NOT Token Breaks Wedge Pattern and Targets $0.010 $0.012 and $0.016

NOT bounced from the wedge and now trades above $0.0023 while heading toward the $0.010 resistance.

Volume continues to build after breakout which helps confirm the upward move across all short timeframes.

Support near $0.0009 held strong and price is now showing early signs of trend change toward higher targets.

NOT/USDT has broken out from a falling wedge pattern, rising 3.76% to trade at $0.002348 after bouncing from a demand zone. Accumulation now appears complete as price confirms its exit from a prolonged downtrend. Rising volume supports this move, with targets now set at $0.010, $0.012, and $0.016.

Source: X

According to the weekly outlook shared on June 4, the token has maintained strength above the $0.002176 level and closed above resistance. The current pattern points to renewed bullish activity after a long correction. Traders now watch closely as breakout confirmation gains traction across timeframes.

Will this bullish structure lead to a full reversal or face resistance before hitting key targets?

Falling Wedge Pattern Breaks Cleanly

The chart reveals a multi-month falling wedge that formed from mid-2024 to early 2025. This pattern typically signals a trend reversal once price escapes the narrowing range. NOT’s breakout from the upper wedge line confirms that bullish reversal conditions are now in place.

Support has been established around the $0.000895 level, a zone repeatedly tested during accumulation. The recent upward breakout from this zone aligns with traditional technical expectations for wedges. Each move now builds upon higher weekly closes and volume growth.

Breakout momentum becomes more likely when paired with rising volume, as seen in this current pattern. If the structure holds, then continuation above $0.003 could quickly bring $0.010 into play. That target aligns with a significant resistance level last visited several months ago.

Demand Zone Offers Strong Base

The demand zone, marked from $0.000895 to $0.001914, served as a reliable base throughout 2025’s market low. The token bounced multiple times from this range, validating the zone’s strength. Accumulation behavior was visible through tight price action and stable candle formations.

This bounce began the recovery phase, giving way to the falling wedge breakout. As price now trends upward, the lower levels continue to act as structural support. Traders are using this range as a stop-loss reference for new entries.

With price now trending upward, previous resistance levels act as targets. A return to the $0.010 zone would signal a completed reversal phase. Further movement to $0.012 and $0.016 would indicate momentum-driven expansion.

Breakout Confirmation Eyes Volume Surge

Volume is showing a notable rise, indicating growing interest as breakout confirmation nears completion. The next leg depends on consistent volume levels to sustain upward pressure. Momentum will need to remain stable for targets to be reached in sequence.

The breakout candle itself was paired with a strong upward wick and wide body, showing renewed buyer control. This kind of volume spike often precedes further moves. Each resistance zone broken from here would add strength to the ongoing rally.