On the way to $0.012?

The cryptocurrency Notcoin (NOT) is experiencing impressive market dynamics that is attracting the attention of investors. In one week, its price jumped by 24.55%, and its trading volume saw a spectacular increase of 297.52%, reaching over $522.11 million. This surge is supported by technical indicators and growing interest from institutional investors, hinting at significant upside potential in the days to come.

NOT of Notcoin up more than 35% in one week

This week, the price of NOT jumped 35%. Its trading volume saw an increase of almost 300%, surpassing $522 million. Currently, Notcoin is trading around $0.007473, and technical indicators hint at further upside potential in the coming days.

Notcoin (NOT): upside potential to $0.012?

Notcoin’s recent 35% jump is largely supported by a configuration technique indicating continued upside potential. This type of configuration, known as figure de compressionoccurs when prices tighten within a specific interval, creating buying pressure which can lead to a bullish “breakout”. Once the price breaks this barrier, it is likely that a upward trend grows rapidly.

For Notcoin, this breakout could allow a rise up to $0.012a potential increase of 76% from the current level. In the near term, the next technical objective lies at $0.0092, a level which, if breached, could make $0.012 a realistic target. This change in trend is supported by strong buyer demand. And the support level currently looks strong above $0.007.

The growing interest of whales and institutional investors: a positive signal

Notcoin’s support does not only rely on technical signals. THE “whales“, investors who hold significant amounts of cryptocurrencies, as well as institutional investors, are also showing significant interest in Notcoin. Large transaction volume increased by 833% in one week, showing that large volume buyers bet on a future rise. This movement indicates notable confidence on the part of these major players, who have the means to influence the trajectory of cryptocurrency.

Besides the whales, the number of active addresses on the Notcoin network more than doubled, going from 12,840 to almost 29,000 in one week. This figure reflects growing community interest in Notcoin, a trend that reflects increased demand even from small investors. Such an increase in activity reinforces pressure to buy and supports the current price increase.

Outlook for Notcoin: towards consolidation at $0.012

In addition to technical signals and institutional interest, theAdvance Decline Ratio indicator (ADR) of Notcoin, which measures balance between buy and sell orders, has remained above 1 for six consecutive days. This means that control of the market is always on the side of the buyers. A positive sign for a continuation of the upward trend. An ADR above 1 for several consecutive days shows that the majority of investors remain confident in Notcoin's trajectory.

The immediate price target stands at $0.0092, but if the bullish momentum persists, Notcoin could well reach $0.012 in the coming weeks. While these prospects are encouraging, it is important to keep in mind that cryptocurrencies remain volatile assets. And that the market can experience sudden reversals. However, with such positive signals, Notcoin appears well positioned to benefit from this period of strong growth.