Bullish Falling Wedge Triangle Detected On Notcoin’s Chart; Which Altcoins Are Next?
Release: 2024/06/12 23:01 Reading: 661
Notcoin Price Analysis
Notcoin's price has recently witnessed an uptick. Technical analysis suggests this upward trend may persist due to a bullish falling wedge triangle on the chart. This formation, known for bullish reversals, indicates potential gains for Notcoin. Attention is now shifting towards other altcoins like Avalanche, TRON, Chainlink, and Angry Pepe Fork, which exhibit solid technical signs.
Angry Pepe Fork: A Promising Altcoin Investment
Angry Pepe Fork (APORK) is a Solana-based coin that offers a robust MemeFi incentive and a strong community. It aims to drive innovation and profit potential in the altcoin market. APORK plans to surpass expectations by eliminating zombie meme coins. Its presale is underway, and analysts predict a 200% increase before the end of the sale. After its public listing on major exchanges, a remarkable surge of 500% is anticipated.
APORK's smart contract has undergone audit by SOLIDProof, ensuring security and trust. The native APORK token is currently priced at $0.014 during presale stage 1, but its value is expected to rise significantly during the initial coin offering (ICO). The staking mechanism is another key feature of this MemeFi cryptocurrency. Holders can lock in their APORK tokens for durations of 30, 60, or 90 days, potentially increasing their APY for greater rewards.
Angry Pepe Fork is expanding through mutually beneficial collaborations, enhancing its utility and appeal. This move solidifies its position in the altcoin market. Fans of the Angry Pepe Frog and those who missed out on the early days of Pepe Coin may find this project particularly alluring.
Notcoin Price Chart Analysis
Notcoin exhibits a falling wedge pattern on its price chart. Converging trendlines with a downward slope characterize this technical formation, suggesting a potential bullish reversal. A falling wedge typically follows a prolonged decline, indicating an imminent upward breakout in asset price. This pattern on Notcoin's chart is gaining attention from traders and investors.
A clear breakout from the falling wedge could signal the end of Notcoin's current downward trend and the beginning of a new upward trajectory. However, the strength and sustainability of this reversal will depend on other market factors and indicators. On the 4-hour chart, Notcoin currently trades within the triangle and above the 100-day SMA, indicating that the wedge may persist for some time.
Avalanche Price Chart Analysis
Avalanche has experienced a 7.4% decline over the past week, dropping to $32.99 and continuing its slide from the previous month. Volatility has marked Avalanche's price movement. The width of the Bollinger bands reflects the volatility, and the size of the gray area at any given time impacts it as well.
Trading volume for Avalanche has increased by 22% in the past week, coinciding with an 8.31% increase in the coin's circulating supply. Holders anticipate a rally as the Avalanche price chart indicates a bearish rejection at the $32.2 support level.
TRON Price Chart Analysis
Social media metrics for the TRON coin have seen a rise in recent trading sessions, signaling positive coverage in cryptocurrency media. The surge in social dominance and volume indicates increased discussions, mentions, and posts about TRON on social media platforms like Reddit, X, and Telegram. The price of TRON coin stands to benefit from the increase in both volume and social dominance.
TRON's price chart reveals a period of consolidation starting from February 27, 2024, followed by a decline in daily technical strength. However, TRON found support at the 200-day EMA level and rebounded, indicating buyer presence at lower price points. Over the past year, TRON has delivered a return of approximately 70%.
Chainlink Price Chart Analysis
Chainlink has breached significant support levels, including $17.40 (the 100 EMA) on the 4-hour price chart. The coin has also moved into the area corresponding to the 200 EMA on the 4-hour chart. Resistance levels at $16.70 and $18.00 remain formidable.
Key support levels to watch in the current market include $15.60 and $14.30. These levels align with the significant flat baselines of the Ichimoku Cloud on a 4-hour timeframe, highlighting potential areas of support amidst the prevailing bearish trend. Chainlink has entered the Ichimoku Cloud on the daily price chart, a bearish signal. The RSI has also experienced a sharp decline, falling from 70 to 43 during this period.
Can Angry Pepe Fork's Price Explode Soon?
During its ongoing presale, Angry Pepe Fork is projected to witness a significant price increase. Some supporters believe it will surpass the performance of well-known altcoins once publicly available. With a current market capitalization of $26.6 million, pumping the price of this altcoin is relatively less expensive, making it a promising choice for potential gains in the coming months.
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