Notcoin (NOT) Gears Up for Major Rally: Is a 60% Upswing Imminent?

Notcoin (NOT) Poised for a Major Upswing After Recent Pullback: What’s Next?

Notcoin (NOT) has been making waves in the crypto market with its astonishing price surge. Despite facing a 25% pullback after a meteoric rise of nearly 3500%, market participants are left wondering about the next price action. However, the current trade setup suggests that NOT is accumulating strength and may be gearing up for a healthy upswing in the coming days.

Since its inception, NOT has experienced a parabolic move, achieving impressive highs. The token recently underwent a period of descending consolidation, flashing massive bullish signals. This retracement has formed a bullish pennant, and with the levels reaching the apex of the consolidation, an extended bullish trend appears to be on the horizon.

While NOT’s price has been confined within a range in the long term, the short-term trade setup indicates a significant potential for a bullish breakout. The price is currently consolidating within a bullish pennant, and one last pullback is expected to trigger a substantial upswing following a breakout from the edge of the accumulation. Additionally, the RSI remains around the average range, and the MACD is on the verge of entering the positive range with a bullish crossover.

In summary, despite interim bearish pressures, Notcoin’s price continues to stay within a bullish range. The trading volume has also been experiencing a squeeze, indicating the probability of a substantial influx of volume in the coming days. This could propel NOT’s price into a fresh upswing, initially targeting $0.03 and potentially hitting an all-time high of $0.035 before the end of June 2024.

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