Expects a 25% increase in the next 24 hours

Crypto markets are recovering! Bitcoin price surged above $57,000! Altcoins are also gearing up for a strong recovery! Meanwhile, Notcoin, a popular altcoin, has secured a crucial resistance. However, a daily close above these levels is likely to push the NOT price towards higher targets in the coming days.

Will the price increase NOT reach $0.02 this week?

The market sentiment has largely changed and is expected to remain volatile in the coming days. Now that the bulls are reclaiming their dominance, the NOT price is expected to initiate a 25% upswing to reach the higher targets. The token has dropped almost 30% since the beginning of the month, matching the bearish pressure. Now that the price has initiated a strong recovery, a move above $0.02 seems imminent.

Since the price hit the highs of $0.03, the bears have had a strong influence on the rally. This forced the token to remain consolidated in a descending triangle until last weekend, which forced the price to break out of the lower support zone. After a minor correction, the NOT price has reclaimed the support and resistance zone, which could pave the way for a new bullish price movement like the one seen since the beginning of the day.

The MACD remains bullish while the OBV or on-balance volume is rising above the vertical consolidation. This suggests that the bulls are reclaiming their dominance and after reaching 0.5 FIB at $0.013, the next target could be around 0.718 above $0.02. However, to confirm this move, the Notcoin price must close above the 0.618 FIB at $0.01677, which could confirm a fresh bullish bounce towards the higher targets.