Altcoins
Notcoin and JasmyCoin Price Eye 20% Surge as Toncoin Strives to Form New ATH
Market momentum continues to remain in favor of altcoins as some of them like Notcoin, JasmyCoin, and Toncoin have been trending in recent days. The trend suggests that these altcoins are expected to maintain a steady rise as the volume of these tokens increases significantly.
Notcoin (NOT) Price Analysis
Notcoin continues to trade under bullish influence as prices skyrocket with notable strength. The rally forms consecutive highs and lows, suggesting that the bulls have held enormous dominance. Therefore, NOT price is expected to maintain a healthy rise over the coming days as new liquidity is expected to flow into the platform soon.
Since the price triggered a bullish rebound from the local low $0.0046, it has been trading in a strong uptrend within an ascending wedge. The volume appears to have been severely compressed and an explosion could therefore be on the horizon. Furthermore, OBV is rising and has yet to reach the upper threshold, suggesting that there is still room for bulls to make highs. Therefore, Notcoin (NOT) price is expected to find a new ATH somewhere around $0.034 before this weekend.
JasmyCoin (JASMY) Price Analysis
JasmyCoin has made a parabolic recovery and is entering one of the crucial resistance zones between $0.037 and $0.040. The bulls appear to have held a strong hold on the token, making the price likely to consolidate within the range for some time. This could trigger a healthy price rally ahead, as technical data shows.
After breaking above the bull flag, JASMY price displayed immense strength as it prepares to test the crucial resistance. The bulls have gained immense power, as the BB power suggests, while the RSI also supports the bullish narrative. Now that the volume has gained momentum, we can expect further bullish continuation. Therefore, JASMY coin is expected to oscillate along the resistance zone for some time, followed by a bullish breakout towards the ATH.
Toncoin (TON) Price Analysis
Toncoin price consolidates for a while in a narrow range below the crucial resistance level at $6.6, after a marginal rise. However, the price continues to struggle to reach the upper resistance zone as the bears appear to have capitulated. Therefore, as the current trade setup suggests, TON price is expected to fall below the intermediate support as the bulls do not possess the required strength.
TON price is trading near the final resistance zone, as a breakout above this zone will cause the rally to form a new ATH. However, market dynamics and technical parameters do not suggest this narrative as the price is expected to enter the zone and face a further pullback. The Stochastic RSI is about to reach the upper threshold and therefore could fall after a brief consolidation. Second, selling pressure has increased, which could make it difficult to form a new ATH in the near future.