Notcoin (NOT) records a brief increase of 35% after bidding farewell to Bitcoin.
Notcoin separates from Bitcoin as the correlation sharply declines, increasing the risks of independent volatility this week.
Chaikin money flow shows strong outflows, confirming significant selling pressure after the rapid rise of Notcoin.
The price of NOT is facing instability, exposing it to the risk of falling towards $0.000552 unless new accumulation supports recovery.
The price of Not Coin has increased by approximately 36% in the last 24 hours as sudden bullish speculation sharply raised the Telegram-based token.
However, the rally did not translate into sustainable momentum. Instead, it caused the heaviest wave of selling in six months.
Notcoin is distancing itself from Bitcoin
The relationship between Not Coin and Bitcoin has weakened significantly, dropping to 0.43. This rapid decline shows that Not is no longer closely following Bitcoin's price movements. Such a separation could be beneficial if $BTC continues its volatility or records further declines, as Not may avoid direct downward pressure.
However, it also presents new risks. A strong Bitcoin rebound could pull liquidity away from smaller speculative assets, potentially lowering Not if its internal sentiment remains neutral.
The relationship between Not and Bitcoin. Source: TradingView
The Chaikin Money Flow indicator shows a sharp decline over the past 24 hours, confirming heavy outflows. The indicator has moved into a more negative territory, indicating that investors quickly exited their positions after the rally. It is likely that many sold to take profits or reduce risk, contributing to the sharp pullback.
This selling pressure strikes at the bullish momentum that initially drove Not's rise. Continuous outflows at this pace could limit short-term recovery attempts. Not Coin will need renewed accumulation and stability in the broader market to balance the impact.
NOT CMF. Source: TradingView
The price of NOT has sharply increased
The price peaked at $0.000750 during the daily surge before dropping to $0.000615 at the time of this report. The swift correction reflects a shift in sentiment and aligns with the external flow signals observed in market indicators.
If Bitcoin starts to recover, $NOT may face difficulties. A Bitcoin rebound often redirects liquidity towards larger and less volatile assets, which could push NOT below the support level at $0.000609. Losing this level would expose the token to a decline towards $0.000552.
NOT price analysis. Source: TradingView
Conversely, if Bitcoin drops again and investors regain confidence in $NOT , the altcoin is likely to find support at $0.000609. The success of a rebound from this level could push the price towards $0.000723, providing an opportunity to negate the bearish outlook.
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