In the last 7 days, NOT has experienced 12.20% decline. Despite the recent gains, market sentiment shows a downside.
has experienced a downside in the last seven days with a 12.20% decline. However, during the previous 24 hrs, it has experienced a 2.95% surge.
The recent decline in NOT and other altcoins has captured the attention of various crypto analysts. One such figure is“Most Alts probably have a bit more downside to go, and I’m more waiting for BTC to be in a super healthy state before alts start to move.”Most altcoins were facing a hit because of BTC’s volatility, with investors fearing other cryptocurrencies after BTC fell from $72k to $65k.Why is Notcoin distinct?With the current support level at $0.
The 50 RSI is mostly viewed as a bullish market sentiment, but the indecisiveness at this point can lead to a downside.According to Coinglass, total liquidation data shows higher short than long positions. Short position liquidation was at $593k at press time, compared to $244k for long positions.Data from Santiment further showed that NOT was in a consolidation phase with lower social dominance.At press time, NOT was enjoying market stability with increased positive market sentiments.
With the critical support level around $.150, accompanied by gains on daily charts, the altcoins can continue with the momentum and build on the gains.Gladys is a passionate crypto-enthusiast and price analyst. With 3 years of experience in the blockchain space, she's well aware of the prevailing market trends. Gladys is uniquely committed to providing insightful and real-time content to the larger crypto-community.Subscribe to get it daily in your inbox.
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