Optimism (OP) Eyes 340% Surge: Will Notcoin (NOT) Reach the Next Target?

Analyst Highlights Potential Upside for Optimism (OP) and Notcoin (NOT)

Crypto analyst Ali Charts has identified potential bullish trends for both Optimism (OP) and Notcoin (NOT). In a recent analysis shared on social media platform X, Ali Charts pointed out promising technical setups for each token, suggesting a possible breakout for OP and a reversal pattern for NOT. Both tokens currently sit at critical levels, with indicators hinting at potential gains if the patterns play out as anticipated.

Optimism (OP) Targets 340% Gain with Ascending Triangle Formation

Ali Charts observed that Optimism (OP) has formed an ascending triangle, a chart pattern often linked with bullish market movements and breakout scenarios. In this setup, OP has been consolidating within the triangle, showing higher lows while encountering consistent resistance at the upper boundary. This setup suggests a buildup toward a potential breakout.

• Pattern Analysis: The ascending triangle has been a reliable indicator of bullish continuation for OP in past trends.
• Historical Performance: Ali Charts noted that previous rallies following this pattern have led to substantial price increases for OP.
• Current Target: Using the Fibonacci retracement tool, Ali Charts identifies the 1.618 Fibonacci extension level as a potential target at $7.20, representing a 340% gain from OP’s current trading price of $1.80.

Fibonacci Levels Reinforce Optimism’s Price Target

The Fibonacci 1.618 extension level has acted as a critical resistance for OP, often marking a point where rallies tend to either pause or reverse. According to Ali Charts:

• Key Levels: The 1.618 Fibonacci extension level is currently at $4.77. Breaking past this could enable OP to continue upward toward $7.20.
• Historical Data: Previous rallies originating from ascending triangles on OP’s chart have yielded gains up to 181.38%, supporting a similar potential breakout in the current scenario.
• Support Zone: A horizontal support level around $1.06 provides a solid base for OP’s potential bullish movement.

Notcoin (NOT) Eyes Breakout from Falling Wedge Pattern

Ali Charts also analyzed Notcoin (NOT), noting its position near a breakout point from a falling wedge pattern. Typically seen as a bullish reversal pattern, a falling wedge suggests that NOT could experience an upward breakout if it surpasses the wedge’s upper boundary.

• Breakout Potential: A successful breakout could drive NOT to a target price of $0.012, indicating a potential gain of over 76% from its current level of around $0.0074.
• Recent Price Movement: As of publication, NOT trades at $0.007984, gaining over 8% in the last 24 hours, showing increased market interest.

Support and Resistance Levels for NOT’s Bullish Reversal

The falling wedge’s lower trendline has provided strong dynamic support during NOT’s recent downtrend, helping to stabilize the price. Key support and resistance levels include:

• Dynamic Support: The wedge’s lower trendline has been crucial in maintaining price stability.
• Horizontal Support: A base around $0.006 reinforces the bullish setup, providing stability for a potential upward move.
• Confirmation of Breakout: Ali Charts emphasizes that NOT must break above the wedge’s upper boundary for a confirmed bullish reversal. A failure to breach this level may lead to further consolidation or a decline.

If these chart patterns play out as anticipated, both Optimism (OP) and Notcoin (NOT) could see substantial gains, positioning them for strong upward movements in the near term.