Notcoin prices have been revised to almost 14% over the past week and 28% over the past three months. It has failed to participate in a wider market gathering, and its price action is now 19.4% above its record low.
Large sales near these levels are rarely bullish signals, but a close look reveals two metrics that can affect the outcome even when tailored to Notcoin’s favor.
Exchange influx indicates panic sales despite whale purchase
Over the past seven days, exchange inflows have risen by 6.5%, with total exchange balances not reaching 303.9 billion. This is a clear indication of retail-driven sales pressure, especially as Notcoin prices are approaching an all-time low.
Interestingly, during this period the top 100 addresses were net buyers. These large holders may start to change market sentiment as they continue to accumulate while the exchange inflow slows and eventually reverses into the outflow.
But for now, selling pressure near lows remains a dominant force, leaving the bull on defense. In the daily time frame, bearish forces are also increasing, indicating that sellers are still determining momentum.
The Bullbear Power Indicator is a technical analysis tool used to measure buying and selling pressure in the market.
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The risk of death crossover is approaching
The Notcoin technical setup is flashing the main red flag. The four-hour chart has formed multiple death crossovers in recent sessions, each showing a sharp price drop. The next one is looming – the 100th period EMA or exponential moving average (Sky Blue Line) is trapped in the cross below the 200th period EMA (Deep Blue Line).
Ensuring that this crossover remains high inflow of exchanges could potentially retest $0.0018 or accelerate the path to setting a fresh lowest. This chart structure reinforces short-term risks, reflecting the same bearish momentum seen before previous decline.
The exponential moving average (EMA) tracks price trends, but gives more weight to recent data. A crossover occurs when a short-period EMA passes through a long-period EMA. It shows a possible change in trend.
One bullish emanation standing on Notcoin price chart
The only constructive sign on the chart comes from Chaikin Money Flow (CMF). Prices were lower between August 5th and August 14th, but CMF printed a higher and lower value.
However, CMF remains in the negative realm. In other words, the market is still under net sales pressure. To diverge to this importance, the CMF must exceed zero. This is supported by a visible increase in the accumulation of the top 100 addresses and a switch to net exchange outflow.
Chaikin Money Flow (CMF) measures buying and selling pressure using prices and quantities. CMFs above zero indicate purchase strength, while those below zero indicate sales pressure.
If that alignment occurs, it will allow bounces to $0.0019-0.0020. But up until then, a break below $0.0018 remains a likely outcome to bring the risk of new history lows and lows to a very vibrant point. And if that happens, the Notcoin price could mean retesting an all-time low of $0.0016 or Head Lows.
Postknotcoin is in control – two metrics suggest that it “not” in free falls, but first appeared in Beincrypto.
