Notcoin (NOT) Gears Up For Major Rally – Is $0.12 Still Within Reach?

Semilore Faleti

7 months ago

2 mins read

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Notcoin (NOT) has recently been in an impressive price form rising by 19.71% in the past day to reach a local peak of $0.0085. While the momentum on the Telegram-based cryptocurrency has cooled in the last few hours, popular crypto analyst Ali Martinez anticipates further price gains as shown by a recent bullish prediction.

Notcoin Preparing For Liftoff: Analyst

In an X post on November 23, Martinez gave a reassuring bullish prediction on Notcoin following the token’s sideways movement after breaking out of a falling wedge two weeks ago. Traditionally, the falling wedge is a bullish pattern characterized by two downward trend lines converging as the price moves lower.

When a descending wedge is observed after a downtrend, it signals a potential reversal to an uptrend but if this chart pattern forms during an uptrend, it indicates merely a pause before the price rise continues.

Notcoin gained by over 380% following its launch in May, but soon slipped in a bearish market that stretched over the following five months. On November 9, Martinez stated the altcoin had broken out of a falling wedge pattern setting up a potential 76% price gain.

However, Notcoin has remained in a range-bound market over the past two weeks oscillating between $0.0070 – $0.0084.

Commenting on this development, Ali Martinez remains confident of his bullish prediction stating that the altcoin is only gathering the necessary momentum and liquidity to launch a price upswing. The analyst’s price target remains $0.12 which will represent the token’s highest price level since August if attained.

Major Resistance Awaits NOT Bullish Rally

Amidst possibilities of a major price surge, investors should note that Notcoin will face a resistance zone at $0.010 which proved previously effective with a price rejection in October. However, Martinez’s positive projection remains highly possible considering the current robust bullish sentiments in the Notcoin market and general crypto community.

The digital asset market has been on the green side following the election of pro-crypto candidate Donald Trump as US President. With the anticipation of a crypto-friendly administration, investors are likely to retain buying pressure in major cryptocurrencies including Notcoin.

Moreover, Notcoin continues to secure strategic partnerships that can increase its adoption levels. These include its recent Telegram Gaming Accelerator launched in collaboration with Helika Gaming. At the time of writing, NOT trades at $0.0081 reflecting gains of 4.36% and 5.66% in the past seven and thirty days respectively. In addition, altcoin’s daily trading volume is up by 138.51% and valued at $362.69 million.

Featured image from Happycoin.club, chart from Tradingview

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

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Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

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In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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