Altcoin
Notcoin’s Breakout Sparks Bullish Sentiment, NOT Price To Rally 70%?
Analyst Ali Martinez recently gave a positive outlook for Notcoin (NOT), citing that it is primed for a significant price increase. He explained that the cryptocurrency recently broke out of a falling wedge pattern, which could signal a possible bullish reversal.
Martinez projects a 76% price increase , targeting $0.012 for the coin. Despite facing steep declines before, NOT has shown signs of recovery and could be on the way to a breakout. The coin was already up more than 17% at the time of writing hovering around $0.0074. That further cemented optimism among crypto enthusiasts.
Analyst Forecasts 76% Price Increase for Notcoin
Crypto analyst Ali Martinez has issued a bullish forecast for Notcoin (NOT), predicting a potential 76% price surge to $0.012. This optimism is fueled by its recent breakout from a falling wedge pattern, a technical indicator often associated with bullish reversals.
Despite facing significant price declines in the past, NOT has shown resilience and is poised for a potential upward trajectory. At the time of writing, the coin had already rallied over 17%, trading around $0.0074, further bolstering bullish sentiment within the crypto community.
#Notcoin $NOT broke out of the falling wedge, and its price is projected to increase 76% to $0.012! https://t.co/5GuybE9kuI pic.twitter.com/P2UOaAZpo3
— Ali (@ali_charts) November 9, 2024
It now means that Notcoin’s wedge pattern is complete, and price action suggests a breakout, hence the likely beginning of a bullish trend. Analyst Ali Martinez pointed out the falling wedge as an “excellent risk-to-reward setup,” a pattern that often represents a consolidation phase before a breakout.
Martinez stated that after this breakout, NOT could rally to $0.012, an earlier resistance level, thus presenting an excellent opportunity for short-term profit investors.
A move to and beyond this level would mark a significant price gain and suggest a revaluation of the asset if sustained. If it can break this resistance with solid volume, it may set up a new support, enabling further upward movement.
$NOT Surges 17%: Bullish Outlook Gains Momentum
Ali’s analysis has become quite well-received by the market, with many investors now expecting a robust short-term turnaround for NOT. This confidence is reflected in the increased price volume over the last day. The more buyers who jump in, the more the price will break out of the predicted range.
Its approach to critical resistance levels, which could trigger a new trend for the token, creates much hype in the crypto community.
Having failed to break above the crucial level of $0.0063 for a very long period in a downtrend, Notcoin has jumped 17% in the last 24 hours to reach $0.0074. Optimistic investors believe this rally could finally be the breakthrough that shifts momentum toward the bulls.
Good morning #notcoin! 😅
Welcome on board again🤩$Not #crypto pic.twitter.com/HlVqZgh5fQ— Moongal (@Moongal006) November 9, 2024
Trading volume has also surged hand in glove with the appreciation in Notcoin’s price. According to market data, the 24-hour trading volume has jumped 163% to almost $340 million.
It seems that this period is favorable for many Telegram-based altcoins. Recently, TON has demonstrated resilience and strong investor confidence, despite recent market corrections. At the time of writing, it is experiencing a notable over 5% increase. This growth reflects growing optimism among traders and could signal a positive trend for the altcoin in the short term.
A surge in this nature of trading volume indicates growing investor interest in the possible breakout, as depicted by many investors opening positions. Volume spikes like this very often are the precursor to significant price movements, pointing at a shift in sentiment. If the price continues to increase, it may attract more buyers, confirming Ali’s rally forecast of $0.012.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Dogecoin Code Appears In CyberTruck And Model 3 Website, Will Tesla Accept DOGE Payments For Cars Soon?
Dogecoin enthusiasts recently reignited discussions on the meme coin’s future after an observation shared on the social media platform X. KrissPax, a Dogecoin enthusiast, highlighted a curious detail that showed that DOGE is the only cryptocurrency currently embedded in the payment code for Tesla’s Cybertruck and Model 3 vehicles. Interestingly, this plays into the current bullish sentiment surrounding DOGE and rumors about Tesla’s plans to officially accept DOGE as a payment method.
Dogecoin Code In Tesla’s Payment: A Long-Standing Detail Revisited
The inclusion of Dogecoin in Tesla’s payment infrastructure has been known for some time, but the timing of its renewed focus has drawn attention. Notably, it comes during a notable price correction for the meme cryptocurrency.
