Notcoin Faces a 60% Surge: Can It Break the Falling Wedge
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- Notcoin’s bullish falling wedge indicates a 60% rally if the critical $0.0076 level is breached.
- 79% whale control and low BTC correlation could potentially enhance Notcoin’s upward breakout potential.
Notcoin [NOT]
is currently forming a falling wedge pattern, which is a bullish reversal structure often characterized by converging downtrend lines. According to
crypto analyst Ali, NOT could experience a 60% price increase if it breaks above the $0.0076 resistance level.
The wedge has been developing since early July, indicating that the ongoing downtrend may be approaching its end.
If a breakout occurs above the upper trendline, subsequent resistance targets can be identified using Fibonacci retracement levels.
The key levels to monitor are: 0.236 at $0.0231667, 0.382 at $0.01619219, 0.5 at $0.01347901, 0.618 at $0.01122045, and 0.786 at $0.00864199.
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