NOT price is trading at 0.00227 with a short-term resistance seen at 0.002462.
Bullish momentum could be achieved by a breakout of the descending trendline.
It is estimated that a 100-150 percent rally is forward-looking toward the achievement of 0.003300 in case resistance is defused.
Notcoin (NOT) is exhibiting a core technical shift in its wake after breaking out of its extended downtrend. The token is valued at $0.00227, a 6.8% decline over the last 24 hours. Although in decline in recent times, the chart indicates that NOT may be preparing for a strong bullish upsurge between 100% to 150%.
The existing trading formation indicates a possible breakout above a long-term declining trendline, which may indicate strong bullish momentum should it hold. Market players are closely observing its near-term levels for assurance.
https://twitter.com/clifton_ideas/status/1946435843616375064 Price Levels Show Clear Support and Resistance Zones
The most recent figures indicate that the support of NOT is currently at the level of 0.002202, which offers a crucial support to the ongoing price trends. On the other hand, the resistance is at $0.002462, and this is a vital level that any attempt to break out in the near term.
It is important to note that the chart suggests that the descending trendline that previously limited upside over the past several months has already been tested and broken.This breakout pattern often suggests increasing buying interest, although the price has yet to reclaim higher levels firmly. Short-term fluctuations remain likely as traders react to these technical markers.
Market Performance and Recent Volatility
During the past 24 hours, NOT recorded a notable decline of 6.8%, showing short-term selling pressure. In Bitcoin terms, NOT is trading at 0.071920 BTC, reflecting a 6.3% shift.The trading range is currently narrowing which is frequently followed by larger moves in price. This chart shows that sudden rallies have occurred after similar consolidation periods in history. This observation has brought attention to the possibility of accelerated gains once the price secures a firm close above the resistance line.
Technical Indicators Point to Potential Rally
The present price action suggests NOT can be poised for a lengthy bullish sprint if momentum gathers. The breakout projection sees the asset in a possible run towards the $0.003300 level, which is the upper target of the pointed green zone on the chart. Nevertheless, sustaining the breakout above $0.002462 is critical to validating the scenario. Traders are closely watching these levels as the market progresses.
