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Notcoin’s Breakout Sparks Bullish Sentiment, NOT Price To Rally 70%?

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5 months ago

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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.

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.

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.

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Teuta Franjkovic

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries.

Starting her career in 2005 as a lifestyle writer for Cosmopolitan, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg.

Influenced by figures like Don and Alex Tapscott and Laura Shin, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions.

Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law.

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.





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Binance Sidelines Pi Network Again In Vote To List Initiative, Here’s All

Published

2 hours ago

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April 3, 2025

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As Binance’s Vote to List initiative kicks off, the exchange has turned its back on Pi Network for the second time. Binance is proceeding with the decentralized listing program but Pi Network is noticeably absent from the raft of cryptocurrencies.

Pi Network Fails To Make Binance List

Pi Network enthusiasts are in limbo following the absence of the token in Binance’s Vote to List initiative. According to a press release, Binance has opened voting for its second Vote to List initiative.

This time, 12 tokens are up for community voting, with Binance proceeding to spot-list successful tokens. Apart from vote count, Binance says it will consider trading demand, a risk assessment, and a compliance check to decide on tokens that will make the listing.

The selected tokens include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. While the first focused on memecoin, the second iteration beams a searchlight on utility tokens cutting across several verticals.

Back in March, Binance excluded Pi Network from its first edition of the Vote to List initiative. Binance has clarified that only BNB-based projects will be allowed to participate in the Vote to List initiative, dousing optimism for Pi Network enthusiasts.

When Will Binance List The Asset?

Despite Pi missing out on the Vote to List program, there is still a ray of hope for community members. Binance can list Pi via a direct listing in the future but a timeline is unavailable.

Experts say a lack of transparency by The PiCoreTeam (PCT) is a reason why Binance has not listed Pi Network. Particularly, the exchange took swipes at the PCT for failing to give proper disclosures on the Pi Network’s locking and burning mechanism.

Pi Network secured a major listing on the BTCC Exchange, bringing the token closer to being listed on mainstream exchanges. While a listing hovers on the horizon for Pi, the PCT’s domain auction is gathering steam with over 200,000 bids.

Pi price has been largely underwhelming over the last day, losing nearly 5%. Pi trades at $0.6646 to drop below the $0.7 mark for the first time in over a month.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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.





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First Digital Trust Denies Justin Sun’s Allegations, Claims Full Solvency

Published

6 hours ago

on

April 2, 2025

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Following a reserve crisis that hit TrueUSD and Justin Sun’s intervention, First Digital Trust denied claims of insolvency. The Trust, at the center of the fiasco, says it is fully solvent while accusing Sun of sensationalism.

First Digital Trust Refutes Allegations Of Insolvency

First Digital Trust has released a statement debunking allegations of financial impropriety and insolvency. According to the statement, First Digital Trust says it is completely solvent while accusing Justin Sun of falsehood.

The Trust has been at the center of a whirlpool of a liquidity crisis involving TrueUSD (TUSD) with Justin Sun stepping in to stabilize the stablecoin with a capital injection. The Tron founder launched a tirade against the Hong Kong-based trust, accusing it of financial mismanagement including unauthorized trade finance loans.

“The recent allegations by Justin Sun against First Digital Trust are completely false,” read the statement.

The Trust disclosed that its FDUSD stablecoin is solvent and backed by US Treasury Bills. Per the statement, the legal dispute surrounding TUSD has nothing to do with FDUSD, accusing Sun of a smear campaign. First Digital Trust says it has not had the opportunity to defend itself in court, accusing Sun of launching social media attacks.

“This is a typical Justin Sun smear campaign to try to attack a competitor to his business,” added First Digital Trust.

Justin Sun Maintains His Stance

Justin Sun remains firm in his resolve that First Digital Trust is insolvent while urging investors to cut ties with FDUSD. He warns that the Trust founder Vincent Chok will face the full wrath of the justice system.

“First Digital Trust (FDT) is in fact insolvent,” said Sun. “If you have any relationship with it, please cut off contact as soon as possible to protect your assets.”

