Telegram Gaming Token Could Surge by Over 40% Based on a Trend Indicator, According to Crypto Analyst

One indicator suggests that rallies are on the horizon for one Telegram-based gaming token, according to a popular crypto analyst.

Ali Martinez tells his 72,600 followers on the social media platform X that Notcoin (NOT) flashed a bullish signal on its Supertrend Indicator, which provides buy and sell signals based on price action and volatility.

NOT is a community token for the popular Telegram-based tap-to-earn mining game Notcoin.

Says Martinez,

“Increased buying pressure could potentially push NOT toward $0.012 to $0.014.”

Source: Ali Martinez/X

With NOT trading at $0.000976 at time of writing, a jump to $0.014 would represent a gain of more than 40%. The 86th-ranked crypto asset by market cap is already up over 13% in the past 24 hours.

Martinez also notes the decentralized finance (DeFi) protocol Maker (MKR) appears to be forming an inverse head and shoulders pattern in the four-hour time frame. An inverse head and shoulders structure is typically considered a bullish reversal pattern as it indicates that buyers are no longer waiting for prices to revisit recent lows before stepping in.

The analyst notes the pattern indicates a possible 12% breakout for MKR, which is trading at $1,700 at time of writing. The 65th-ranked crypto asset by market cap is up over 5% in the past 24 hours.

Source: Ali Martinez/X

Conversely, Martinez notes that the Tom DeMark (TD) Sequential indicator presented a bearish signal on the daily chart for LINK, the native asset of the decentralized oracle network Chainlink. The signal indicates the possibility of a brief correction.

Source: Ali Martinez/X

Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles.

LINK is trading at $12.72 at time of writing. The 17th-ranked crypto asset by market cap is up more than 1% in the past 24 hours.

Generated Image: Midjourney

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