Back in October 2023, reports surfaced about mentions of DOGE in the source code of Tesla’s Cybertruck checkout page. Particularly, crypto influencer MartyParty identified over 50 references to Dogecoin within the code.
However, the renewed interest stems from a recent post by Dogecoin enthusiast KrissPax on the social media platform X. He highlighted the presence of a DOGE code in Tesla’s payment systems, stating:
“Just remember, there is Dogecoin in the Cybertruck and Model 3 Tesla payment codes. Not any other crypto – just Dogecoin. Just waiting for Tesla to turn this option on!”
Although Tesla’s Cybertruck has since been launched, this year, the DOGE payment feature has not yet been activated. Nonetheless, its presence in the code suggests that Tesla is keeping the door open to allow DOGE transactions in the future.
What Does This Mean For DOGE?
Tesla CEO Elon Musk has long been a vocal supporter of Dogecoin, often relaying its use for everyday transactions. His enthusiasm for DOGE has been evident through numerous public endorsements, including Tesla’s decision in January 2022 to start accepting DOGE as payment for select merchandise. This endeavor created some sort of utility for DOGE, which is known for its meme status.
However, a final integration of DOGE as a payment method for Tesla cars would be the final straw in the electric vehicle maker’s creation of utility for the meme coin. A move of such magnitude would not only improve Dogecoin’s adoption but also open it up to another path of inflows, which would in turn benefit its price growth. Furthermore, other companies could follow in the footsteps of Tesla and make DOGE a payment method.
Interestingly, such a move would not be the first time Tesla accepted crypto payments for its vehicles. Back in 2021, Tesla started allowing customers to use Bitcoin as a form of payment. However, the initiative was short-lived, as Tesla discontinued Bitcoin payments just months later due to environmental concerns over the growing energy consumption of Bitcoin mining and transactions.
At the time of writing, the Dogecoin price is trading at $0.3842, down by 0.92 and 1.69% in the past 24 hours and seven days, respectively.
Featured image created with Dall.E, chart from Tradingview.com
Altcoin
5 Key Indicators To Watch For Ethereum Price Rally To $10K
The Ethereum price has surged more than 7% recently, with recent indicators hinting towards a potential ETH rally to $10K ahead. Notably, the recent surge also indicates a bullish momentum for the crypto ahead. So, here we explore some of the top indicators that could propel an ETH price surge ahead.
5 Indicators To Watch For Ethereum Price Rally Ahead
A recent X post from top on-chain analytics platform IntoTheBlock highlighted that Ethereum often follows Bitcoin’s rallies. While mixed signals exist, certain metrics suggest optimism. The platform noted that whales continue accumulating ETH, indicating confidence in the asset’s long-term growth. Increased transaction volumes and minimal selling pressure from holders are also contributing to Ethereum’s positive outlook.
In addition, one critical indicator is daily transactions, which recently rose to 1.22 million from 1.1 million three months ago. This slight uptick reflects growing network activity and rising demand for Ethereum.
Another key metric is large holder netflow, which tracks the buying activity of whales. When whales accumulate, it reduces sell-side pressure and supports price appreciation. Short-term holder behavior also warrants attention.
Meanwhile, increased activity among short-term investors often aligns with heightened retail interest. The holding time of transacted coins is another bullish sign. A steady hold time suggests that long-term investors are retaining their assets, keeping supply constrained as demand grows.
Lastly, exchange flows reveal sentiment trends. Significant outflows from exchanges typically indicate accumulation, signaling confidence among investors.
ETH Rally To $10K Imminent?
ETH price today was up nearly 8% and exchanged hands at $3,343, while its one-day trading volume rocketed 61% to $45.19 billion. In addition, Ethereum Futures Open Interest also rose more than 13%, indicating a strong market confidence towards the crypto.
Amid this, a top crypto market expert predicts ETH price to hit $10K in the coming days, sparking market speculations. However, despite that, a recent Ethereum price analysis hints that the top altcoin should soar past the $4K mark, before its further rally.
