Notcoin

Rally

The post <a href="https://coinpedia.org/price-analysis/will-notcoin-bounce-back-for-a-60-breakout-rally-next-week/">Will Notcoin Bounce Back For A 60% Breakout Rally Next Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a declining trend in the daily chart, the Notcoin price trend reveals a continuing lower high formation. Leading to a resistance trendline, keeping the bullish growth under check, as the correction spree in NOT price breaks under the 50D EMA.&nbsp; 
However, the sudden overnight jump in the crypto market teases a potential bounce in Notcoin. Will a bullish reversal in the NOT price result in a breakout rally to hit the $0.031 mark? 
<h2 class="wp-block-heading" id="h-notcoin-price-performance">Notcoin Price Performance</h2> 
With a market cap of $1.442 billion, the NOT price trades at $0.01605 with an intraday rise or 4.56%. The bullish reversal teases a rounding bottom to challenge the overhead resistance trend line.&nbsp; 
<figure class="wp-block-image">
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<a href="https://www.tradingview.com/x/JaAyC6kc/">Tradingview</a> 
Furthermore, the NOT price teases an inverted shoulder pattern, with the resistance trendline acting as the neckline.&nbsp; 
With a shift in the underlying sentiments the breakout chances for the Notcoin is rising. Further, the intraday bullish engulfing candle undermines the downfall a day before. 
Technical indicators:&nbsp; 
RSI: The daily RSI line under the 50% level teases a reversal. Meanwhile, the sideways trend during the downfall bolsters Notcoin’s upside chances.&nbsp; 
MACD: The MACD and signal lines move sideways in the daily chart with increasing positive crossover chances. Hence, the momentum indicators bolster the bull run chances for the NOT price.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
<h2 class="wp-block-heading" id="h-will-not-price-hit-0-030">Will NOT Price Hit $0.030?</h2> 
Despite the quick fall, the lateral shift in the NOT price trend teases rounding bottom reversal. Further, the inverted head and shoulder pattern will determine the upcoming rally in Notcoin.&nbsp; 
A breakout run can pump the altcoin price higher to the $0.031 mark by the end of August. Optimistically, the uptrend can continue to reach $0.045 or the 1.618 Fib level.&nbsp;

Will Notcoin Bounce Back For A 60% Breakout Rally Next Week?

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