What’s Next For Toncoin (TON) And Notcoin (NOT) As Bullish Sentiment Intensifies?
The post What’s Next For Toncoin (TON) And Notcoin (NOT) As Bullish Sentiment Intensifies? appeared first on Coinpedia Fintech News
The crypto market continues displaying a mixed sentiment by constantly recording pump-and-dump-like situations over the past few days. Furthermore, top tokens continue trading below their important levels, suggesting uncertainty in future price action.
On the other hand, with the altcoin leader, the Ethereum price hovering below its $2.5K mark, top altcoins have recorded a significant correction in their respective portfolios.
Planning on investing in Toncoin and Notcoin, but confused about their future prospects? Dive in as, in this article, we have covered the in-depth market sentiments, price analysis, and possible short-term price targets of these crypto tokens.
TON Crypto Successfully Tests Its Crucial Support Level:
With increased selling pressure in the cryptocurrency space, the Toncoin price has recorded a drop of 1.82% within the past day with a trading volume of $311.24 Million. Further, it has plunged 18.91% within the past week and 22.06% over the past 30 days.
The technical indicator, RSI, has failed to surpass its average trendline, resulting in it recording a bearish curve. This highlights a strong bearish sentiment in the crypto space.
If the market continues trading under a bullish sentiment, the TON coin price will prepare to test its upper resistance level of $7.680 during the upcoming weeks. Conversely, if the bears continue to dominate the market, this could result in the Toncoin crypto retesting its low of $5.155.
Notcoin (NOT) Price Action:
The NOT price continues to trade under a bearish sentiment by losing approximately 5% in valuation within the past day. Moreover, it has plunged 14.92% within the past week and 26.30% over the past 30 days. Notably, this altcoin has a YTD return of -21.81%.
The Relative Strength Index (RSI) has recorded a sharp rise toward the halfway mark. However, the market experienced increased selling pressure. Further, the average trendline is on the verge of displaying a bearish convergence, suggesting a mixed sentiment in the crypto space.
Suppose, a bullish trend reversal occurs, in that case, the Notcoin price will prepare to test its upper resistance level of $0.01830. On the flip side, if the bears continue to gain power, the NOT crypto will plunge toward its crucial support level of $0.00925.
