Notcoin (NOT) Price Prediction – How Low Can $NOT Go?

The Notcoin price has corrected by more than 11% to start the week after it failed to flip the $0.20 resistance. The continued weakness in altcoins and growing macroeconomic concerns are also contributing to the selling pressure on NOT.

Notcoin (NOT) price has started the week on a sour note with an 11% price correction after failing to flip the $0.20 resistance.

The selling pressure on NOT is also mounting due to the continued weakness in altcoins and growing macroeconomic concerns.

Notcoin is currently trading at $0.018 with a market capitalization of $1.85 billion. However, experts are gearing up for more downside in the coming days.

Notcoin Price Prediction – How Low Can $NOT Go?

During its rally over the past few days, Notcoin’s Cumulative Volume Delta (CVD) and Open Interest declined even as its price increased.

For instance, $NOT’s aggregated OI is down by nearly 12% over the past 24 hours and 20% from Friday, data from Coinalyze reveals.

This is a typical bearish signal that often indicates a reversal in uptrending cryptocurrencies. As projected, the $NOT price is down by over 11% today on Monday, with experts gearing up for more downside.

Popular analyst Crypto Patel identifies $0.0165 and $0.012 as the two downside price targets to watch out for the Telegram-based play-to-earn token.

The $0.015 price point could also act as crucial support, considering the Notcoin price created a local bottom at this level last week and followed it with a 40% rally.

Bullish investors also need to prepare for the “max pain” scenario if Bitcoin falls to $60,000. Even as NOT shows an impressively low correlation with BTC, it would be hard for any mid-cap altcoin to disregard a 10% correction in the Bitcoin price.

In such a scenario, the aforementioned $0.012 price target becomes an important support level for Notcoin and could also emerge as an excellent “buy the dip” opportunity for sidelined investors.