Bearish forces dominate Notcoin - But 2 indicators suggest the price hasn't completely collapsed yet.

The price of Notcoin (NOT) has fallen nearly 14% in the past week and lost 28% in the last three months, missing out on the overall market rally. Currently, the price is only about 19.4% higher than the ATL (lowest level ever reached), indicating a rather negative situation.

Typically, strong selling pressure at low price levels rarely brings positive signals. However, there are still two important factors that could change the situation if they converge in a favorable direction for Notcoin.

Inflow to the exchange increases – Retail investors panic, whales continue to buy

In the past 7 days, the inflow of funds into the exchange has increased by 6.5%, raising the total balance on the exchange to 30.39 billion NOT. This is a clear sign of selling pressure from individual investors, especially as the price of Notcoin is fluctuating near the ATL.

The inflow of funds into the exchange continues to increase sharply | Source: NansenIt is noteworthy that the top 100 wallets are continuously in net buying during this period. If the trend of accumulation by whales continues, while the inflow of funds into the exchange slows down and reverses to outflow(, market sentiment may begin to improve.

However, currently the selling force near the bottom still dominates, causing the bulls to be in a defensive position. On the daily time frame, the pressure from the bears continues to increase, signaling that the bearish trend is still prevailing in the market.

![])https://img-cdn.gateio.im/webp-social/moments-5d5536e5eda570edf328fe3a25efa3ac.webp(The bear market is taking control | Source: TradingViewThe Bull-Bear Power Indicator is a technical analysis tool used to measure buying and selling pressure in the market.

The risk of a "Death Cross" is near

The technical setup of Notcoin is sending out a serious warning signal. On the 4-hour chart, NOT has repeatedly shown the "death cross" pattern in recent sessions – each time accompanied by a strong fall. Currently, the light green EMA 100 ) is approaching a cross below the dark green EMA 200 (, signaling that a new death cross could form.

![])https://img-cdn.gateio.im/webp-social/moments-1653d48b40a53c27981dae1a855ed1ef.webp(The risk of forming a Death Cross | Source: TradingViewIf this signal is confirmed while the inflow of funds to the exchange remains high, there is a high possibility that the price will return to test the $0.0018 area or establish a new bottom. This chart structure reflects the same bearish momentum seen before previous downturns, reinforcing short-term risks.

The Last Ray of Hope: Bullish Divergence on CMF

The only positive sign on the chart comes from the Chaikin Money Flow )CMF(. Although the price made lower lows from August 5 to August 14, the CMF made higher lows – an early sign that selling pressure may be easing.

![])https://img-cdn.gateio.im/webp-social/moments-065e5003b2dd1d632df9760300796ea5.webp(Technical analysis of NOT | TradingViewHowever, the CMF still remains in the negative zone, meaning the market is still under selling pressure. For this divergence signal to be truly meaningful, the CMF needs to surpass the 0 level, supported by a significant increase in the accumulation of the top 100 addresses and net outflows from exchanges.

Vincent