Telegram Gaming Token Has Potential to Surge by Over 40%, Claims Crypto Analyst
According to a prominent crypto analyst, a Telegram-based gaming token could experience significant rallies in the near future. Ali Martinez, who has a substantial following on the social media platform X, asserts that the Supertrend Indicator for Notcoin (NOT) has displayed a bullish signal. This indicator provides buy and sell signals based on price action and volatility. NOT serves as a community token for the well-known Telegram-based tap-to-earn mining game, Notcoin. Martinez suggests that increased buying pressure may propel NOT to reach a price range of $0.012 to $0.014, representing a potential gain of over 40%. At present, NOT is trading at $0.000976, and it has already risen by over 13% in the past 24 hours, making it the 86th-ranked crypto asset by market capitalization.
In addition, Martinez highlights that Maker (MKR), a decentralized finance (DeFi) protocol, seems to be forming an inverse head and shoulders pattern in the four-hour time frame. This pattern is generally considered a bullish reversal signal as it indicates that buyers are becoming active without waiting for prices to revisit recent lows. According to the analyst, this pattern suggests a potential breakout of 12% for MKR, which is currently trading at $1,700. Ranked 65th by market cap, MKR has already increased by more than 5% in the past 24 hours.
However, Martinez also points out that the Tom DeMark (TD) Sequential indicator has signaled a bearish trend on the daily chart for Chainlink’s native asset, LINK. This signal suggests the possibility of a brief correction. The TD Sequential Indicator is commonly used by traders to forecast potential trend reversals for tokens by analyzing the closing prices of the previous 13 bars or candles. LINK is currently trading at $12.72 and ranks 17th in terms of market capitalization, with a slight increase of over 1% in the past 24 hours.