Recently, I've been keeping an eye on a potential coin — **$NOT**! Its price is forming a 'descending triangle' on the daily chart, which is a classic signal in technical analysis: **the price keeps testing support levels but is pulled back each time**, resembling a 'charging' rhythm.
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### 📉 Current Status: Consolidating, but don’t rush to exit!
- Shape Interpretation: The current price of $NOT feels like it's being supported by an invisible line; it bounces back every time it falls near 0.0028, but the highs are slowly moving down. This 'converging triangle' usually means there will be some oscillation in the short term until both bulls and bears determine the outcome.
- Market Sentiment: Although the price hasn’t increased, community enthusiasm is off the charts! Tweets and Telegram are filled with cries of '0.0035 is not a dream', and even the official tweets from @thenotcoin hint that 'the story isn’t over yet'~
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### 🚀 Why are we optimistic about 0.0035?
1️⃣ Technical Support: The 'bottom edge' of the descending triangle is exactly at 0.0028, and if the trading volume suddenly increases, it is likely to break through the upper boundary towards 0.0035.
2️⃣ Strong Narrative: Notcoin's 'game + social + on-chain' model is very appealing, the user base is growing rapidly, and the higher the ecological activity, the easier it is for the price to be pushed up.
3️⃣ Historical Reference: Previously, similar shapes in coins like Solana and Sui have soared after consolidating for a few days, and $NOT might replicate that script this time!
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### ⚠️ My Practical Tips & Suggestions
- Position Strategy: I am currently in a 'lying flat + small increase' mode because I feel this consolidation is more like a 'washout' rather than a 'peak'.
- Timing Prediction: If it can stabilize above 0.0029 between the 24th and 30th, it is likely to break through to 0.0035+, but if it falls below 0.0027... then the risk needs to be reassessed.
- Pitfall Reminder: Don’t believe everything you hear! Focus on trading volume and on-chain data (like active address count, Gas fees), emotional + data validation is the way to go!
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### 📌 Summary
$NOT feels like a 'compressed spring' right now, both technical and community signals are indicating: **don’t rush to sell, wait for the breakthrough!** If you’re also monitoring this wave of market, feel free to leave a comment to share your thoughts~
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💬 Comments Section Interaction: Do you think $NOT can reach 0.0035 this time?
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