The meme coin, which surprised investors last week, more than quadrupled to $0.02836, is now falling as bulls try to hold support at $0.02. Cryptocurrency's most viral meme coin is back in the red after leading a sharp rally since last week. Notcoin sellers are gradually trimming their 302% gain in two weeks, leaving bulls breathless.

The token has maintained a 120% gain over the past seven days, but the past 24 hours have been negative, with declines reaching 12% during US business hours on Wednesday. Before the correction, NOT rose to a new all-time high of $0.02836. Investors who bought this viral tap-to-earn meme coin at its all-time low of $0.004611 gained more than 300% from their initial investment.

### Why is Notcoin decreasing?

Profit taking is one of the main factors causing instability in the market. Early investors quickly cashed out for profits, which they likely distributed to Bitcoin and other established altcoins.

After last week's sharp rise, headwinds were predicted. Now, Notcoin faces an uphill battle to prove to investors that it can keep its value. This should attract interest from traders likely to bet on the next breakout to new all-time highs.

Amid the volatility, Notcoin fluctuated at $0.02116. Technical structure suggests downtrend will continue in coming sessions .#StartInvestingInCrypto