Notcoin (NOT) has seen a recent price surge, but many investors are still holding at a loss. Despite this, the lack of immediate selling pressure could allow for additional gains.
Many holders, especially those who bought at higher prices, are waiting for further increases before selling, creating potential for a continued rally.
Strengthening Technical Indicators for NOT
The technical outlook for NOT suggests growing bullish momentum. Indicators like a near golden cross formation and a rising ADX (Average Directional Index) point to a strong upward trend. With resistance levels approaching, the current rally may continue, offering substantial growth if the trend holds.
Majority of NOT Holders Still in Loss
According to a historical break-even price chart, 53% of NOT holders are currently facing losses, despite the recent 10% price increase. This imbalance shows that many investors, particularly those who entered the market at higher prices, are still waiting for profits. As a result, the pressure to sell at current prices is low, providing an environment conducive to sustained buying momentum.
This scenario reduces the chances of large sell-offs in the near term, as many holders are likely to wait for a higher price before exiting their positions.
ADX Signals Stronger NOT Trend
The ADX for NOT has jumped from 18 to 34 in just one day, indicating a rapid increase in trend strength. A rising ADX above 25 typically signals a strong trend, and with NOT’s ADX now at 34, the current uptrend is gaining significant momentum.
The ADX measures trend strength, whether upward or downward, and with NOT’s ADX rising sharply, the market is showing increased investor interest. This suggests that the price rally may have just begun, with more gains on the horizon.
Golden Cross Could Trigger a 50% Price Increase
NOT’s EMA (Exponential Moving Average) lines are approaching a golden cross—a major bullish indicator. This occurs when a short-term EMA crosses above a long-term EMA, signaling the start of a potential bullish trend. Traders often view this as a sign to enter long positions, anticipating further price increases.
With strong technical indicators and the golden cross forming, NOT could test key resistance levels at $0.0106, with the potential to push as high as $0.0122 or even $0.01355. This could result in a 50% price growth from its current level. However, if the trend reverses, NOT could fall back to support at $0.007, signaling a bearish shift.
The coming days will be crucial in determining whether NOT’s bullish trend will continue or reverse.
