The post Notcoin tops the charts, eyes 25% gains this week appeared on BitcoinEthereumNews.com.

As of press time, Notcoin had surged over 9% in the last 24 hours. NOT breaks out of one-month range as long percentage for top traders rise. Notcoin [NOT] launched on the TON blockchain, is finally bringing optimism back to the ecosystem after a period of struggles following uncertainty surrounding Pavel Durov. Despite TON’s challenges, Notcoin is now showing signs of resurgence. As of press time, Notcoin ranks third behind SEI and SUI in 24-hour gains, with over 9% growth among the top 100 cryptocurrencies on CoinMarketCap. Its trading volume has surged by 67%, raising hopes that this positive momentum could continue, potentially driving a revival of the TON blockchain, led by Notcoin’s rise. Source: CoinMarketCap Notcoin breaks out of falling wedge Analyzing the price action of  NOT/USDT pair, shows clear signs of bullish momentum. On the 4-hour timeframe, Notcoin recently broke out of a falling wedge pattern, where it had been consolidating for the entire month of August. This breakout positioned Notcoin among the top gainers. The current price action has now broken out of the triangle pattern and is struggling to stay above the 200 exponential moving average (EMA). If the price remains above this crucial level, it signals a stronger potential for higher gains. Analysts suggest that Notcoin could see a ROI of over 25% by the end of the week, as the chart signals an urgent need for the price to remain above the breaker level. Source: TradingView Furthermore, earlier in the month, a breakout from a consolidation phase led to 30% gains for short traders, so a similar upward breakout is highly likely. The MACD (Moving Average Convergence Divergence) indicator also supports this bullish outlook, as the histogram shows strong momentum, and the MACD line has crossed above the signal line, indicating a continued upward trend.…

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Filed under: News - @ September 26, 2024 4:11 am