Notcoin (NOT) Price Resumes Bullish Move: Analyst Predicts 120% Spike Post-Breakout

Notcoin is seeing some bullish moves today after being relatively silent for some time. The price has been increased by more than 10% in the last 24 hours. 

CryptoBull_360 noted this and also noted that Notcoin (NOT) is on the verge of a significant breakout after a prolonged period of consolidation. 

The analyst noted that bulls are currently testing the Point of Control (PoC) resistance zone on the daily timeframe. 

A strong bounce off the horizontal trendline resistance, in conjunction with the PoC, could catalyze the anticipated bullish rally, potentially leading to a 120% price increase.

Read Also: Kaspa Is the Bitcoin Alternative: Here’s Why KAS Price Could 10x This Cycle

The technical analysis shows a downtrend characterized by lower highs and lower lows. These are marked by two descending trend lines. 

However, a breakout from these trend lines suggests a potential reversal of the bearish trend. This ndicates that the bullish momentum is gaining strength.

The volume profile displayed on the left of the chart reveals areas of significant trading activity, with the PoC indicating where the highest volume has occurred. Currently, price action is testing this critical PoC resistance zone, which is essential for confirming a breakout.

Read Also: Crypto Analyst Insists Sei “Is Next Solana” Despite SEI Struggling Price Action

Additionally, a strong horizontal trendline that has acted as resistance in the past has recently been flipped into support. This shift signals a potential bullish reversal, and the alignment of the PoC resistance zone with this horizontal level underscores its importance. If the price successfully breaks through this zone, it could trigger a powerful upward movement.

Lastly, the chart features a green projection box, indicating a possible price target of approximately 120% should the breakout materialize. 

This target resonates with a major resistance area identified in earlier price movements, making it a plausible point for traders to consider profit-taking.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Visit eToro Now

Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Notcoin (NOT) Price Resumes Bullish Move: Analyst Predicts 120% Spike Post-Breakout appeared first on CaptainAltcoin.