What's Going on With Notcoin? | Credit: Hameem Sarwar
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Key Takeaways
Notcoin (NOT) has created a long-term double-bottom pattern.
NOT trades inside a long-term descending parallel channel.
Can NOT begin a trend reversal and break out from the channel?
Notcoin (NOT) enjoyed a strong rally after its launch but has been steadily declining since hitting its all-time high of $0.023 in June 2024.
So far, 2025 hasn’t been kind to NOT. The token is now hovering near its all-time low and urgently needs a catalyst to avoid another breakdown.
On Aug. 11, the TON Foundation revealed that Coinbase Ventures had been accumulating Toncoin, though it didn’t disclose the position size.
While this news doesn’t directly impact Notcoin, the project’s official X account speculated that Coinbase could eventually list both TON and NOT, as it remains one of the few major exchanges that hasn’t yet done so.
With that possibility in mind, let’s examine the charts more closely to see if Notcoin can break out of its bearish trend.
Notcoin Price Analysis
The weekly NOT chart shows that the rally that led to the all-time high was swift, but the ensuing decline has been drawn out.
NOT has fallen inside a descending parallel channel, repeatedly bouncing between its support and resistance trend lines.
The most recent bounce was in April, starting the fragile upward movement that is still ongoing.
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While the rally is weak, a positive signal was created after the April bounce in the form of a bullish double-bottom pattern, taking the NOT price close to the confluence of resistances at $0.0030.
Currently, the Notcoin price trades in the channel’s upper portion, making a breakout more likely.
Momentum indicators back the breakout too: The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) created bullish divergences (orange) during the pattern.
Putting the final touches on the optimistic Notcoin prediction, the price has bounced at the $0.0019 horizontal area, confirming it as support.
For this structure to remain valid, NOT has to stay above this area and eventually break out from the triangle.
If that happens, the Notcoin price will confirm its bullish trend reversal.
Notcoin Trend Reversal
Notcoin’s recent price action suggests a potential bullish reversal, supported by a long-term double-bottom pattern and bullish divergences on the RSI and MACD.
A close above the $0.0030 resistance will confirm the bullish trend reversal.
In the short term, the price of Notcoin has to hold above the $0.0019 support area.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
