Price Analysis: Notcoin (NOT) Faces Continued Downtrend as Bears Maintain Grip of 10.35% in the Last 24 Hours–When Will Bulls Take Control?

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Over the last 24 hours, Notcoin (NOT) has experienced consistent bearish pressure, leading to further declines. The overall sentiment remains negative as the token continues to struggle to recover from its prolonged downtrend, which showcased a 10.35% dip. The bearish momentum seems persistent, with price levels lingering around the $0.00754 mark. Analyzing the chart, it’s clear that the downtrend is not yet exhausted, with several indicators suggesting that the bears are still in control.

Moving Averages Signal Persistent Downtrend

The exponential moving averages (EMAs) further confirm the ongoing bearish trend. The shorter-term EMAs, such as the 20-period EMA at $0.00782 and the 50-period EMA at $0.00804, remain below the longer-term EMAs, including the 100-period at $0.00821 and 200-period at $0.00857. This bearish alignment of the EMAs suggests that the price will likely stay under pressure soon. The downward slope of these moving averages reflects the bearish sentiment, indicating that the token’s recovery efforts are stalling.

Bearish Momentum Intensifies

Notcoin’s current position below all major EMAs points to intensified bearish momentum. The recent price action shows a consistent series of lower highs and lower lows, a classic sign of a bearish market structure. Sellers seem to be dominating, and the price has been unable to reclaim the critical moving average levels. The inability to break back above the 20-period EMA further cements the idea that the bearish sentiment is far from over.

The Average Slope Oscillator (ASO) further reinforces the bearish outlook. The ASO indicator showing the red line (71.70) significantly above the blue line (28.29) signals strong selling pressure dominating the market. The large gap between these two lines suggests that the bears are clearly in control, and there is no immediate indication of a reversal in momentum. As the selling pressure intensifies, a further price drop could be on the horizon if buyers fail to enter.

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Conclusion

Notcoin’s price action over the past 24 hours reflects its bearish trend, with several indicators pointing to further downside risk. The alignment of the EMAs and the bearish ASO signal indicate that the bears are still in control of the market. Without significant buying support, the token may drift lower, and even lower support levels may be tested soon.