📉 NOT Faces Heavy Pressure
Notcoin ( $NOT ) is trading at $0.004317, down 13.16% in the past 24 hours. While the TD Sequential indicator has flashed a buy signal, suggesting a potential trend reversal, market sentiment remains skeptical.
🔑 Key Support Turned Resistance
NOT’s price action breached its critical demand zone at $0.005662, turning it into resistance. The RSI at 26.24 shows oversold conditions, but without substantial volume and a breakout above $0.005662, the bearish trend may persist.
📊 Declining Address Activity
Active addresses have dropped 58.73%, and new addresses are down 67.91%, reflecting weak user engagement. Unless positive momentum builds, this decline could delay recovery efforts for NOT.
💸 Mixed Transaction Signals
Transactions in the $100–$10,000 range have surged, showing interest from mid-tier and high-value investors. However, microtransactions fell by 17.08%, and overall activity remains subdued, leaving traders uncertain about recovery.
📉 Shrinking Open Interest
NOT’s Open Interest has dropped to $20.62M, indicating reduced speculative activity. Without a major catalyst, short-term price movements may fail to attract significant attention.
🚀 Can NOT Recover?
Despite oversold conditions and potential reversal signals, declining engagement and weak Open Interest suggest challenges ahead. A recovery is possible but depends on strong buyer activity and renewed market confidence.
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