The cryptocurrency market is trying to recover from a bearish trend, with Bitcoin currently priced at around $94,000. Altcoins are also experiencing slight gains, although the market has been quiet over the weekend. Upcoming events, particularly Trump’s swearing-in, may influence market activity next week.
Notcoin has emerged as a standout performer, experiencing a 7.09% price increase after a week of declines. On January 10, Notcoin (NOT) was trading at $0.0059 but quickly gained momentum, surpassing the $0.006 resistance level and currently trading at approximately $0.0064. As of the latest data, NOT is priced at $0.006426.
Looking at the weekly performance, Notcoin has seen a 5.43% dip. It started the week at $0.006876 but dropped to around $0.005. If Notcoin maintains its current upward trend, it could reach higher prices.
The price action of Notcoin shows a horizontal channel pattern, indicating consolidation of support and resistance levels. This pattern often leads to either a breakout or a decline.
Technical analysis reveals that the Moving Average Convergence Divergence (MACD) signal line is above the MACD line, suggesting a favorable trading environment. The Relative Strength Index (RSI) is at 45.84, approaching neutral market sentiment.
These indicators, along with the trading pattern, imply that Notcoin may experience bullish trends soon. Other altcoins, including Ethereum and SUI, have also shown price increases recently. Overall, the market is cautiously optimistic about potential gains in the coming days.
