The cryptocurrency market continues to face challenges, with Notcoin registering a significant drop in its value.
Overall State of the Crypto Market
The cryptocurrency market is trying to recover, but all major assets are in the red. In particular, Bitcoin (BTC) has fallen to the $113.8K level, while Ethereum (ETH) hovers around $3.6K, leading to price declines for altcoins.
Drop in Notcoin's Price
Notcoin (NOT) has emerged as a notable cryptocurrency, dropping 8.07% in price under bearish pressure. Earlier in the day, NOT was trading at $0.002132 but later fell to $0.00195. Currently, it is at $0.001969, with a market cap of $197.21 million and a trading volume surging by 18.47%.
Technical Analysis of Notcoin
Technical indicators for Notcoin show the MACD line below and the signal line above the zero line, indicating bearish momentum. The Chaikin Money Flow (CMF) indicator also registers a negative value of -0.21, indicating selling pressure. The Relative Strength Index (RSI) currently stands at 37.20, indicating a bearish zone.
In light of the current situation in the cryptocurrency market, Notcoin is under significant pressure. While there is a possibility for recovery, current indicators suggest that caution is necessary.
