While Bitcoin’s stuck at $58,500, the telegram-based Toncoin and Notcoin witnessed a massive demand surge overnight. With close to double-digit gains, the TON and NOT prices are teasing a bullish rally ahead this week. Will these top altcoins remain top performers this week?
Will The Altcoin $TON Price Surpass $8?
The 4-hour chart shows a streak of seven bullish candles, indicating a strong recovery run for the Toncoin price. Further, the native token of The Open Network (TON) by Telegram has increased by 8.61% in the last 24 hours. The market cap of the Toncoin stands at $17.65B and ranks at #8 in the crypto market.
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With a post-retest bull run of a trending breakout, the TON price forms an engulfing candle and a trend-continuing intraday candle. The altcoin price struggles to surpass the 50D and 100D SMA merger for a potential bearish crossover.
The altcoin trades at $7.06 with a 10.86% surge in trading volume. An uptrend continuation in the altcoin can target the $7.60 and the $8 mark before a rally to $10.
Notcoin Sustains Dominion Over $0.010
With a rounding bottom reversal in the 4-hour chart, NOT price shows a bullish dominance over the $0.010 psychological mark and jumps 4.69% in the last 4 hours. Thus, the bull run can be considered a push from the Toncoin’s rally. With a market cap of $1.17B, Notcoin is on the verge of entering the top 50 coins in the market.
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Further, the broader market shows a shift from meme coins to DeFi and gaming tokens as a new week starts. Hence, the shift in investors’ attention is likely to drive the altcoin bull run further.
Currently, the NOT price trades at $0.01176, with a price jump of 8.58% in the last 24 hours. With a bullish continuation, the altcoin may challenge the $0.015 mark this week, accounting for a 28% surge. However, the bullish recovery must break through the overhead resistance trendline moving along with the 50D SMA.
Source: https://coinpedia.org/price-analysis/will-the-not-ton-altcoins-be-the-top-performers-this-week/