Market
Notcoin (NOT) Price Trends Show Strong Upward Movement
Notcoin (NOT) price has recently surged, yet many holders are still facing losses. Despite the uptick, the majority of investors are waiting for more substantial gains to recover their initial investments. This creates a scenario where selling pressure may be limited, potentially allowing for further upward momentum.
Strengthening technical indicators, including a near golden cross formation and rising trend strength, suggest a growing bullish sentiment. With multiple resistance levels in sight, NOT may continue its rally, offering potential significant growth if current trends hold.
More Than Half of TON Holders Are In a Loss
The historical break even price chart reveals that 40% of TON holders are currently in profit. Despite the recent price surge of nearly 10% in the last 24 hours, a significant portion—53% of holders—are still at a loss.
This imbalance highlights that many investors, especially those who purchased when the price was significantly higher, have yet to see positive returns. The historical break even price metric serves as an important indicator to gauge the profitability of investors based on the average price at which they entered compared to the current market price.
Read more: 5 Top Notcoin Wallets in 2024
With TON’s price still well below the levels observed in August, July, and June, it suggests that a large number of holders are waiting for prices to rise further before selling. The fact that many are still at a loss even after a 10% surge means there is less incentive for these investors to sell at current levels, as they would prefer to recover their original investments or gain profits.
This scenario reduces the likelihood of immediate selling pressure, as holders are likely expecting further price growth. As a result, the current market environment may benefit from sustained buying momentum without the overhanging threat of significant sell-offs in the near term.
Notcoin Current Trend Is Getting Stronger
The ADX for NOT is currently at 34, up from 18 just one day ago. This sharp increase in the ADX suggests that the strength of the trend has significantly grown in a very short time frame. When the ADX rises above 25, it typically indicates that a trend is gaining momentum, and with the current level at 34, it confirms that NOT has entered a strong trend.
The rapid rise from 18 to 34 highlights a marked shift in the direction of the TON price, pointing towards increasing investor interest and a strengthening direction in the price movement.
The Average Directional Index (ADX) is a metric used to determine the strength of a trend, regardless of whether the trend is upward or downward. An ADX value above 25 generally indicates a strong trend, while lower values suggest a lack of momentum or a consolidating market.
With NOT recently entering an uptrend and the ADX now at 34, it shows that the current upward momentum is strong. This suggests that the recent price growth might just be the beginning, as the strength of the trend implies continued buying interest and the potential for further gains.
The combination of a newly established uptrend and a strong ADX level makes a compelling case that the price could continue its upward trajectory, as market participants seem to be committed to sustaining this growth.
NOT Price Prediction: Can TON Grow By 50% In The Next Few Days?
NOT’s EMA lines are currently nearing the formation of a golden cross, which is a significant technical indicator in trading. A golden cross occurs when a shorter-term EMA (Exponential Moving Average) crosses above a longer-term EMA, signaling the potential start of a bullish market trend.
The EMA lines being close to this crossover suggests that the current momentum in price action is gaining strength, which, if confirmed, may lead to more substantial upward movement. Traders often look at this formation as a signal to enter long positions, anticipating that the price may rise further.
EMA lines represent the exponential moving averages of a cryptocurrency’s price over a specific period, placing more weight on recent data to reflect current trends more accurately. When the shorter-term EMA crosses above the longer-term EMA, it often signals a shift from a bearish to a bullish market trend.
Read more: What is Notcoin (NOT)? A Guide to the Telegram-Based GameFi Token
With NOT’s ADX currently strong and many holders still at a loss, the conditions are favorable for further upward movement. If the golden cross forms and the trend continues, NOT could test resistances at $0.0106, with the potential to push even higher to $0.0122 or even $0.01355.
Achieving these levels could mean a roughly 50% price growth from its current position. However, if the uptrend doesn’t materialize and the trend reverses, NOT price could see a decline and test its support at $0.007, which would signal a more bearish outlook in the short term.
This makes the coming days crucial for defining the direction of NOT’s market trajectory, depending on whether the Golden Cross is confirmed or not.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance.
- Ethereum started a fresh increase above the $3,220 and $3,300 levels.
- The price is trading above $3,250 and the 100-hourly Simple Moving Average.
- There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken).
- The pair could gain bullish momentum if it clears the $3,385 resistance zone.
Ethereum Price Regains Traction
Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for a move above the $3,150 and $3,220 resistance levels.
The bulls pumped the price above the $3,300 level. It gained over 10% and traded as high as $3,387. It is now consolidating gains above the 23.6% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high.
Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,350 level. There is also a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD.
The first major resistance is near the $3,385 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,650 resistance zone or even $3,880.
Another Decline In ETH?
If Ethereum fails to clear the $3,350 resistance, it could start another decline. Initial support on the downside is near the $3,300 level. The first major support sits near the $3,250 zone.
A clear move below the $3,250 support might push the price toward $3,220 or the 50% Fib retracement level of the recent move from the $3,036 swing low to the $3,387 high. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,050.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,250
Major Resistance Level – $3,385
GOAT price has skyrocketed 214.29% in one month, recently breaking into the $1 billion market cap and securing its place as the 10th largest meme coin. It now stands just ahead of MOG, which closely trails its position in the rankings.
However, recent indicators suggest that GOAT’s uptrend may be weakening, raising questions about whether it can sustain its rally or face a potential correction.
GOAT BBTrend Is Negative For The First Time In 4 Days
GOAT BBTrend has turned negative for the first time since November 17, now sitting at -0.54. This shift suggests that bearish momentum is beginning to take hold, with the asset’s recent upward trajectory starting to weaken potentially.
BBTrend measures the strength and direction of price trends using Bollinger Bands, with positive values indicating an uptrend and negative values signaling a downtrend. A negative BBTrend reflects increased downward pressure, which could indicate the start of a broader market shift.
GOAT has had an impressive November, gaining 61% and reaching a new all-time high on November 17.
However, the current negative BBTrend, if it persists and grows, could signal the potential for further bearish momentum.
GOAT Is In A Neutral Zone
GOAT’s RSI has dropped to 52, down from over 70 a few days ago when it reached its all-time high. This decline indicates that buying momentum has cooled off, and the market has moved out of the overbought zone.
The drop suggests a shift toward a more neutral sentiment as traders consolidate gains and the strong bullish pressure seen earlier subsides.
RSI measures the strength and velocity of price changes, with values above 70 indicating overbought conditions and below 30 signaling oversold levels. At 52, GOAT’s RSI is in a neutral zone, neither signaling strong bullish nor bearish momentum.
This could mean the current uptrend is losing strength, and the price may consolidate or move sideways unless renewed buying pressure reignites upward momentum.
GOAT Price Prediction: A New Surge Until $1.50?
If GOAT current uptrend regains strength, it could retest its all-time high of $1.37, establishing its market cap above $1 billion, a fundamental threshold for being among the biggest meme coins in the market today.
Breaking above this level could pave the way for further gains, potentially reaching the next thresholds at $1.40 or even $1.50, signaling renewed bullish momentum and market confidence.
However, as shown by indicators like RSI and BBTrend, the uptrend may be losing steam. If a downtrend emerges, GOAT price could test its nearest support zones at $0.80 and $0.69.
Should these levels fail to hold, the price could fall further, potentially reaching $0.419, putting its position in the top 10 ranking of biggest meme coins at risk.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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