Decoding the Possibility of Notcoin (NOT) Price Initiating a 100% Bull Run: Is It Going to Happen in June?
The post Decoding the Possibility of Notcoin (NOT) Price Initiating a 100% Bull Run: Is It Going to Happen in June? appeared first on Coinpedia Fintech News
Ever since its launch, Notcoin has gained immense attention with its monstrous moves, due to which the token has always been under deep observation. As a result, the token gained a significant amount of liquidity with only a minor price rise, as volume remained between $800 million and $1 billion during bearish times. Therefore, after withstanding enough turbulence, the NOT price seems to be prepared for a fresh bullish move, which may elevate the levels beyond the current highs.
Regardless of the ongoing correction, Notcoin was among the tokens that recorded huge search volumes, indicating the positive sentiments of the traders. Started as just a viral Telegram game, NOT price soon entered among the top traded tokens. Therefore, after experiencing excessive compression, the price is expected to explode in the coming days, which may elevate the levels beyond $0.02.
The above chart displays the rise & fall of the NOT price rally, which indicates the selling volume has drained off. The price maintains an ascending consolidation and appears to have fulfilled both the upside and downside waves. With this, the token is now getting ready for a fresh bullish wave, which may elevate the rally towards higher targets. Considering the MACD, the levels are close to undergoing a bullish crossover, which may lift the levels above the negative range.
This move may establish a new ascending trajectory only if the price manages to rise and sustain above the 100-day MA and later at the 50-day MA at $0.0164 and $0.0199, respectively. These levels are expected to offer a strong base for the Notcoin price rally to test the higher targets. However, the key resistance lies at $0.02 and if these levels are achieved, the next bullish push may propel the Notcoin (NOT) price close to $0.03 after breaking the final resistance at $0.025, the current ATH.
Also Read : Crypto Markets Collapsing Hard: Here’s Why Traders are Turning Bearish on Bitcoin
