The cryptocurrency market is known for its volatility and rapid changes in sentiment. However, even in chaos, charts sometimes form classic technical patterns that can signal future significant movements. Such a situation is currently observed with Notcoin: analysts have recorded the formation of a long-term double bottom near its historical low.
Double Bottom: Classic Market Reversal Model
The double bottom is one of the oldest and most reliable technical figures, also known as the 'W-pattern.' It forms after a prolonged phase of decline when the price tests critical support twice but does not break it. This indicates that sellers are losing strength, and buyers are gradually beginning to take the initiative.
In the case of Notcoin, the second test of support occurred near the historical low, which enhances the significance of the signal. If confirmation is received through a breakout of key resistance levels, the market may enter a long-term upward trend.
Additional confirmations: RSI and MACD
Classic indicators also show signs of a potential reversal:
RSI (Relative Strength Index) shows bullish divergence: while the price updated its low, the indicator formed a higher low. This signals a weakening of selling pressure.
MACD (Moving Average Convergence Divergence) is also forming positive divergence, which often precedes a change in momentum. The indicator lines are approaching a crossover, hinting at a possible start of a new upward wave.
What does this mean for investors?
The technical picture indicates: the bearish trend of Notcoin may be exhausting. If the price confirms a reversal by breaking local resistances and establishing above key levels, the market will receive a strong signal for growth.
At the same time, it is worth remembering that even the strongest patterns may not materialize in the event of an unfavorable news background or a general downturn in the crypto market. Therefore, risk management and a staged entry remain key strategies.
---
📌 Conclusion: The formation of a double bottom at the historical low combined with bullish divergences on RSI and MACD creates a strong technical signal. Notcoin may be preparing for a change in its multi-month trend — and analysts are closely watching the next price moves.
