Notcoin Price Prediction: NOT Could Rise To $0.018 As It Breaks Above Bullish Flag Pattern

The Telegram-based Notcoin token has been making waves since it was introduced to the crypto market a few months ago. Following the market decline, it staged one of the strongest recoveries, rising over 50% in a single day.

The Telegram-based Notcoin token has seen a remarkable journey since its entry into the crypto market a few months ago. After staging one of the strongest recoveries from the market decline, surging over 50% in a single day, the altcoin has now seen a price decline.

Given its bullish tendencies throughout the year, expectations around the altcoin are that it will continue to rise, leading one crypto analyst to share his prediction for how far the Notcoin price could go from here.

Notcoin Price Could Rise To $0.018

In an analysis posted on Tradingview, a crypto analyst who goes by “The57Trader” has proposed a bullish scenario for Notcoin. In this case, the altcoin is expected to continue to rise, with a price surge toward its current all-time high levels.

The crypto analyst points out that the Notcoin price has actually formed a bullish flag pattern, which forms the basis for this prediction. However, like with all bullish formations, there are levels that the altcoin must hold in order for it to confirm the rally.

In this case, that level is the $0.016 area, and it serves as a support for the Notcoin price through market fluctuations. Now, if the altcoin is able to hold this level, then the price could continue to fly, with targets at $0.01731 and $0.01846.

However, on the chance that the Notcoin price is unable to hold this level, then the price decline is expected to continue. The target in this case is place at $0.01478, which is around a 15% decline from the support level of $0.016.

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Notcoin Price Analysis: Bearish Trend Continues Despite Bitcoin Recovery

The Deribit exchange has announced the addition of Notcoin perpetual contracts to its platform. The contracts will be available for trading on Monday, March 21, and will be quoted in USDT.

Perpetual contracts are a type of derivative that allows traders to speculate on the future price of an asset without having to own the asset itself. This makes them a popular tool for both experienced and novice traders alike.

The addition of Notcoin perpetual contracts to Deribit is a significant development for the altcoin. It will provide traders with a new and convenient way to trade Notcoin, and is likely to increase the liquidity of the market.

Notcoin has seen a stellar rise in 2023, surging over 2,500% from its year-to-date low. The altcoin has outperformed both Bitcoin and Ethereum this year, and is currently ranked among the top 200 cryptocurrencies by market cap.

The altcoin’s Telegram community has played a significant role in its price appreciation. Members of the community have banded together to organize pumps and other initiatives to drive up the price of Notcoin.

However, it is important to note that Telegram pumps and other forms of price manipulation are often short-lived and can lead to drastic price crashes. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.🎜

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