Notcoin price surged nearly 36 percent in the past 24 hours as sudden bullish speculation lifted the Telegram-based token sharply higher.
However, the rally did not translate into sustained momentum. Instead, it triggered the heaviest bout of selling in six months.
Notcoin Pulls Away From Bitcoin
The correlation between Notcoin and Bitcoin has weakened considerably, falling to 0.43. This rapid decline shows NOT is no longer closely following Bitcoin’s price movements. Such separation can be advantageous if BTC continues its volatility or posts further declines, as NOT may avoid direct downside pressure.
SponsoredHowever, it also introduces new risks. A strong Bitcoin rebound could pull liquidity away from smaller speculative assets, potentially dragging NOT lower even if its internal sentiment remains neutral.
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The Chaikin Money Flow indicator shows a sharp downtick over the past 24 hours, confirming heavy outflows. The indicator has moved deeper into negative territory, signaling that investors quickly exited their positions following the rally. Many likely sold to capture profits or reduce exposure, contributing to the steep pullback.
This selling pressure undermines the bullish impulse that initially fueled NOT’s surge. Sustained outflows at this pace could limit recovery attempts in the short term. Notcoin will need renewed accumulation and stability in the broader market to counterbalance the impact.
NOT Price Jumps Sharply
NOT price peaked at $0.000750 during the intra-day high before falling to $0.000615 at the time of writing. The rapid correction reflects the cooling sentiment and aligns with the outflow signals seen in market indicators.
If Bitcoin begins recovering, NOT may struggle. A rebound in BTC often redirects liquidity toward larger, less volatile assets, which could push NOT below its $0.000609 support. Losing this level would expose the token to a decline toward $0.000552.
Conversely, if Bitcoin drops again and NOT investors regain confidence, the altcoin could find support at $0.000609. A successful rebound from this level may lift the price toward $0.000723, offering a chance to invalidate the bearish outlook.
