Notcoin (NOT) Takes a Hit: Could the Downtrend Worsen Further?

• With a 4% loss, Notcoin is hovering around the $0.0021 range.
• NOT’s CMF value indicates that money is flowing out of the asset.

All the major assets are charted in red, eyeing the downside, with the crypto market losing momentum. The largest assets like Bitcoin (BTC) and Ethereum (ETH) have fallen to reclaim the recent lows in the morning hours. The bearish pressure has triggered the price action of the digital assets to retrace

Meanwhile, Notcoin (NOT) has slipped with a 4.21% loss in value following the bear power. NOT began trading the day at around $0.002277. Eventually, the wave of bears took the asset’s price down to a low range of $0.002118

The CMC data has shown that at press time, Notcoin trades within the $0.002166 mark, with the market cap reaching $215.42 million. Moreover, the daily trading volume of NOT is up by over 6.76%, likely touching the $32.43 million level.

The asset has recorded a brief spike in the last seven days. Notcoin’s weekly low was marked at around the $0.0019 range. With the bullish presence, the price has climbed toward $0.0023. Also, it has managed not to drop below the $0.0021 zone

Will Notcoin Recover Soon?

With the bears gaining strength, the Notcoin price might fall to the $0.002161 support. An extended downside correction could trigger more losses, and the price would revisit the established low ranges between $0.002156 and $0.002150. If the bullish pressure rises, the asset’s price could ascend to the nearest resistance at the $0.002171 level. Sturdy bulls might likely take the Notcoin price toward $0.002176 and even higher

*NOT chart (Source: TradingView)*The asset’s Moving Average Convergence Divergence line slipping below the zero line points to the faded bullish trend. As the signal line is above zero, there is some residual positive momentum, but at a risk of turning neutral or bearish if the MACD of Notcoin dips further. In addition, the Chaikin Money Flow (CMF) indicator settled at -0.12 infers a mild selling pressure in the market. Notably, the money is flowing out of the asset.

Notcoin’s daily Relative Strength Index (RSI) value of 47.60 is neutral, leaning slightly toward the bearish side. Furthermore, the Bull Bear Power (BBP) reading of the asset found at -0.000113 is extremely close to zero, which suggests that the buyers and sellers are evenly matched, with no strong directional pressure present.

Highlighted Crypto News

Bear Bite for Fartcoin: Will It Recover or Spiral Deeper After a 21% Crash?