Notcoin (NOT) Forms Long-Term Double-Bottom — Is a 300% Rally Next?

Getting your Trinity Audio player ready...

• Notcoin formed a bullish double-bottom and shows RSI/MACD divergences signaling reversal potential.
  
• A weekly close above $0.0030 could trigger a 300% rally toward $0.0065.
  
• Maintaining support at $0.0019 is crucial to avoid further declines.

Notcoin (NOT), a cryptocurrency that enjoyed a strong surge after its 2024 launch, is currently at a pivotal crossroads. After hitting its all-time high of $0.023 in June 2024, the token has steadily declined and now hovers dangerously close to its all-time low in 2025. With momentum fading, investors and traders are watching closely for signs of a catalyst to reverse its bearish trend.

Technical Indicators Signal Possible Trend Reversal

The weekly chart for Notcoin reveals a drawn-out decline inside a descending parallel channel since the peak in June 2024. Despite the downtrend, a bullish double-bottom pattern formed after a bounce in April, bringing the price close to a key resistance level around $0.0030. This technical setup often signals a potential long-term reversal if confirmed.

TON Foundation is excited to share that @cbventures is now holding Toncoin.

As one of the most recognized investors in the Web3 space, Coinbase Ventures, joining the growing list of Toncoin holders is a major vote of confidence in the future of The Open Network.

While we can’t… pic.twitter.com/wJbzBOSPtQ

— TON 💎 (@ton_blockchain) August 11, 2025

Supporting this outlook, momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have shown bullish divergences during this double-bottom pattern. These divergences validate the reversal hypothesis and increase the likelihood that NOT could break out of the current downtrend with a weekly close above $0.0030. Such a breakout could propel Notcoin’s price by up to 300%, targeting the next resistance near $0.0065.

Short-Term Price Action and Support Levels

On the daily chart, Notcoin shows early signs of a bullish structure, characterized by a five-wave leading diagonal pattern followed by an A-B-C corrective move—both classic indicators of a trend shift. Notably, NOT recently bounced off the critical $0.0019 support level, reinforcing this price zone as a strong floor.

For the bullish scenario to hold, Notcoin must maintain support above $0.0019 and break out from the forming triangle pattern. Failure to do so could result in further declines, putting the token at risk of testing lower lows.

External Factors and Market Sentiment

While unrelated directly to Notcoin, the TON Foundation’s recent revelation that Coinbase Ventures has been accumulating Toncoin (TON) has stirred speculation. Notcoin’s official social media hinted that Coinbase might eventually list both TON and NOT, adding potential upside if this materializes. Given Coinbase’s prominence as a major crypto exchange yet to list Notcoin, this prospect could serve as a significant catalyst.

Also Read: Notcoin (NOT) Surges 3.4% Amid Bearish Pressure: Can It Break $0.0104 or Will a Decline Follow?

Notcoin is currently in a fragile phase, with technicals pointing toward a possible bullish reversal but requiring confirmation. A weekly close above $0.0030 would be a strong signal that a new uptrend is underway, offering potential gains of up to 300%. Meanwhile, short-term support at $0.0019 remains crucial to prevent further downside.

Investors should watch these key levels closely and consider market developments like potential Coinbase listings that could impact Notcoin’s trajectory.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses