Altcoins
Notcoin and JasmyCoin Price Eye towards 20% Jump as Toncoin Strives to Form New ATH
The market dynamics continue to remain in favor of altcoins, as some of them such as Notcoin, JasmyCoin, and Toncoin have seen trends in the last few days. The trend suggests that these altcoins are expected to maintain steady growth as the volume of these tokens is increasing considerably.
Notcoin (NOT) price analysis.
Notcoin continues to trade under bullish influence as prices have risen with notable strength. The rally is forming consecutive higher highs and lows, suggesting that the bulls have maintained tremendous dominance. Therefore, it is believed that the NOT price will maintain a healthy recovery for the next few days as new liquidity is expected to flow into the platform soon.
Since the price triggered a bullish bounce from the local lows at $0.0046, it has been trading within a steep ascending trend within an ascending wedge. It appears that the volume has compressed to a large extent and therefore an explosion may be on the horizon. Furthermore, the OBV is increasing and has yet to reach the upper threshold, suggesting that there is still room for the bulls to make highs. Therefore, Notcoin (NOT) price is expected to find a new ATH around $0.034 before this weekend.
JasmyCoin (JASMY) Price Analysis.
JasmyCoin has made a parabolic recovery and is entering one of the crucial resistance zones between $0.037 and $0.040. It seems that the bulls have maintained a strong grip on the token, so the price is expected to consolidate within the range for a while. This could trigger a healthy price increase in the future, as technical data shows.
After breaking out of the bullish flag, JASMY price has shown immense strength as it heads to test the crucial resistance. The bulls have gained immense power, as the power of the BB suggests, while the RSI also supports the bullish narrative. Now that volume has gained momentum, a bullish continuation can be expected. Therefore, the JASMY coin is expected to remain along the resistance zone for a while, followed by a bullish breakout towards the ATH.
Toncoin (TON) price analysis.
Toncoin price is consolidating in a narrow range below the crucial resistance level at $6.6 for a while after a marginal increase. However, the price continues to struggle to reach the upper resistance zone, as the bears appear to have capitulated. Therefore, as the current trading setup suggests, TON price is expected to drop below the temporary support as the bulls do not possess the required strength.
TON price is trading near the final resistance zone, as a breakout above this zone will lead the rally to form a new ATH. However, market dynamics and technical data do not suggest this narrative, as the price is expected to enter the zone and face another pullback. The Stochastic RSI is about to reach the upper threshold and therefore may fall after a short consolidation. Secondly, selling pressure has increased, which may make it difficult for the price to reach a new all-time high in the near future.