Notcoin (NOT) Price Could See a 12.50% Rally, Expert Cites Key Breakout

The recent analysis of Notcoin (NOT), shared by crypto analyst Ali Charts, suggests a potential rally of 12.50%. This rally is due to a bullish breakout

A recent analysis of Notcoin (NOT) by crypto analyst Ali Charts suggests a potential rally of 12.50%. This rally is due to a bullish breakout from a falling wedge pattern on the hourly chart.

As prices move inside two downward-sloping trend lines, the falling wedge pattern, a widely recognized bullish chart formation occurs. In this case, the price of NOT has been declining within this wedge pattern since late September, forming lower highs and lower lows. A breakout from this formation could signal the end of the bearish trend, with the price shifting toward upward momentum.

#Notcoin $NOT appears to be breaking out of a falling wedge on the hourly chart, which suggests a 12.50% upswing! pic.twitter.com/sShIEYlPJq

According to Ali's analysis, we can expect a 12.50% upswing from the breakout point, which occurred around $0.008813 on October 1st. This puts our target price at approximately $0.009914.

When a bullish breakout like this occurs, one technique to estimate potential gains is to measure the height of the wedge. In this case, the falling wedge on the hourly chart spans around 12.50%. Should the breakout be sustained, it might signal bullish momentum and lead to more price increases.

Moreover, if the price holds above the wedge’s upper trend line, this bullish pattern could see more traders entering the market, potentially driving the price higher.

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Another chart analysis of Notcoin comes from X user @Manofbitcoin, who highlights the price reaching an ideal target for reversal. They also added a 61.8% Fibonacci retracement level to the chart.

$NOT (request): The price has reached the ideal target for reversal.

We can give this chart a bit more space.

I added the 61.8% Fib retracement level.

A break below the 61.8% Fib level would indicate that this chart has failed to form 5 waves up from the lows.

A diagonal pattern… pic.twitter.com/nSFJImjWjf

Both analysts are presenting different perspectives on the chart, but the overall analysis seems to be leaning toward a potential bullish breakout for Notcoin. While Ali predicts a 12.50% upswing and highlights the height of the falling wedge, @Manofbitcoin adds depth to the analysis with Fibonacci retracement levels and notes the possibility of a diagonal pattern.

With these analyses in mind, traders can keep a close eye on Notcoin's price movements and key support and resistance levels to assess the strength of the breakout and make informed trading decisions.

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