• Notcoin fell 10% to $0.001924, with a market capitalization $191.43 million.
• 24-hour volume spiked 12.6% to $55.18 million, a reflection of increased volatility and buying on the cheap.
• Sturdy resistance levels at $0.00239, $0.00356, and a potential upside target within $0.01.

Notcoin ($NOT) fell sharply by 10% today, trading at $0.001924. The market capitalization of the token at the moment is $191.43 million, reflecting declining investor sentiment. The abrupt fall follows a few months of bear pressure and has stirred up interest in traders and long-term investors tracking assets of the TON network.

Trading volume surged, and $NOT recorded a 24-hour volume of $55.18 million after adding 12.6%. To analysts, high volume indicates opportunistic buying and panic selling. Short-term traders can leverage volatility, but other investors consider whether the drop offers a tactical entry for the token.

Also Read: Notcoin Price Action Signals Potential Rally Toward $0.003178 Resistance Level

Traders point to broader movements within the TON network and possible profit-taking as the main reasons. These correlated factors seem to have driven the near 10% depreciation, highlighting the sensitivity of the coin to network news and spot trader sentiment in the near-term.

Analysts Target $0.01 After Market Slip

However, the Notcoin community is optimistic and references high historical levels of support. Investors think today’s correction offers a buying opportunity. The community continues to reference enduring network growth, which offers confidence that $NOT can bounce back if trading volume and short-term momentum coincide with favorable projections.

A post on TerraNewsEN noted that $NOT has dropped lower than $0.002, and traders were debating where they could get in. Experts note that as 99.4% of the supply has already made its way into circulation, declines of this type may be enticing to investors hoping to buy ahead of a potential reversal back to $0.01.

Traders Eye Notcoin Short-Term Resistance Zones

According to a recent post by a crypto analyst $NOT has been consolidating in the weekly chart, which signals a break higher if the bulls remain in control. In the short term, resistance levels at the moment remain at $0.00239 and $0.00356, and potentially, there could be a break to $0.00564. 

Buyers can take advantage of levels in any upsurge for short-term profit. Overall market trend continues to remain at high alert, and bear pressure prevails. A rejection of resistance can push $NOT to the $0.00165 zone of support. 

Short-term traders can capitalize on opportunities today, but long-term investors must hold off for confirmation. Observance of market signals, resistance regions, and trade patterns will be what determines Notcoin’s future. The volatility remains high, but the sudden drop could be a buying opportunity for long-term investors.

Also Read: Notcoin Price Holds Above $0.00191 Support: Can It Reach $0.00260?