- Notcoin (NOT) has dropped 25% in the last 30 days, but a potential bullish reversal is on the horizon.
- Despite recent market volatility, Notcoin has broken out from a Falling Wedge pattern, suggesting a possible 261% rally.
- Currently priced at $0.006411, Notcoin shows signs of recovery amid broader market challenges.
Notcoin (NOT) is poised for a significant price surge despite enduring a turbulent period driven by a widespread market sell-off. The digital asset recently faced heightened volatility after Bitcoin’s decline triggered widespread fear across the cryptocurrency market.
This downturn weighed heavily on NOT’s momentum, causing it to hit a recent high of $0.01039 before succumbing to the downward pressure. As a result, the coin plummeted to its recent low of $0.005592, marking a 25% drop over the past 30 days.
At the time of writing, Notcoin is priced at $0.006411. The cryptocurrency is currently seeing a 24-hour trading volume of $104.37 million, with a market capitalization of $656.97 million and a market dominance of 0.02%. However, the coin has experienced a slight decrease of 1.68% in the last 24 hours, reflecting the ongoing challenges within the broader market.
Notcoin’s Bullish Momentum Could Lead to 261% Rally
Despite the recent downturn, Notcoin draws the attention of market observers who believe it is on the verge of a bullish reversal. Crypto expert Javon Marks has shared an optimistic outlook for the asset, citing a potential for significant gains. According to Marks, the NOT price has recently broken out from a crucial technical pattern known as the Falling Wedge, a bullish formation that often signals an imminent price surge.
Marks suggests that Notcoin is in a consolidation phase, which could lead to a powerful upward movement. If this reversal materializes, NOT could see a rally of over 261%, reaching a target price of $0.0236243. Such a surge would represent a massive recovery, offering substantial upside potential for investors who hold through the current market turbulence.
With the market still reeling from Bitcoin’s recent struggles, Notcoin’s ability to hold its ground and show signs of recovery could be a positive indicator for the altcoin’s future trajectory. Investors and traders will be closely monitoring its next moves, especially in light of the technical breakout and the possible bullish momentum on the horizon.
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