Notcoin Drops 7.7% in One Day

According to an August 6 analysis published by Bitrue, the Notcoin (NOT) token has suffered a sharp 7.7% decline in the past 24 hours, underperforming the broader crypto market, which fell by around 1.35% (bitrue.com).

Causes of the decline:

Cooling market sentiment: The “Fear & Greed” index dropped from 73 to 60, indicating reduced risk appetite.

Breaking key technical levels: NOT fell below the 7-day and 30-day simple moving averages (SMA). Technical indicators such as MACD are in negative territory, and the RSI sits around 44 — near the oversold zone.

High volatility: 24-hour trading volume increased by nearly 10%, reaching approximately $28 million, suggesting intense trading activity, possibly driven by speculative traders.

Outlook:

Critical support level: The next support is at $0.00175 — if this level holds, it could offer a bridge for price stabilization.

Ongoing risks: Given its history of extreme volatility, including price drops of over 90% from highs, and signs of potential volume manipulation, NOT remains highly speculative and vulnerable to further steep declines.

Recovery potential: With over 900 million Telegram users and 35 million active players, the TON ecosystem still provides growth potential if sentiment improves.

Bottom line: Notcoin is in a challenging phase, with both technical and sentiment pressures pushing the price lower. However, its position within the TON ecosystem and its link to Telegram provide a backdrop where a rebound could occur — though extreme caution is advised.

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