Notcoin rises 14% in 24 hours, sets sight on $0.12: What’s next?

• NOT has surged by 14.05% over the previous day.
• An analyst eyed a brand new ATH of $0.12 after breaching the consolidation vary.

Over the previous month, Notcoin [NOT] has skilled sustained features on its worth charts. Throughout this era, the altcoin has seen robust upward momentum.

At press time, Notcoin was buying and selling at $0.008588. This marked a 14.05% rise on every day charts. Over the identical timer, buying and selling quantity has surged by 130.68% to $403.29 million.

Equally, the altcoin has surged by 14.79% on weekly charts and 13.03% on month-to-month charts.

Regardless of these large pumps, the altcoin stays 70.7% beneath its ATH. Nonetheless, the present market situations amidst large features have left analysts speaking over NOT’s trajectory.

Certainly one of them is Ali Martinez, who has predicted $0.12 as the following worth stage, citing a breakout from the falling wedge.

NOT’s market sentiment

In his evaluation, Martinez posited that, since breaking out of a falling wedge, NOT has been consolidating for the previous two weeks.

Supply: X

In keeping with him, this consolidation section has allowed the altcoin to construct a powerful momentum that may propel it for additional features on worth charts.

By means of elevated shopping for exercise and funds influx, the liquidity required for an uptrend is now in place. Due to this fact, primarily based on his premise, NOT will hit $0.12.

What NOT charts counsel

Whereas the evaluation offered above by Martinez provides a promising outlook, it’s important to counter-check different indicators and decide what they are saying.

For starters, AMBCrypto’s evaluation reveals that Notcoin’s patrons are in management and the altcoin is experiencing a powerful upward momentum.

Supply: Tradingview

We are able to see this because the MACD line is comfortably above its sign line and histogram. When MACD is about like this, it implies that an asset is seeing an upward worth strain, and the present pattern will proceed.

This momentum was additional evidenced by RVGI, which has made a bullish crossover within the final 24 hours.

Supply: Coinglass

Wanting additional, Notcoin’s Open Curiosity has surged by 20% to hit a 3-month excessive of $145.03. When Open Curiosity rises, it implies that traders are bullish and are actively opening new positions.

An increase in funds influx via new positions normally precedes a worth improve.

Supply: Santiment

Moreover, the Funding Fee aggregated by change has remained optimistic for the previous week. We are able to interpret this as a sign that these new positions are principally lengthy.

Most traders have been betting on costs to rise and have been even paying a price to carry their positions.

Learn Notcoin’s [NOT] Value Prediction 2024–2025

Notcoin is at the moment in a bullish wave and it’s having fun with optimistic sentiment. With bullish momentum frequently constructing, NOT may see extra features on worth charts.

Due to this fact, if these prevailing situations are maintained, NOT will hit $0.00992 within the quick time period. A breakout from right here will strengthen the altcoin to achieve $0.012.