Notcoin (NOT) Price Prediction: Will NOT Price Hit $0.030 Mark?

With a declining trend in the daily chart, the Notcoin price trend reveals a continuing lower high formation. Leading to a resistance trendline

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The Notcoin price trend showcases a lower high formation in the daily chart, with a declining trend. Resistance trendline restricts bullish growth as the correction in NOT price falls below the 50D EMA.

However, a sudden overnight surge in the crypto market hints at a possible bounce in Notcoin. Will bullish reversal in NOT price lead to a breakout rally towards the $0.031 mark?

Notcoin Price Performance

The NOT price trades at $0.01605 with an intraday rise of 4.56%, and a market cap of $1.442 billion. The bullish reversal seems to be forming a rounding bottom to test the overhead resistance trend line.

Tradingview

Moreover, the NOT price teases an inverted shoulder pattern, with the resistance trendline acting as the neckline.

A shift in the underlying sentiments is increasing the chances of breakout for Notcoin. Additionally, the intraday bullish engulfing candle negates the fall a day prior.

Technical indicators

RSI: The daily RSI line below the 50% level hints at a reversal. However, the sideways trend during the fall enhances Notcoin’s upside potential.

MACD: The MACD and signal lines in the daily chart are moving sideways with rising chances of a positive crossover. Thus, the momentum indicators support the bull run for NOT price.

Will NOT Price Hit $0.030?

Despite the rapid fall, the sideways movement in the NOT price trend suggests a rounding bottom reversal. Moreover, the inverted head and shoulder pattern will dictate the upcoming rally in Notcoin.

A breakout run can propel the altcoin price higher to hit the $0.031 mark by the month-end. In a bullish scenario, the uptrend can continue to reach $0.045 or the 1.618 Fib level.

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