- NOT has declined by 20.12% over the past month.
- An analyst predicts a further dip for NOT to $0.0031 as bears dominate the market.
Over the past two weeks, Notcoin [NOT] has faced strong downward pressure. During this period, NOT dipped from a local high of $0.01 to a low of $0.0049.
At press time, Notcoin was trading at $0.0055. This marked a 2.72% drop on daily charts. The memecoin has also dropped on weekly and monthly charts by 8.28% and 20.12% respectively.
This sustained downtrend has analysts worried about further dips. Popular crypto analyst Ali Martinez suggested a potential drop to $0.0031.
Market sentiment analyzed
In his analysis, Martinez observed that Notcoin has broken a key support level and is now on the verge of a potential decline.
Source: X
With this downward movement, NOT could drop to $0.0031 if the conditions remain the same. This arises from reduced demand for Notcoin as most memecoin liquidity is now transferred to the newly launched Trump coin.
When the market sees less demand and increased decline, holders turn bearish, close their positions, and seek refuge elsewhere.