Following his accusations, FDUSD lost its peg and traded at a low of $0.88, a steep drop before crawling to $0.98. The loss of $130 million from its market capital has rattled investors with critics taking swipes over its de-pegging.

The Tron founder has covered every blade of grass in recent days, buying $75M of the Trump memecoin. Last week, Justin Sun weighed in on TRX’s halving proposal, supporting a proposal to mirror Bitcoin’s pattern.

The stablecoin drama comes as the US is inching toward tighter stablecoin regulation with the GENIUS Act and STABLE Act.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

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.





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Will Cardano Price Bounce Back to $0.70 or Crash to $0.60?

Published

7 hours ago

on

April 2, 2025

By


Cardano price has been facing significant price fluctuations recently, with its value hovering around $0.68 as of April 2025. Traders and investors are watching closely to see whether ADA can bounce back to $0.70 or face further declines towards $0.60. 

Crypto Market Volatility Drives ADA’s Recent Price Action

Over the past few days, Cardano’s price has seen moderate fluctuations. After dipping to a low of $0.663, ADA price briefly rebounded to reach highs of $0.69. Despite these ups and downs, the cryptocurrency closed on the green side, which points to at least some of the buying pressure. 

The price action states that a general bullish trend was seen where most of the cryptocurrencies moved up, then down.

Overall market has remained very unstable and traders have been seen transferring their positions by buying during any falling. Consequently, ADA’s price was able to remain somewhat stable and maintain its position above some important support levels. The 24-hour chart indicates that Cardano’s price is currently sitting just above the $0.68 mark, up by 0.90%. Nevertheless, it is down by about 7.87% in the past week, which hints at poor performance in reversing the downtrend.

ADA Price Support and Resistance Levels to Watch

Traders are paying close attention to ADA’s key support and resistance levels. The nearest support level is $0.63, which, if broken, will imply further decline in the value, or a possible reversal of the trend if the price retests this level.

If Cardano goes below this level, the subsequent level of support may be between $0.60 and $0.61. Any move below $0.63 looks reasonably bearish, and opens the possibility of ADA testing these particular lows.

ADA/USD 1-day price chart (Source: tradingView)

On the other hand, Cardano must clear its resistance levels to regain bullish momentum. The daily moving averages at $0.73 (200-day moving average) and $0.75 (50-day moving average) are important barriers to watch. As of now, the RSI stands at 46.27, just below the neutral level of 50. An RSI below 50 means that ADA is not yet in a bullish trend, although it could be in the reclaiming process if only the buying pressure rises. At the moment, the MACD Is show a bearish outlook as the MACD line is below the signal line.

However, there are signs of weakening bearish momentum, as the histogram shows increasing green bars. This suggests that while the market is still in a bearish phase, ADA may soon experience a bullish reversal if the MACD crosses into positive territory. Moreover, ADA’s price action also forms a Falling Wedge pattern, which is typically considered a bullish reversal pattern despite the death cross formed ealier today threatening a 25% ADA price dip. 

Analyst Outlook for Cardano’s Price Movement

Crypto analysts are mixed in their outlook for Cardano in the short term. Some experts predict that ADA could continue to trade within its established range between $0.63 and $0.75.

However, a breakout above the $0.75 resistance could set the stage for a stronger upward move, with some even setting a target of $1 for the next few weeks. Moreover, according to a TradingView analysis shared, Cardano price has been following an established ascending channel pattern over the years. This pattern has historically led to significant price surges when ADA moved between its upper and lower trendlines. In the past, a similar channel saw ADA rise from $0.20 to over $2.70 in 2021.

Source: TradingViewSource: TradingView
Source: TradingView

The TradingView chart suggests that if ADA continues to follow this pattern, it could see significant upside potential in the long term. Analysts believe ADA might push towards $50.48 by the end of 2025, as it follows this channel’s upward trajectory. Such a move would require continued market optimism and strong demand for ADA.

On the flip side, analysts like Ali Martinez warn that Cardano is at a critical juncture. If ADA fails to reclaim the $0.70 to $0.80 support zone, it could see a deeper correction. Some experts suggest that ADA might test the lower $0.30s, though this scenario would require a more severe breakdown from current levels.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

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.





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