Notcoin (NOT) is ready for a big surge - can it still reach 0.12 USD?

The price of Notcoin (NOT) has performed well recently, pumping 19.71% in the past day to reach a local high of $0.0085. Despite the momentum of Telegram-based Cryptocurrency weakening in the past few hours, popular Cryptocurrency analyst Ali Martinez expects the price to pump further, as recent bullish predictions have shown.

In the post on November 23rd, Martinez made a reassuring bullish prediction for Notcoin, as the token started sideways consolidation after breaking out of the falling wedge two weeks ago. Traditionally, a falling wedge is a bullish pattern characterized by the convergence of two downward trend lines as the price declines.

When a falling wedge is observed after a downtrend, it indicates that a rise trend may reverse. However, if this chart pattern forms during a rise trend, it simply indicates a pause before the price continues to pump.

After the launch in May, Notcoin pumped more than 380%, but quickly fell in the Bear Market in the following five months. On November 9th, Martinez stated that the altcoin has broken the falling wedge pattern and is expected to pump 76%. However, over the past two weeks, Notcoin has been fluctuating in the range of $0.0070 to $0.0084.

In response to this development, Ali Martinez remains confident in his bullish prediction, pointing out that AltCoin is accumulating the necessary momentum and liquidity to drive the price pump. The analyst's target price is still $0.12, which would be the highest price level for Token since August.

In the possibility of a significant pump in the price, investors should note that Notcoin will face a resistance zone of 0.010 US dollars, which was proven to be effective in the price decline in October. However, considering the strong bullish sentiment in the Notcoin market and the entire encryption community, Martinez's positive forecast is still likely to materialize.

After the election of Donald Trump as the President of the United States, the digital asset market has been in a pump trend. With expectations of a cryptocurrency-friendly government, investors may continue to buy major cryptocurrencies, including Notcoin.

In addition, Notcoin continues to establish strategic partnerships to improve its adoption. This includes the recent Telegram Gaming Accelerator launched in partnership with Helika Gaming. At the time of writing, the NOT trading price was $0.0081, which has pumped 4.36% and 5.66% in the past seven and thirty days, respectively. In addition, the daily volume of Alts has risen by 138.51%, worth $362.69 million.


(Data Source: Semilore Faleti)