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After a 150% increase, NOT token price aims for 90% extended duration.
With high expectations of a growing bull market, despite the BTC price struggling below $70, some altcoins are moving at a breakneck pace. Entering the list of top 100 cryptocurrencies, NOT the price trend shows a huge jump this week.
The altcoin’s bull run features strong underlying demand, closing above the $0.010 psychological mark within days of the bull run. Will the uptrend of NOT price continue to break above $0.020?
The Pullback Break aims for new all-time highs
After the gains on May 16, the NOT price enters a pullback phase, leading to a collapse to $0.0046838. This represents a 40% pullback. However, the bull run resumes as the broader market gains momentum with the explosion of meme coins.
With the conclusion of the pullback phase, the NOT price shows a huge leap to surpass the previous all-time high of $0.0076305. Currently, the altcoin is showing a 160% increase, surpassing the psychological milestone of $0.010.
With six days of bullish streak, the massive increase in underlying demand is clearly visible. Furthermore, the increase in trading volume strengthens the possibility of an uptrend.
Technical indicators:
RSI indicator: The uptrend of NOT price pushes the RSI line on the 4-hour chart into the overbought limit.
EMA: With limited trend action, the 50 EMA on the 4-hour chart maintains a banana trend.
Prices WON’T increase by 90%?
According to trend-based Fibonacci levels, NOT price breaks above the 100% level and aims to prolong the bull run. Currently, the altcoin is trading at $0.011827 with an intraday growth of 13.73%.
With the next resistance at the 1.618 Fibonacci level at $0.015, collateral traders anticipate a jump to the 2.618 Fibonacci level at $0.02275. Conversely, a decline below the $0.00115861 level could send the price plummeting to $0.0101090.
Also check: Altcoins Stumble Amid Bearish Action! Is ONDO and FTM price ready for a 10% pullback?