As a seasoned analyst with over two decades of experience in the cryptocurrency market, I’ve seen my fair share of market fluctuations and trends. Today, I find myself intrigued by Notcoin (NOT), which has shown remarkable growth today, surging by 9.35%.
Most of the coins keep setting new local peaks, according to CoinStats.
NOT/USD
Notcoin (NOT) has gained a lot of value today, rocketing by 9.35%.
On the hourly chart, the current movement of NOT falls within the boundaries of its local trend channel. With nearly all the daily Average True Range (ATR) having been surpassed, it’s improbable that significant price swings, whether upward or downward, will occur in the immediate future.
On the daily time frame, one should pay attention to the bar closure.
Should it occur close to its maximum point, there’s a possibility that the price increase could extend towards the resistance level of $0.01273 in the coming week.
On the larger graph, there’s no clear control by either buyers or sellers. The trading volume has decreased, indicating a continued consolidation between the prices of $0.011 and $0.012. This pattern might persist until the end of the month unless some significant event occurs to change the trend.
NOT is trading at $0.01176 at press time.
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2024-08-24 20:18