Notcoin (NOT) Rally Targets New ATH With $0.010 Breakout

The post Notcoin (NOT) Rally Targets New ATH With $0.010 Breakout appeared first on Coinpedia Fintech News

Ranking as the 100th biggest cryptocurrency, Notcoin has a market cap of $905 million. Over the past 24 hours, it has increased by 4.85% and is currently trading at $0.0088. 

With the recovery rally in action, Toncoin and its high-ranking performer, Notcoin, are likely to make a bullish comeback. Let’s find out more about the NOT price targets in the coming rally in Coinpedia’s latest price analysis.

Notcoin Price Performance

With a market cap of $905.97 million, the 24-hour trading volume of Notcoin stands at $938 million. This results in a volume-to-market cap ratio of 102.81%, reflecting massive liquidity in the market.

Tradingview

Currently, the NOT token is trading nearly 70% below its all-time high of $0.02896, revealing a massive room for growth if it regains the bullish momentum. 

In the daily chart, the Notcoin price action shows a falling-wedge breakout rally, gaining momentum. The pattern breakout rally has surpassed the 23.60% Fibonacci level at $0.0077 with a post-test reversal. 

The reversal rally peaked at the $0.010 psychological mark but failed to sustain the rally. Over the past 24 hours, the altcoin has increased by 30% to create two consecutive bullish candles. 

However, the intraday pullback of 6% reveals the massive overhead supply, followed by overnight rejection at the psychological mark. The bulls struggle to surpass the 38.20% Fibonacci level and the $0.0010 supply zone. 

Technical Indicators 

EMA: The NOT price has crossed the 50-day and 100-day EMA lines, raising the chance of a bullish crossover. 

MACD: The MACD and signal line showcase a quick rise with a surge of bullish histograms. Hence, the technical indicators maintain a positive viewpoint for Notcoin.

Notcoin Price Targets $0.0033 

Based on the Fibonacci level, the $0.10 breakout rally must sustain dominance above the 50% Fibonacci level at $0.001. This will increase the credibility of a bullish run ahead. 

The Fibonacci level sprained the upcoming price target at $0.016 and $0.0022. This breakout bull run to $0.0022 will increase the chances of a new all-time high for which the price target is set at $0.0033 or 1.272 Fibonacci level.

Curious to know if NOT token price will reach $1. Find out now in Coinpedia’s Notcoin price prediction.

FAQs What is Notcoin’s current price action?

Notcoin has increased by 4.85% in the past 24 hours and is currently trading at $0.0088.

What key resistance levels is Notcoin facing?

Notcoin faces resistance at the $0.010 psychological mark and the 38.20% Fibonacci level.

What is Notcoin’s volume-to-market cap ratio?

With a ratio of 102.81%, Notcoin exhibits high market liquidity, indicating significant trading activity.