Notcoin (NOT) had been showing some promise, gaining ground over the past two days despite Bitcoin's struggles. However, the bears have stalled its rally, and the token's price action suggests another downward move is likely. The higher timeframe price action reinforces this bearish trend.

A closer look at the 4-hour price chart reveals a trendline resistance that has been a hurdle for NOT. This trendline has served as resistance in the past and is likely to do so again. Additionally, Fibonacci retracement levels suggest that the price may drop to $0.0101, a 78.6% retracement level.

Futures data doesn't indicate bullish conviction, with the spot CVD trending downward despite a slight bounce in the past two days. Open Interest has increased, but without spot demand, bullish speculators may be left disappointed. The Funding Rate is positive but not exceptionally so, suggesting a lack of enthusiasm for the token.

The price action and futures data suggest that NOT may collect liquidity around $0.016-$0.0165 before making a bearish move. The trendline resistance and Fibonacci retracement levels reinforce this bearish outlook.

In conclusion, Notcoin's rally has hit a roadblock, and the bears are likely to take control shortly. With the price action and futures data pointing to a downward move, it's possible that NOT may slide to $0.0101. Investors should exercise caution and consider the risks before making any decisions.