Altcoin season may be on the horizon as some tokens are showing positive performance. Notcoin (NOT) has experienced a significant price increase of 275% in the last seven days, potentially indicating a higher value in the future. The project recently conducted an airdrop of tokens to users who participated in its play-to-earn game, which may have contributed to the price surge.
Pyth Network (PYTH) has also shown good performance, with a 5.18% increase in the last 24 hours. The Relative Strength Index (RSI) for PYTH suggests a bullish momentum, and Fibonacci levels indicate potential resistance levels at $0.45 and $0.48.
On the other hand, Internet Computer (ICP) and Filecoin (FIL) have not experienced significant price hikes and have traded within a tight range. However, there are discussions suggesting that NOT could be the token leading the altcoin season and bringing relief to other lagging cryptocurrencies.
For NOT, the buy/sell volume and Awesome Oscillator (AO) indicate a potential continued upward momentum. The golden cross of the 20 EMA and 50 EMA further supports the bullish prediction, with a short-term target of $0.025. However, if there is a significant profit booking, the price could fall to $0.015.
As for PYTH, the RSI suggests bullish momentum, and Fibonacci levels indicate potential resistance at $0.45 and $0.48. If PYTH surpasses the overhead resistance, the price may climb to $0.50.
ICP’s Moving Average Convergence Divergence (MACD) is bullish, indicating potential upward movement. The 12 EMA needs to rise further above the 26 EMA to validate this prediction. If this occurs, ICP might target the $13.11 resistance level. The Money Flow Index (MFI) suggests capital is pushing ICP’s price higher.
FIL has not experienced significant buying pressure recently, as shown by the flat Accumulation/Distribution (A/D) line. The Bollinger Bands (BB) also indicate low volatility. Therefore, FIL may consolidate in the short term, with a potential price range between $5.69 and $5.84.
Please note that this analysis is for informational and educational purposes only and should not be considered financial advice.