Having said that, a flurry of crypto market experts anticipates the crypto to continue its rally in the coming days. In addition, as BTC hits a new ATH recently, the market pundits expect the altcoins to follow suit, especially amid soaring optimism towards a clear regulatory path after Donald Trump’s election win.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Agency Reiterates “Digital Assets Securities” As XRP Eyes $2
Ripple SEC Lawsuit: The US Securities and Exchange Commission (SEC) hinted at “digital asset securities” claims amid the appeal in the Second Circuit Court. The move comes as XRP price surpassed $1 and expected a rally to $2 on Gary Gensler’s resignation and the end of XRP lawsuit during Donald Trump’s presidency.
US SEC Hints At Digital Asset Securities Claims In Ripple Lawsuit
In a PLI’s 56th Annual Institute speech last week, SEC Chair Gary Gensler reiterated “Bitcoin is not a security.” He also cleared the intention to continue considering XRP as security as he didn’t mention it along with “Bitcoin, ether, and stablecoins.”
“Our focus, rather, has been on some of the 10,000 or so other digital assets, many of which courts have ruled were offered or sold as securities. Putting this in context, aside from bitcoin, ether, and stablecoins, the rest of this market approximates $600 billion.”
Crypto lawyer James Murphy, also known as MetaLawMan slammed the US SEC for using the term “digital asset securities” again in an X post on Wednesday. Gensler and the SEC disregarded the court’s order on XRP security status in the Ripple SEC Lawsuit. This indicates that the agency failed to comply with its recent apology for using the term “crypto asset securities” in lawsuits.
Here we go again “digital asset securities.”
Unbelievable. https://t.co/vqCbEJ9PNh— MetaLawMan (@MetaLawMan) November 20, 2024
The regulator appealed the summary judgment on XRP sales by Ripple, XRP distribution to employees and others by the company, and XRP sales on exchanges by CEO Brad Garlinghouse and Executive Chairman Chris Larsen. However, the recent crypto narratives amid President-elect Trump has sparked speculation of the end of SEC v Ripple lawsuit.
Will XRP Lawsuit Get Dismissed?
The crypto community called for the dismissal of the long-running Ripple SEC lawsuit and resignation of SEC Chair Gary Gensler. Also, Ripple CEO Brad Garlinghouse said he is expecting a resolution or end of the SEC lawsuit after Trump’s win.
Ripple CTO David Schwartz cleared that the company is legally obligated to Ripple shareholders and not XRP holders. While Ripple can work around legal clarity around XRP and digital assets, the prices of digital assets don’t depend on the efforts of the company. Schwartz and lawyers assert XRP lawsuit will likely get dismissed or settled with $125 million.
Meanwhile, lawyer Bill Morgan asserted that the price of XRP is not influenced by Ripple’s efforts as seen by long-term investors. Notably, Gensler’s hint at resignation and the potential end of Ripple SEC lawsuit triggered an XRP price rally to $1.
XRP Price Rally to $2
XRP price is currently holding at 0.702 Fib retracement level. Any strong upside momentum can trigger the next move to the $1.6–$2. The strong sentiment in the XRP community and Trump’s crypto policies will maintain bullishness in the crypto market.
Popular analyst CredibleCrypto suggests XRP will probably going to make new ATH “a lot quicker than most are expecting.” XRP/ETH just reclaimed and retested a 4-year long-range in the monthly chart, which signals a 250% higher target. He predicted a target of $2.
XRP price jumped over 1% in the past 24 hours and 60% in a week, with the price currently trading at $1.13. The 24-hour low and high are $1.07 and $1.15, respectively. Furthermore, the trading volume has increased by 7% in the last 24 hours, indicating a rise in interest among traders.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
-
Market22 hours ago
This is Why MoonPay Shattered Solana Transaction Records
-
Ethereum19 hours ago
Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
-
Market24 hours ago
Dogecoin (DOGE) Price Momentum Weakens Despite Rally
-
Altcoin24 hours ago
Crypto Analyst Says Dogecoin Price Has Entered Parabolic Surge To $23.36. Here Are The Reasons Why
-
Market23 hours ago
Steady Climb Toward New Highs
-
Altcoin21 hours ago
BTC Reaches $97K, Altcoins Gains
-
Market15 hours ago
South Korea Unveils North Korea’s Role in Upbit Hack
-
Market19 hours ago
Cardano’s Hoskinson Wants Brian Armstrong for US Crypto-Czar
✓ Share: