- Notcoin price has factored in a notable surge of 7.09% in the last 24 hours.
- The altcoin’s daily trading volume shows a notable 140.74% surge as per CMC data.
The cryptocurrency market has been attempting to break free from bearish holds over the past day. With Bitcoin trading at the $94K level, the altcoins are fueling modest gains in their price actions. Meanwhile, the weekend slumber has cast its spell, leaving the community in silence. However, the following week might see interesting events as Trump’s swearing-in approaches.
Notably, within the altcoin sector, one particular player has shown significant surges in the past day. Notcoin has factored in a 7.09% price increase following a long week of bearish movements. In the afternoon hours of January 10, NOT was trading at a low of $0.0059 before sparking bullish candles.
Following this, it has surged to surpass the $0.006 resistance yet again and is currently trading at $0.0064 levels. The past few hours’ strides have resulted in the Notcoin price overpowering earlier bearish movements. At the time of writing, NOT was trading at $0.006426 as per CMC data.
Zooming out, onto its weekly chart, NOT has recorded a 5.43% price dip. At the week’s beginning, the cryptocurrency was trading at a high of $0.006876 after which it fell to the $0.005 level. However, if Notcoin sustains current positive momentum then it can be expected to reach higher levels.
Will Notcoin Price Stage a Bull Run?
When analyzing the altcoin’s price action over the past few days, it traces a horizontal channel pattern. This pattern indicates that the cryptocurrency’s resistance and support levels are in consolidation. A horizontal channel is usually followed by either a price breakout or a decline.
Secondly, on analyzing its technical indicators – the Moving Average Convergence Divergence (MACD) signal line stands above the MACD line. This indicates a positive trading environment as per TradingView data. Additionally, its RSI stands at 45.84 inching closer to a neutral market sentiment.
These aspects along with its trading pattern suggest that Notcoin might show bullish trends in the coming days. Other altcoins such as Ethereum and SUI have also shown price increases in the past day.
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