Notcoin (NOT) Price Action Triggers a Strong Rebound, Testing the Pivotal Resistance

Once the price rises above the barrier, the NOT price is expected to rise by more than 50% as the rally is close to an explosion

Crypto Markets Swell, Triggering a Strong Rebound in Notcoin Price

As the crypto markets continue to surge, Notcoin price has shown a strong rebound, testing a pivotal resistance level. If the price manages to rise above this barrier, the NOT price could be set for a surge of over 50% as the rally nears an explosive phase.

Bitcoin price is rallying back to levels close to its ATH, aiming to set a new one shortly. In the meantime, a popular altcoin, Notcoin, has shown a strong surge, notably absent in its bullish price action. The NOT price has been showing immense strength as it rises from an interim support level, flashing strong bullish signals.

Notcoin has entered the top 100 as its price spiked by over 15% in the last 24 hours, while trading volume has surged by over 80%. However, the recent rebound from the support of a bullish pattern has brought the token to a key risk-to-reward setup. Now, as the price is at the cusp of a breakout, it will be interesting to see if the NOT price can shed a zero from its value.

After multiple failed attempts, the NOT price is once again trying to breach the upper resistance of the descending parallel channel. The price is attempting to break through the levels, which could happen any time now as the selling pressure has dissipated. Moreover, the Bollinger bands have started to squeeze, indicating that a massive price move might be approaching fast.

With this, a move to the upper Bollinger band at $0.008113 seems likely, but a sustained uptrend, holding these levels as support, could pave the way for a rise above $0.01.

As the markets have entered a bullish zone, the popular tokens are expected to showcase a fine ascending trend. Hence, the Notcoin price is bound to rise higher, aiming for the $0.01 mark if the token manages to close the weekly trade at or above $0.08. While the bears may try to put up a fight, the shifting market dynamics are likely to continue the uptrend.

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