✅ Bullish Falling Wedge Breakout
The chart shows a clean breakout from a falling wedge pattern, a bullish reversal structure. This marks the end of the long-term downtrend and potentially the start of a new uptrend.
🔍 Key Technical Insights:
Breakout Level: $0.0027–$0.0029 range
Support: $0.00166 (base of wedge & critical invalidation zone)
Pattern Type: Falling wedge with narrowing volatility and bullish breakout
🎯 Price Targets:
Target 1: $0.005699 (first major resistance zone)
Target 2: $0.009607 (measured move of the wedge and previous horizontal resistance)
📈 Technical Outlook:
Breakout is supported by higher lows post-pattern.
Weekly structure now shifts to bullish bias.
Pullbacks toward the breakout area may offer buying opportunities.
⚠️ Invalidation Level:
Drop below $0.00166 would invalidate the bullish setup and reintroduce downside risk.
🔎 Summary:
The setup suggests early-stage bullish momentum. If volume increases and market sentiment supports altcoins, NOT/USDT could aim for over +200% upside from current levels.
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