- $NOT breaks out of a multi-week downtrend, reclaiming the $0.00220–$0.00245 zone as support.
- Strong bounce from $0.001875 flips market structure to bullish with higher lows forming.
- Market cap recovers from double-bottom near $195M, pushing back above $210M on August 7.
NOT coin (NOT) just broke out of a multi-week downtrend, flipping key resistance into support. Buyers stepped in hard, and the momentum now points to a potential push toward the $0.003 mark.
Downtrend Broken, Structure Reversed
After weeks of slow bleeding, $NOT finally punched through its descending trendline. The bearish structure that held since mid-July is now broken. What started as a steady climb from the $0.00100 level turned into a controlled decline, with price making lower highs and lower lows.
This downtrend peaked near $0.00260 and dragged price back into a red supply zone between $0.00220 and $0.00245.Marcus Corvinus took to X and shared an analysis on NOT.
Source Marcus Carvinus
Buyers didn’t let it go any lower. On August 1, price tapped the $0.001875 support and rebounded with strength. This wasn’t just a bounce, it was a statement. Price surged past the descending resistance, invalidating the lower-highs structure. More importantly, the old supply zone flipped into support. Price has since held above it, with clean wick rejections near $0.00225 confirming buyer strength.
Market Cap Double Bottom Adds Fuel
Data from CoinMarketCap shows that NOT’s market cap bounced back in tandem with price. The token saw sharp volatility on August 1, with market cap dropping below $195M. The range remained choppy through August 2, but by the 3rd, a recovery took shape
On August 4, market cap peaked above $220M—its highest in a week—before pulling back again. By August 6, another drop near $195M formed what now looks like a textbook double bottom. That second bounce led into a steady climb, with market cap reclaiming $210M by August 7.
At the time of writing, $NOT trades at $0.002092 with a 24-hour gain of 4.26% and weekly increase of 0.78%. Volume stands at $27.48 million, confirming active participation post-breakout.
What to Watch Next
The $0.00225 level is now acting as short-term support after being repeatedly defended. Resistance is stacked at $0.00255–$0.00260. If bulls clear that zone and hold, $0.003 becomes the next logical target.
NOT Coin isn’t just riding hype. With over 35M users and deep Telegram integration via the TON blockchain, it’s one of the few meme coins backed by real Web3 traction. Now, the chart is catching up to the fundamentals.