The crypto markets are trying to cope with the recent bearish action as the major tokens are trying to prevent further losses. Besides, the launch of the spot Ethereum ETF turned out to be yet another ‘ sell the news’ event as the price of ETH faced an excessive pullback comparatively. This made the other altcoins uncertain for a while but some among them appear to be poised to maintain a healthy ascending trend hereafter. Popular altcoins like Toncoin (TON) & Notcoin (NOT) have been trying hard to overcome the bearish heat as the markets are heading towards the end of the monthly trade.
Toncoin (TON) Price Eyes at 10% Upswing This Weekend
Toncoin price is trying to validate a rebound from the interim lows before testing the monthly lows, which has developed a bullish scenario for the altcoin. The bulls have been closely monitored by the token for the past few months and hence one strong upswing is expected to attract fresh buying volume. Therefore, the TON price is expected to climb high in the coming week, if the token secures certain levels during the weekend.
The TON price was trading within a rising wedge and as a result, a breakdown from the lower support was imminent. The price faced a 15% pullback and after hitting the local lows, a rebound occurred in the early trading hours. The RSI has triggered a bullish divergence but the supertrend remains bearish. Therefore, the Toncoin (TON) price is believed to maintain an ascending consolidation and surge above $7.2 in the upcoming weekend. If the bulls sustain within this range, the price may reach a double-digit figure in the coming week.
Notcoin (NOT) Price Struck Within a Decessive Phase
Notcoin has been performing exceptionally well since the start, and despite a significant bearish influence, the bulls have held a tight grip over the token. The volume remains grounded, which may hinder the progress of the rally, but the weekend trade could turn the tables for the token. The NOT price is preparing for a bullish rebound, which may attract a 12% upswing in the next couple of days.
The NOT price has been stuck under a bearish trend ever since it secured the highest levels but sustains within a decisive phase. The price is approaching the apex of the decisive triangle, which may trigger a huge price action. The volume has marked the ground level, while the selling volume has begun to fade, as suggested by the MACD. Besides, the DMI, which flashed bearish signals, is close to undergoing a bullish crossover. Therefore, the Notcoin price is expected to trade within a range-bound range, initiate a fresh upswing and breach the resistance zone between $0.016 and $0.017.