The cryptocurrency market is currently experiencing a downturn, leading to significant drops in the value of many digital assets. Despite the overall decline, specific tokens such as CORE, SEI, and Notcoin's NOT have witnessed more substantial price decreases, making them notable among the top 100 cryptocurrencies. The reasons behind the crash of these three cryptocurrencies are worth exploring.

CORE: Fundamental Concerns Reflected in Price Movements

The decline in CORE's price started earlier than the general market downtrend, initiating in April. From an initial value of $4.38 on April 2, the price has steadily decreased with minimal recovery periods, reaching the current trading value of $0.87, marking an over 80% drop from its peak in April.

The price of CORE has consistently interacted with a descending trendline, serving as a persistent resistance level.

CORE's struggles may stem from fundamental metrics rather than just technical price actions. Despite a spike shortly after its launch in early 2023, the token has been on a downward trajectory, trading sideways since. Lack of significant adoption following its compatibility with the Ethereum Virtual Machine (EVM) could be a contributing factor to the sustained price decline.

SEI: Addressing Market Disparities

SEI's price began declining before the broader market recession, commencing in mid-March after a remarkable rally of over 1,000% between October and March.

Since then, the price has been rectifying the market imbalance from the initial surge, dropping from $1.14 to the current $0.24. It is currently approaching a critical support level where a temporary reversal might occur.

Notcoin (NOT): Post-Launch Decline

Notcoin, following its launch, garnered attention by promoting Telegram gaming projects extensively. Initially rallying beyond expectations, the project has witnessed a consistent decline since early June, potentially due to diminishing hype surrounding it, leading some to secure their profits.

This decline could be a necessary retracement within the space created by the initial hype. Sustaining the current support around $0.007 is crucial to avoid a prolonged downtrend.

In the ever-evolving crypto landscape, understanding the underlying factors influencing the price movements of specific tokens like CORE, SEI, and NOT can provide valuable insights into the market's dynamics and the challenges faced by individual projects.