- NOT breached a demand zone with oversold RSI, signaling uncertainty despite a buy signal.
- Declining Open Interest and weak address activity dampened recovery hopes.
Notcoin [NOT] has been grappling with significant market pressure, trading at $0.004317 at press time, down 13.16% in the past 24 hours.
Despite this, the TD Sequential indicator on the daily chart has flashed a buy signal, sparking speculation of a potential trend reversal.
Although this pattern often suggests the end of a downtrend, the broader market sentiment seems skeptical. Can this indicator’s signal lead to a sustainable rebound for NOT, or will the bears maintain their grip?
How severe is NOT’s breakdown?
The price action has been consistently bearish, with NOT breaching its key demand zone around $0.005662.
This critical level, which had previously acted as strong support, has now turned into resistance, further hindering any recovery attempts.
Additionally, the RSI sat at 26.24 at press time, indicating that NOT was heavily oversold.
However, oversold conditions do not guarantee a recovery, and buyers must step in aggressively to reverse the bearish momentum. Without substantial volume and a breakout above $0.005662, the downtrend may persist.
Source: TradingView
Are address stats signaling recovery?
The address statistics show alarming declines, raising concerns about user activity.
Active addresses have dropped by 58.73% over the past week, while new addresses are down by 67.91%, highlighting weakening engagement with NOT.
Furthermore, zero-balance addresses have fallen by 63.28%, showing fewer transactions being initiated. These figures reveal a lack of interest from retail participants, which could significantly slow any recovery.
However, the token may attract fresh interest if positive momentum begins to build in the coming sessions.
Source: IntoTheBlock
Do transaction patterns offer hope?
Transaction statistics offered a mixed outlook, leaving traders uncertain. Transactions in the $100–$1,000 range have surged by 46.58%, suggesting interest from mid-tier investors.
Similarly, transactions between $1,000–$10,000 increased by 21.92%, potentially reflecting accumulation by higher-value traders.
However, microtransactions below $10 have fallen by 17.08%, and the overall transaction count remains weak. Therefore, while there are pockets of optimism, the overall picture does not yet confirm a strong recovery.
Source: IntotheBlock
Why is Open Interest shrinking?
Open interest in USD across exchanges for NOT has fallen sharply to $20.62 million, underscoring a lack of speculative activity.
This decline shows traders are pulling back, reflecting uncertainty about NOT’s future price movements.
Moreover, reduced Open Interest also suggested that short-term price swings may not attract substantial attention unless a major catalyst emerges.
Source: Santiment
Read Notcoin’s [NOT] Price Prediction 2024–2025
Can Notcoin rebound?
NOT faces considerable challenges despite technical indicators signaling a potential reversal. Declining address activity, mixed transaction patterns, and reduced open interest all point to bearish sentiment.
While a rebound is possible if buyers capitalize on oversold conditions, sustained recovery seems unlikely without strong volume and renewed market confidence.
