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Notcoin (NOT) Price Trends Show Strong Upward Movement
Notcoin (NOT) price has recently surged, yet many holders are still facing losses. Despite the uptick, the majority of investors are waiting for more substantial gains to recover their initial investments. This creates a scenario where selling pressure may be limited, potentially allowing for further upward momentum.
Strengthening technical indicators, including a near golden cross formation and rising trend strength, suggest a growing bullish sentiment. With multiple resistance levels in sight, NOT may continue its rally, offering potential significant growth if current trends hold.
More Than Half of TON Holders Are In a Loss
The historical break even price chart reveals that 40% of TON holders are currently in profit. Despite the recent price surge of nearly 10% in the last 24 hours, a significant portion—53% of holders—are still at a loss.
This imbalance highlights that many investors, especially those who purchased when the price was significantly higher, have yet to see positive returns. The historical break even price metric serves as an important indicator to gauge the profitability of investors based on the average price at which they entered compared to the current market price.
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With TON’s price still well below the levels observed in August, July, and June, it suggests that a large number of holders are waiting for prices to rise further before selling. The fact that many are still at a loss even after a 10% surge means there is less incentive for these investors to sell at current levels, as they would prefer to recover their original investments or gain profits.
This scenario reduces the likelihood of immediate selling pressure, as holders are likely expecting further price growth. As a result, the current market environment may benefit from sustained buying momentum without the overhanging threat of significant sell-offs in the near term.
Notcoin Current Trend Is Getting Stronger
The ADX for NOT is currently at 34, up from 18 just one day ago. This sharp increase in the ADX suggests that the strength of the trend has significantly grown in a very short time frame. When the ADX rises above 25, it typically indicates that a trend is gaining momentum, and with the current level at 34, it confirms that NOT has entered a strong trend.
The rapid rise from 18 to 34 highlights a marked shift in the direction of the TON price, pointing towards increasing investor interest and a strengthening direction in the price movement.
The Average Directional Index (ADX) is a metric used to determine the strength of a trend, regardless of whether the trend is upward or downward. An ADX value above 25 generally indicates a strong trend, while lower values suggest a lack of momentum or a consolidating market.
With NOT recently entering an uptrend and the ADX now at 34, it shows that the current upward momentum is strong. This suggests that the recent price growth might just be the beginning, as the strength of the trend implies continued buying interest and the potential for further gains.
The combination of a newly established uptrend and a strong ADX level makes a compelling case that the price could continue its upward trajectory, as market participants seem to be committed to sustaining this growth.
NOT Price Prediction: Can TON Grow By 50% In The Next Few Days?
NOT’s EMA lines are currently nearing the formation of a golden cross, which is a significant technical indicator in trading. A golden cross occurs when a shorter-term EMA (Exponential Moving Average) crosses above a longer-term EMA, signaling the potential start of a bullish market trend.
The EMA lines being close to this crossover suggests that the current momentum in price action is gaining strength, which, if confirmed, may lead to more substantial upward movement. Traders often look at this formation as a signal to enter long positions, anticipating that the price may rise further.
EMA lines represent the exponential moving averages of a cryptocurrency’s price over a specific period, placing more weight on recent data to reflect current trends more accurately. When the shorter-term EMA crosses above the longer-term EMA, it often signals a shift from a bearish to a bullish market trend.
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With NOT’s ADX currently strong and many holders still at a loss, the conditions are favorable for further upward movement. If the golden cross forms and the trend continues, NOT could test resistances at $0.0106, with the potential to push even higher to $0.0122 or even $0.01355.
Achieving these levels could mean a roughly 50% price growth from its current position. However, if the uptrend doesn’t materialize and the trend reverses, NOT price could see a decline and test its support at $0.007, which would signal a more bearish outlook in the short term.
This makes the coming days crucial for defining the direction of NOT’s market trajectory, depending on whether the Golden Cross is confirmed or not.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.