The cryptocurrency market is showing signs of recovery, with Bitcoin surpassing $57,000 and altcoins gearing up for a strong rebound. Notcoin, a popular altcoin, has secured crucial resistance levels, and a daily close above these levels is expected to push its price towards higher targets in the coming days.
Can Notcoin’s price rally reach $0.02 this week?
Market sentiments have shifted significantly and are likely to remain volatile in the near future. With bulls regaining control, the price of Notcoin is expected to experience a 25% upswing towards higher targets. Despite a 30% drop since the beginning of the month, the recent strong rebound indicates a potential rise above $0.02 in the near future.
Despite facing strong bearish pressure after reaching highs near $0.03, Notcoin has recently broken out of a descending triangle pattern. The price has retested the support-turned-resistance zone and is showing signs of a bullish price action, supported by a bullish MACD and rising OBV.
The current target for Notcoin is to surpass the 0.618 FIB level at $0.01677 to validate a fresh bullish upswing towards higher targets, potentially reaching above $0.02. The bullish momentum is expected to continue as the bulls reclaim control of the market.
