Toncoin (TON) & Notcoin (NOT) Price Analysis: Weekend Trade May Bring New Upswing Despite Market Bloodbath

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

The crypto markets are attempting to navigate the recent bearish trend, with major tokens striving to prevent further losses. Notably, the launch of the spot Ethereum ETF served as another ‘sell the news’ event, leading to a substantial pullback in ETH's price compared to other altcoins. This initially left the other altcoins in a state of uncertainty. However, some altcoins appear poised to maintain a healthy ascending trend in the coming period.

Among these altcoins, Toncoin (TON) and Notcoin (NOT) have been exhibiting resilience in the face of the bearish heat as the markets approach the end of the monthly trade.

Toncoin (TON) Price Eyes at 10% Upswing This Weekend

Toncoin price is forming a bullish scenario on the technical chart as it attempts to maintain a upswing from the interim lows before testing the monthly lows. The bulls have been eyeing the token closely for the past few months, and one strong upswing is expected to gain fresh buying volume. Hence, the TON price is expected to rise higher in the coming week if the token maintains certain levels over the weekend.

The TON price was trading within a rising wedge, and as a result, a breakdown from the lower support was on the cards. The price encountered a 15% down move, and after hitting the local lows, a rebound occurred in the early trading hours. The RSI is showing a bullish divergence, but the supertrend is still bearish. Hence, the Toncoin (TON) price is expected to maintain an ascending consolidation and surge above $7.2 in the upcoming weekend. If the bulls sustain within this range, the price may hit a double-digit figure in the next coming week.

Notcoin (NOT) Price Struck Within a Decisive Phase

Notcoin has been performing exceptionally well since the beginning, and the bulls have maintained a strong grip over the token despite the significant bearish influence. The volume remains grounded, which might affect the rally, but the weekend trade could change the narrative for the token. A bullish rebound is on the cards for the NOT price, which could lead to a 12% upswing in the next couple of days.

The NOT price has been stuck in a bearish trend ever since it managed to secure the highest levels but maintains a decisive phase. The price is approaching the apex of the decisive triangle, which could trigger a huge price action. The volume has marked the ground level, and as indicated by the MACD, the selling volume is decreasing. Moreover, the DMI, which flashed bearish signals, is on the verge of a bullish crossover. Hence, the Notcoin price is expected to trade within a range-bound zone, begin a fresh upswing, and breach the resistance levels between $0.016 and $0.017.

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