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Author: Admin | 2025-04-28
Over the last two weeks, Notcoin (NOT) has been under intense bearish pressure. The resulting memecoin’s market gains have been erased through a sharp drop in value. NOT is trading at $0.0055 at press time and has suffered from a steep decline in performance. NOT Faces Steep Decl...Over the last two weeks, Notcoin (NOT) has been under intense bearish pressure. The resulting memecoin’s market gains have been erased through a sharp drop in value. NOT is trading at $0.0055 at press time and has suffered from a steep decline in performance. NOT Faces Steep Decline in Value The cryptocurrency has been in a persistent downtrend, going from a local high of $0.01 to as low as $0.0049. NOT continues its poor performance to 2.72%- down over the past 24 hours. Further concerns are amplified by 8.28% decreases and 20.12% on weekly and monthly charts, respectively. Analysts blame the downturn on decreased demand for the token and weakened market confidence. The big reason is that Trump Coin has drained liquidity from Notcoin. That memecoin has lost market interest, which has resulted in more potential losses. Weak Demand and Bearish Trends Hit Notcoin A further decline is indicated as Notcoin breaks through a critical support level. If the bearish conditions continue, crypto analyst Ali Martinez projects a possible drop to $0.0031. Reduced buying activity and a large amount of bearish sentiment surrounding the token are contributing to this prediction. Increased trader bearishness has continued to add to selling pressure in the market. Market data shows weighted Sentiment has steadily declined over the last six days. The bearish sentiment and diminishing demand have pushed Notcoin into a problematic situation. Several indicators evince NOT market dominance in bearish notes. Over 51% of traders use daily timeframes to enter short positions while expecting the asset
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