Notcoin

Long

<p class="is-style-lead">Notcoin astonished investors with a remarkable 65% surge last week. The impressive gain raises questions about its future price movements. This article analyzes its potential price trajectories for the upcoming week.</p> 
<div class="wp-block-rank-math-toc-block" id="rank-math-toc">
 <h2 id="table-of-contents">Table of Contents</h2>
 <nav>
  <ul>
   <li><a href="#limited-historical-data" rel="">Limited historical data</a></li>
   <li><a href="#fibonacci-retracements-and-key-levels" rel="">Fibonacci retracements and key levels</a></li>
   <li><a href="#harmonic-patterns-and-price-targets" rel="">Harmonic patterns and price targets</a></li>
   <li><a href="#strategy" rel="">Strategy</a></li>
  </ul>
 </nav>
</div> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14284550"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/NOT1.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/NOT1.png" alt="Chart of the week: Notcoin’s explosive 65% growth and future price predictions - 24"> 
 </picture> 
</figure> 
<h2 class="wp-block-heading" id="limited-historical-data">Limited historical data</h2> 
<p>Notcoin started trading on May 16, making it a relatively new entry in the crypto market. Limited historical data makes precise predictions challenging, but several key indicators provide valuable insights into potential price behavior.</p> 
<h2 class="wp-block-heading" id="fibonacci-retracements-and-key-levels">Fibonacci retracements and key levels</h2> 
<p>From the high on June 2 to the low on July 5, the 38.2% Fibonacci retracement aligns with the 61.8% retracement from the June 15 high to the July 5 low, both at $0.00169708. </p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14284551"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/NOT3.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/NOT3.png" alt="Chart of the week: Notcoin’s explosive 65% growth and future price predictions - 25"> 
 </picture> 
 <figcaption class="wp-element-caption">
  June 2-July 5 Fibonacci Retracement
 </figcaption>
</figure> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14284552"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/NOT2.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/NOT2.png" alt="Chart of the week: Notcoin’s explosive 65% growth and future price predictions - 26"> 
 </picture> 
 <figcaption class="wp-element-caption">
  June 15-July 5 Fibonacci Retracement
 </figcaption>
</figure> 
<p>Additionally, the 50% retracement from the May 23 low to the June 2 high aligns with these levels. </p> 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14284553"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/NOT4.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/NOT4.png" alt="Chart of the week: Notcoin’s explosive 65% growth and future price predictions - 27"> 
 </picture> 
 <figcaption class="wp-element-caption">
  May 23 – June 2 Fibonacci Retracement
 </figcaption>
</figure> 
<p>The confluence suggests a strong resistance level at around $0.00169, which has also acted as support multiple times. Breaking through this resistance could propel Notcoin to around $0.019.</p> 
<h2 class="wp-block-heading" id="harmonic-patterns-and-price-targets">Harmonic patterns and price targets</h2> 
<p>An emerging alt bat harmonic pattern suggests a potential rise to the 0.0169-0.017 area, where significant resistance may be encountered. After testing this level, Notcoin could experience a downturn, potentially falling to its strong support level at $0.0091543.</p> 
<figure class="wp-block-image size-full is-resized">
 <picture loading="lazy" decoding="async" class="wp-image-14284556" style="width: 100%;height:auto"> 
  <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/NOT6.png.webp"> 
  <img loading="lazy" decoding="async" width="2166" height="1452" src="https://crypto.news/app/uploads/2024/07/NOT6.png" alt="Chart of the week: Notcoin’s explosive 65% growth and future price predictions - 28"> 
 </picture> 
</figure> 
<h2 class="wp-block-heading" id="strategy">Strategy</h2> 
<ul> 
 <li>Long positions until the $0.0169 resistance level.</li> 
 <li>If Notcoin tests this resistance and fails to break through, confirmed by a candle close, short positions to the $0.00915-$0.01 support range.</li> 
</ul> 
<div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex"> 
 <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:100%"> 
  <div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained"> 
   <div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex"> 
    <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:100%"> 
     <p> Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. </p> 
    </div> 
   </div> 
  </div> 
 </div> 
</div>

Chart of the week: Notcoin’s explosive 65% growth and future price predictions

Table of Contents

crypto.news

Другие статьи, опубликованные 12 июл. 2024 г.

US Inflation Report Influences Bitcoin Market Sentiment

TON Surges 983% in Key Whale Metric as Market Faces Uncertainty

IREN tumbles after short seller calls miner ‘Prius at the Grand Prix’

Bitcoin Traders Succumb to “Extreme Fear”

Bitcoin's Path to $100,000: Analyzing Key Factors in a Cooling Inflation Environment

German Government Continues to Sell Bitcoin! How Many Bitcoins Were Sent to Three Major Exchanges...

Join our free newsletter for daily crypto updates!