$NOT

NOT

Notcoin (NOT) Eyes a Return to $0.01 as Investors Wait for Recovery

The price of NOT, which has fallen 28% over the past 30 days, is recovering today. At press time, NOT is trading at $0.0084, suggesting that the broader market sentiment may be stabilizing.

Will the cryptocurrency be able to sustain the rally? This on-chain analysis examines the possibilities.

Sentiment Around NOTcoin Nears a Significant Shift

Exactly three months ago, NOTcoin (NOT) reached an all-time high of $0.028. This spike came a few weeks after a Telegram mining project went viral and distributed a slew of tokens to its users.

Since then, NOT’s price has fallen by 70%, largely due to massive profit-taking and the turmoil surrounding Telegram CEO Pavel Durov.

Despite these hurdles, data from Santiment suggests a shift in sentiment from bearish to bullish. On September 1, the weighted sentiment for Notcoin was -0.66.