However, the intraday decline warns of a bullish failure if the overall trend momentum drops. Will the Notcoin price rally continue with a breakout run to surpass the psychological milestone of $0.050?
Notcoin ready for the turnaround rush?
With a market cap of $1.645 billion, Notcoin (NOT) price is trading at $0.01605 with an intraday decline of 7.27%. The intraday decline comes after a 14.44% overnight jump to challenge the above trend line on an engulfing candle.
With a bullish cycle from the psychological support of $0.010, Notcoin is challenging the supply above for a breakout run. Despite 70% in nine days, NOT price has struggled to overcome the supply pressure at the descending trend line.
Thus, the lower high trend continues and Notcoin warns of a reversal rally towards the psychological buffer at $0.010. However, a broader market recovery could result in a breakout rally in NOT price crossing above the trend line.
Technical indicators:
RSI: The daily RSI line breaks above the intermediate line, reflecting an increase in underlying demand.
MACD:The merging of the MACD and signal lines causes a bullish crossover and an increase in the positive histograms.
Therefore, momentum indicators are strengthening the bulls and teasing the continuation of the uptrend in the price of Notcoin (NOT).
Price will NOT reach $0.050?
Despite a sideways trend change, NOT price teases an inverted head and shoulders pattern with a neckline at $0.017. However, the recent rejection from the trend line warns of a bullish failure in Notcoin.
A breakout run can push the altcoin price to $0.031 by the end of July. Optimistically, the uptrend can continue to reach $0.045 or the 1.618 Fib level.