The post Will Notcoin Bounce Back For A 60% Breakout Rally Next Week? appeared first on Coinpedia Fintech News
With a declining trend in the daily chart, the Notcoin price trend reveals a continuing lower high formation. Leading to a resistance trendline, keeping the bullish growth under check, as the correction spree in NOT price breaks under the 50D EMA.Â
However, the sudden overnight jump in the crypto market teases a potential bounce in Notcoin. Will a bullish reversal in the NOT price result in a breakout rally to hit the $0.031 mark?
Notcoin Price Performance
With a market cap of $1.442 billion, the NOT price trades at $0.01605 with an intraday rise or 4.56%. The bullish reversal teases a rounding bottom to challenge the overhead resistance trend line.Â
Furthermore, the NOT price teases an inverted shoulder pattern, with the resistance trendline acting as the neckline.Â
With a shift in the underlying sentiments the breakout chances for the Notcoin is rising. Further, the intraday bullish engulfing candle undermines the downfall a day before.
Technical indicators:Â
RSI: The daily RSI line under the 50% level teases a reversal. Meanwhile, the sideways trend during the downfall bolsters Notcoin’s upside chances.Â
MACD: The MACD and signal lines move sideways in the daily chart with increasing positive crossover chances. Hence, the momentum indicators bolster the bull run chances for the NOT price.          Â
Will NOT Price Hit $0.030?
Despite the quick fall, the lateral shift in the NOT price trend teases rounding bottom reversal. Further, the inverted head and shoulder pattern will determine the upcoming rally in Notcoin.Â
A breakout run can pump the altcoin price higher to the $0.031 mark by the end of August. Optimistically, the uptrend can continue to reach $0.045 or the 1.618 Fib level.Â
