Notcoin trades near $0.0023 with a 5.98% daily gain and 12.65% weekly rise.
Price action forms a symmetrical triangle, approaching upper resistance on both 4H and 1D charts.
Breakout above resistance may lead to long entries after a retest, as traders monitor momentum.
Notcoin (NOT) is trading at $0.0023 as of writing, after a steady rally, posting a 5.98% daily gain and 12.65% increase over the past week. The asset is nearing a critical resistance within a symmetrical triangle, attracting trader attention for a potential breakout.
Symmetrical Triangle on 4H Chart Signals Potential Breakout
Alpha Crypto Signal reported on X that $NOT is trading within a symmetrical triangle on the 4H chart, currently pumping toward the trendline resistance. The post indicated that a confirmed breakout above this resistance could prompt long entries after a retest.
Symmetrical triangle indicates convergence which means narrowing volatility, because the trendlines are converging. This is an indication of an impending directional move. Price behavior within the triangle has been marked by alternating higher lows and lower highs, consistent with market indecision before resolution.
Daily Chart Shows Sustained Compression Since Late May
On the 1D chart, $NOT/USDT has maintained the symmetrical triangle structure since late May. Key pivot points, labeled A through D, demonstrate adherence to both trendlines. The price is now pressing toward the upper resistance zone with bullish short-term momentum.
Volume has been rather stable though a little higher on rising days showing that buying interest is advancing gradually. The technical readings indicate that the 9 EMA is at 0.002241 slightly higher than the 50 SMA at 0.002244 implying a balanced sentiment that is inclining towards the upside.
Breakout Zone Retest Could Offer Entry Opportunities
Traders are watching for a clean breakout above the resistance line, preferably supported by strong volume. A successful move beyond this level could lead to an expansion phase, with prior swing highs as potential targets.
As long as a breakout is not confirmed, the symmetrical triangle stays neutral with tight price action The current upward pressure suggests increasing momentum, keeping Notcoin firmly on traders’ watchlists as the pattern approaches resolution.
