Notcoin (NOT) has been on a downward trend since its January peak of $0.02836, losing over 70% of its value. Currently, NOT trades at $0.008488, down 4.8% in the past 24 hours. Despite this decline, technical analysis suggests a potential short-term rebound as the asset shows signs of being oversold. Key levels to watch for a rebound are $0.0975 to $0.01018, and if breached, $0.0123 to $0.0129.

Beyond technicals, fundamental data paints a mixed picture for Notcoin. Open Interest increased slightly by 0.53% to $145.80 million, but Open Interest volume dropped by 42% to $783.92 million, indicating waning trader confidence. Additionally, whale activity has decreased significantly, with large transactions falling from 101 last week to just five.

This reduction in major investor activity suggests limited confidence, which may hinder a strong rebound for Notcoin in the near term.