Notcoin

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-reduce-activity-in-notcoin-market/" data-wpel-link="internal">Whales Reduce Activity in Notcoin Market</a> 
Telegram’s recent tap-to-earn project Notcoin (NOT) shows a decline in whale activity due to a drop in the <a href="https://en.coin-turk.com/synthetix-enables-users-to-create-new-cryptocurrencies/" data-wpel-link="internal">altcoin</a>‘s price. Since early August, major <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> in NOT have been one of the main reasons for the double-digit declines in the altcoin during this period, as they have been selling more than buying. 
<h2 style="text-align: justify" id="notcoin-whales-fleeing-the-market">Notcoin Whales Fleeing the Market</h2> 
On-chain <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data reveals</a> a noticeable decline in daily transaction volume linked to major NOT investors. According to data provided by IntoTheBlock, there was a 74% decline in buy/sell transactions involving whales with transactions between $100,000 and $1 million. Additionally, transactions between $1 million and $10 million also saw a 21% decline. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381787" src="https://coin-turk.com/wp-content/uploads/2024/08/not-1-yorum-coin-turk-com.png" alt="" width="461" height="281"> 
This decline in large transactions could indicate a negative trend due to its adverse effect on the asset. Individual investors may perceive a lack of confidence in the asset when they notice a decline in whale trading activities. This can often lead to increased selling pressure and continuous price drops. 
Confirming this, the net flow of major NOT holders saw a 98% decline over the past 30 days. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381788" src="https://coin-turk.com/wp-content/uploads/2024/08/not-2-yorum-coin-turk-com.png" alt="" width="482" height="274"> 
<h2 style="text-align: justify" id="what-will-not-s-price-be">What Will NOT’s Price Be?</h2> 
NOT has been trading within a horizontal channel indicating consolidation since August 6. This suggests that neither bears nor bulls have shown the necessary strength, and the price lacks a definitive direction. During the same period, the RSI value also remained flat, indicating no significant overbought or oversold conditions in the market. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381789" src="https://coin-turk.com/wp-content/uploads/2024/08/not-3-yorum-coin-turk-com.png" alt="" width="492" height="229"> 
As of the time of writing, NOT is trading at $0.01057 after a 3.46% drop in the last 24 hours, with a 30% decline over the past 30 days. However, if NOT breaks its narrow range within the channel upwards, the price could move towards $0.13. If the trend is downward, the price could fall below the lower boundary of the horizontal channel, potentially dropping to $0.008. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/whales-reduce-activity-in-notcoin-market/" data-wpel-link="internal">Whales Reduce Activity in Notcoin Market</a></h5>
The post <a href="https://en.coin-turk.com/whales-reduce-activity-in-notcoin-market/" data-wpel-link="internal">Whales Reduce Activity in Notcoin Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Whales Reduce Activity in Notcoin Market

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