Notcoin (NOT) Price Prediction: Will the Drawdown Continue?

Notcoin (NOT) price was facing bearish pressure and trading in a bearish tone at press time. Amid the recent hype of Telegram, the NOT token was struggling to hold the gains.

NOT price was trading at a three-month low and depicted seller’s dominance. Despite the token’s price remaining in a range for the past month, bears successfully breached the prompt support of $0.0800. They were attempting to reach the 52-week low level near $0.00470.

Notcoin price slipped to a three-month low region and depicted sellers’ dominance. Despite the token’s price remaining in a range for the past month, bears successfully breached the prompt support of $0.0800. They were attempting to reach the 52-week low level near $0.00470.

The Notcoin price could not secure the neckline level of $0.0080 and faced a breakdown this week. Since the beginning of September, NOT price has continued to lose gains. It persistently traded downwards.

At press time, Notcoin traded at $0.00759 with an intraday rise of over 1.19%, displaying a slight up move. It had a market cap of $779.03 Million and a circulating supply of 102.71 Billion.

Notcoin’s RSI curve was hovering in the oversold region and showed a bearish momentum. A declining RSI indicated that investors were continuously selling their NOT tokens.

However, the Chaikin Money Flow (CMF) indicator suggested that the altcoin was struggling to attract significant inflows from investors. The lack of substantial inflows hinted at the decreased confidence among the investors, hence the significant price decline.

Trading below the key EMAs, the token has delivered a sustained downmove. It failed to attain traction over the past few weeks.

The recent price action showed consolidation and conveyed a lack of volume support. Since the inflows are not strong enough, the token could see further declines ahead.

The Notcoin price’s recent correction over the last couple of days brought the altcoin to a severe downtrend. That resulted in heightened selling pressure and a significant underperformance.