Notcoin Approaches Key Resistance in Symmetrical Triangle Formation

Notcoin is currently trading near $0.0023 after a notable 5.98% daily gain and a significant 12.65% weekly surge. It’s approaching a critical resistance point within a symmetrical triangle pattern on both the 4-hour and 1-day charts, drawing attention from traders for potential breakout opportunities. Traders anticipate entering long positions after a retest of the resistance level. 4-Hour Chart Signals Potential Breakout Alpha Crypto Signal reported on X that Notcoin is currently trading within a symmetrical triangle on the 4H chart, with increasing price momentum towards the trendline resistance. The report suggests this breakout could be followed by long entries after retesting if confirmed. 1-Day Chart Shows Strong Compression Since Late May, Key Points Remain Stable: On the 1D chart, Notcoin/USDT has maintained its symmetrical triangle structure since late May. Key pivot points labeled A through D demonstrate adherence to both trendlines. The price is now nearing the upper resistance zone with bullish short-term momentum. Stable volume and increasing buying interest suggest a gradual ascent in price action. Technical readings show the 9 EMA at $0.002241 slightly above the 50 SMA at $0.002244, indicating balanced sentiment and potential for further upside. Volume has been relatively stable with increases on rising days showing steady buying interest. A clean breakout above resistance accompanied by strong volume is anticipated to open up new upward opportunities. Until then, traders are closely monitoring the price action of Notcoin within this triangle.