Notcoin (NOT) Price Posts Brief 35% Rally After Bidding Bitcoin Farewell

Core Insights - Notcoin price surged nearly 36% in the past 24 hours due to bullish speculation, but this rally led to significant selling pressure, marking the heaviest selling in six months [1] - The correlation between Notcoin and Bitcoin has weakened considerably, dropping to 0.43, indicating that Notcoin is no longer closely following Bitcoin's price movements [2] - The Chaikin Money Flow indicator shows a sharp downtick, confirming heavy outflows as investors exited positions following the rally, which undermines the bullish momentum [4] Price Movements - Notcoin price peaked at $0.000750 during the intra-day high before correcting to $0.000615, reflecting cooling sentiment and aligning with outflow signals [6] - If Bitcoin recovers, Notcoin may struggle as liquidity could shift towards larger assets, potentially pushing Notcoin below its support level of $0.000609 [7] - Conversely, if Bitcoin declines and investor confidence in Notcoin returns, it could find support at $0.000609, with a potential rebound lifting the price towards $0.000723 [8]