The cryptocurrency token Notcoin (NOT) is currently facing a bearish trend as it struggles to break above a descending trend line. The token's price may potentially drop by an additional 29% due to declining network activity. On-chain data shows a decrease in daily active addresses and new addresses trading NOT, indicating a lack of interest among traders. Whale activity has also decreased, with a sharp decline in large transactions. Despite a 4% price increase over the past week, the market sentiment remains bearish, as reflected in the persistently negative Elder-Ray Index. If the token fails to break above the descending trend line, it may fall towards its all-time low of $0.0048. However, if there is a shift in market sentiment, the price may climb towards $0.011.



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