Notcoin (NOT) price has surged by 26.24% over the past day, with trading volume increasing by 300.96%, indicating heightened trading activity.
Notcoin Chart Analysis
The Notcoin chart suggests an attempt to break from a prolonged downtrend. The breakout above the descending trendline indicates potential for a reversal towards bullish momentum. The recent high before the breakout is a key resistance level.
Support and Resistance Levels
A key support zone below current prices has historically acted as a base during price changes. The resistance levels, including the breakout point and last high, need to be cleared for a sustained uptrend.
Investor Strategy
Analyst Crypto with Khan highlights Notcoin's potential amid a broader rally in the TON ecosystem. He recommends gradual accumulation to mitigate risks of short-term corrections. This phased approach can protect investors from potential 10-20% drops.
Notcoin's price movements are closely tied to activity within the TON ecosystem, where changes can influence its value. Investors should assess risks and approach trading cautiously.
