This week, the altcoin market saw a strong bullish recovery, with Ethereum price successfully reclaiming the $3,000 mark for the first time since August. Since then, the Toncoin ecosystem has also experienced a similar trend, adding huge value to its category. As market sentiment continues, is the Telegram ecosystem about to make a major breakthrough? In this article, we cover the market sentiment and possible short-term price analysis of the Toncoin (TON) and Notcoin (NOT) crypto tokens.
Tongcoin (TON)
Toncoin price continues to show a bullish trend, gaining 5.42% in the past 24 hours. Moreover, with a year-to-date return of +123.86%, this altcoin ranks 11th with a market cap of $13.692 billion.
TradingView：TON/USDT
Technical indicators RSI and SMA are showing bullish curves on the 1D timeframe. This suggests that TON price may continue to rise in the coming week.
Sustaining the price above the $5.155 support could set the stage for Toncoin price to move towards its overhead resistance at $6.415. On the other hand, a bearish reversal could pull the price towards this month’s lower support at $4.
Notcoin（NOT）
Notcoin’s price has increased by 17.88% in the past 24 hours, with a trading volume of $241.73 million. Moreover, it has surged by 14.71% in the past week. This has brought it back to the $0.0075 mark.
TradingView：NOT/USDT
The MACD indicator has recorded an uptrend in the green histogram, with its average hinting at a potential bullish convergence. On the other hand, the 50-day EMA is about to make a positive crossover. This suggests a bullish outlook for the altcoin.
If the market continues to move bullish, NOTcoin price will retest its important resistance at $0.009253. Conversely, if the bears outweigh the bulls, NOT price might retest its critical support trendline at $0.004554.
