Notcoin Depreciation Overview

Recent Performance

• Not depreciated by 19.86% over the past week
• Notcoin’s dip now leaves 100% of its holders out of the money

Over the past week, Notcoin (NOT) has faced significant downward pressure. The price fell from a local high of $0.0032 to a low of $0.0022. Despite attempts to regain higher resistance, the downtrend may still continue.

As of the latest update, Notcoin was trading at $0.0023, reflecting a 7.97% drop in the last 24 hours. The coin also saw declines of 19.86% weekly and 15.31% monthly.

This ongoing decline has been detrimental to holders. Recent data from IntoTheBlock indicates that all Notcoin holders are currently at a loss, implying that 0% are profiting while 100% are out of the money. This indicates that the current price is lower than acquisition prices for all holders, leading to potential panic selling and further downward pressure.

If weaker hands exit the market, we might see a final drop before hitting the bottom. Historically, such a situation where all addresses are at a loss can signify a major market bottom, as sellers may become exhausted.

Future Trends for Notcoin

With current losses impacting Notcoin holders, AMBCrypto’s analysis shows strong bearish sentiment due to falling demand and dominant selling pressure. Notcoin’s fully diluted market cap has dropped to an all-time low, indicating significant sell-offs with minimal new buyers entering the market. Consequently, there is a consistent trend of lower capital inflows, perpetuating losses and seller dominance.

Large holders, often referred to as whales, have been selling more NOT tokens than buying. Netflow for these holders declined significantly, from 4.81 billion to 15.8 million tokens, revealing an increasing bearish sentiment among major investors.

The absence of capital inflows can be attributed to the escalating risk associated with Notcoin. This risk is highlighted by a negative Sharpe ratio, suggesting underperformance compared to risk-free assets, making Notcoin less appealing to investors.

Under the current conditions, Notcoin is likely poised for further losses. If the trend continues, it may breach critical support at $0.0022 and possibly hit a 9-month low of $0.0020. However, if selling pressure subsides and buyers see a buying opportunity, a reversal to $0.0031 may be attempted.