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July 18, 2024
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Here is What’s Next for Notcoin (NOT) & Toncoin (TON) Price During Q3 2024

The post Here is What’s Next for Notcoin (NOT) & Toncoin (TON) Price During Q3 2024 appeared first on Coinpedia Fintech News

Notcoin & Toncoin prices have been trading above the crucial support levels, flashing bullish signals for the next few days.  Altcoins are heading toward a crucial phase as the markets approach the end of the year’s first half. Bitcoin is displaying weakness, while Ethereum is demonstrating acute strength by holding levels close to $3500. This suggests that altcoins are holding significant dominance and, hence, are assumed to utilise their accumulated strength in the coming days. 

Notcoin (NOT) Price Analysis

Notcoin price has been consolidating within a narrow range for over 24 hours, as it seems to be accumulating gains for the next price action. The token faced excessive selling pressure in the past week, which slashed prices by close to 30%. Technicals suggest the price may mimic being under bearish influence, but in reality, it is preparing for a gigantic upswing. 

The short-term trade displays the price being stuck just above the support zone of the descending triangle. The price is expected to move in and out of the support zone between $0.014 and $0.013 as the DMI approaches a bullish signal, but more consolidation is expected before that. The ADX underwent a bearish divergence and is heading towards the south, which indicates a drop in the strength of the rally. 

Therefore, the NOT price may remain accumulated throughout the weekend and begin the fresh weekly trade, reclaiming $0.016 and later reaching 0.618 FIB at $0.165. 

Toncoin (TON) Price Analysis

Toncoin price has demonstrated acute strength since the start of March and formed constant higher highs and lows. The bullish strength continued to swell and as a result, the TON price remains stuck within the top 10 cryptos and just 8% away from the ATH. The price is maintaining an ascending consolidation and accumulating strength to initiate a breakout in the coming days. 

The price is consolidating along the 0.786 FIB levels above $6.81, with the ascending trend line as a strong support. The volume continues to remain above the average range, pointing towards a rise in volatility in the coming week. However, by the end of the month, the price variations may intensify, attracting fresh liquidity onto the platform. Therefore, the TON price may rise in the first few days of Q3 and mark a new ATH, probably above $10. 

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