Notcoin has been in a steady downtrend since dropping below the $0.01 support level on Aug. 24. After falling further beneath the Fibonacci Pivot support at $0.00986, the bearish outlook worsened on Aug. 26 with the news of Telegram founder Pavel Durov's arrest, leading to a 12.47% drop. Notcoin is currently trading at $0.00754, down 34% from its Aug. 24 price.

The asset’s Relative Strength Index (RSI) has dropped to 32, indicating that Notcoin is nearing oversold territory. A break above $0.00772 could lead to consolidation or a potential recovery, but the declining RSI suggests continued bearish pressure, with support at $0.00640 if the decline persists.

A rebound toward the Pivot level of $0.00986 could signal recovery, but bulls would need strong momentum to challenge resistance at $0.01200. Without significant buying interest, Notcoin risks further losses, making current support levels crucial.