Notcoin (NOT) has recently been in an impressive price form rising by 19.71% in the past day to reach a local peak of $0.0085. While the momentum on the Telegram-based cryptocurrency has cooled in the last few hours, popular crypto analyst Ali Martinez anticipates further price gains as shown by a recent bullish prediction.\n<\/p>\n
In an X post on November 23<\/a>, Martinez gave a reassuring bullish prediction on Notcoin following the token\u2019s sideways movement after breaking out of a falling wedge two weeks ago.\u00a0 Traditionally, the falling wedge is a bullish pattern characterized by two downward trend lines converging as the price moves lower.<\/p>\n When a descending wedge is observed after a downtrend, it signals a potential reversal to an uptrend but if this chart pattern forms during an uptrend, it indicates merely a pause before the price rise continues.<\/p>\n Notcoin gained by over 380% following its launch in May, but soon slipped in a bearish market that stretched over the following five months. On November 9, Martinez stated<\/a> the altcoin had broken out of a falling wedge pattern setting up a potential 76% price gain.\u00a0<\/p>\n However, Notcoin has remained in a range-bound market over the past two weeks oscillating between $0.0070 \u2013 $0.0084.<\/p>\n Commenting on this development, Ali Martinez remains confident of his bullish prediction stating that the altcoin is only gathering the necessary momentum and liquidity to launch a price upswing.\u00a0The analyst\u2019s price target remains $0.12 which will represent the token\u2019s highest price level since August if attained.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Amidst possibilities of a major price surge, investors should note that Notcoin will face a resistance zone at $0.010 which proved previously effective with a price rejection in October.\u00a0However, Martinez\u2019s positive projection remains highly possible considering the current robust bullish sentiments in the Notcoin market and general crypto community.\u00a0<\/p>\n The digital asset market has been on the green side following the election of pro-crypto candidate Donald Trump as US President. With the anticipation of a crypto-friendly administration, investors are likely to retain buying pressure<\/a> in major cryptocurrencies including Notcoin.<\/p>\nMajor Resistance Awaits NOT Bullish Rally<\/strong><\/h2>\n