Mar 8, 2025
6thTrade
Notcoin (NOT) has experienced a sharp decline over the past week, with its price dropping by 19.86%. Currently trading at $0.0023, the token has also fallen by 7.97% in the last 24 hours. This ongoing downtrend has left Notcoin holders in a tough spot, with 100% of holders now sitting at a loss.
Notcoin saw a drop from a local high of $0.0032 to a low of $0.0022, and despite some attempts to regain higher resistance, the overall trend suggests continued bearish pressure. The sustained decline means that no holders are in profit at the moment, with all addresses now “out of the money,” according to IntoTheBlock’s data.
When all holders are at a loss, panic selling could potentially increase, intensifying the downward pressure. If market participants with weaker hands sell off, the price may experience a final flush before finding a bottom. Historically, such scenarios often signal a major bottom after the sellers exhaust themselves, possibly setting the stage for a trend reversal.
Is Notcoin Heading for Further Losses?
As Notcoin holders suffer major losses, analysis indicates that the market sentiment remains strongly bearish. The token has experienced a decrease in demand, with sellers dominating the market. Furthermore, the fully diluted market cap of Notcoin has fallen to an all-time low, suggesting significant sell-offs and a lack of new buyers entering the market.
Large holders (whales) have also contributed to the sell-off, with their netflow dropping dramatically from 4.81 billion to just 15.8 million, as they look to cut losses in a declining market. This increase in selling pressure has overshadowed the potential for recovery.
Adding to the bearish outlook, Notcoin’s Sharpe ratio has turned negative, signaling that the token is underperforming relative to risk-free assets. As a result, investors are turning away from the token, making it less attractive and leading to further capital outflows.
With the current market conditions, Notcoin is positioned for more potential losses. If the downtrend continues, it could breach the critical support level of $0.0022 and fall to a 9-month low of $0.0020. However, if sellers eventually exhaust themselves and buyers seize the opportunity, there could be a reversal, with Notcoin attempting to recover toward $0.0031.
