🌎 Notcoin Surges 65%: Analyzing Future Price Trajectories

Notcoin surprised investors with a 65% surge last week. This significant gain raises questions about its future price movements. Here, we analyze its potential price trajectories for the upcoming week.

Limited Historical Data

Notcoin began trading on May 16, making it a relatively new entry in the crypto market. Limited historical data makes precise predictions challenging, but several key indicators provide valuable insights into potential price behavior.

Fibonacci Retracements and Key Levels

From the high on June 2 to the low on July 5, the 38.2% Fibonacci retracement aligns with the 61.8% retracement from the June 15 high to the July 5 low, both at $0.00169708.

Additionally, the 50% retracement from the May 23 low to the June 2 high aligns with these levels. This confluence suggests a strong resistance level at around $0.00169, which has also acted as support multiple times. Breaking through this resistance could propel Notcoin to around $0.019.

Harmonic Patterns and Price Targets

An emerging alt bat harmonic pattern suggests a potential rise to the $0.0169-$0.017 area, where significant resistance may be encountered. After testing this level, Notcoin could experience a downturn, potentially falling to its strong support level at $0.0091543.

Strategy

Consider long positions until the $0.0169 resistance level.
If Notcoin tests this resistance and fails to break through, confirmed by a candle close, consider short positions to the $0.00915-$0.01 support range.