Notcoin (NOT), affected by Pavel Durov's arrest, saw its price drop from $0.010 to $0.009. Despite the downtrend, recent indicators suggest a potential recovery.
Currently trading at $0.0093, Notcoin shows signs of increased network activity. New and zero-balance addresses have risen significantly, indicating user interaction despite price drops.
Market participants view the price decline as a discount, leading to increased buying activity. The sentiment around NOT remains negative, but historically, the price has rebounded when sentiment is low.
With an MFI reading of 18.30, indicating an oversold state, the price could rebound short-term if buying pressure builds. However, further negative news could cause further declines.
