Despite the overall sluggish market trend, Notcoin (NOT) has shown signs of strength, attempting to stabilize and initiate an upswing. While trading activity remains subdued, hopes of a bullish trend towards a new all-time high (ATH) persist.

Currently, NOT price is trading within a falling wedge pattern, indicating the potential for a bullish breakout. However, technical indicators suggest a minor pullback may precede this breakout. The Ichimoku cloud remains bearish, while the stochastic RSI suggests a short-term pullback towards the lower support around $0.016.

The MACD remains bullish, hinting at a potential upswing in the near future. Additionally, as Bitcoin consolidates, the overall market, including Notcoin, may experience a small squeeze. However, whether this leads to a fresh bullish spell depends on the strength of the bulls.

To form a new ATH above $0.03, bulls need to show strength, particularly around the key resistance zone near $0.025. Failure to do so may result in continued consolidation within a range, with minor price movements.