Market Overview for NOTUSDT on 2025-11-13

Summary
• Price opened at $0.000704, peaked at $0.000748, and closed at $0.000726, with moderate volatility.
• RSI signaled overbought conditions in the late session, suggesting possible near-term pullback.
• Volume spiked during the bullish breakout near $0.000748, supporting the strength of the move.
• Price found support at $0.000720 and resistance at $0.000740, with Bollinger Bands showing recent expansion.
• A key bearish divergence emerged between price and RSI near the session high, warranting caution.

Opening Narrative

The NOTUSDT pair opened at $0.000704 (12:00 ET − 1) and reached a high of $0.000748 before closing at $0.000726 as of 12:00 ET on 2025-11-13. Over the past 24 hours, total volume traded amounted to 643,882,375 NOT, with notional turnover of $454,171. The price action reflects a moderate bullish trend, punctuated by key resistance and support levels.

Structure & Formations

The 15-minute OHLC data reveals a strong bullish breakout near $0.000748, marked by a tall bullish candle and high volume. Price briefly pulled back to the 15-minute support at $0.000720, where it found buying interest. A bearish divergence in the RSI at the session high suggests caution. Notable candlestick patterns include a Bullish Engulfing and a Bullish Morning Star, indicating short-term continuation potential, but the divergence implies a possible correction.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages are both ascending, with price currently above both, suggesting a bullish bias. The 50-period MA is catching up, signaling a possible consolidation phase. The MACD line crossed above the signal line in the morning session, confirming short-term bullish momentum. RSI reached overbought territory (above 70) in the late morning and afternoon, suggesting a pullback may be near. This overbought condition may not last if buying pressure wanes.

Volatility and Bollinger Bands

Bollinger Bands expanded during the breakout near $0.000748, reflecting heightened volatility. Price closed near the upper band, which could act as a temporary ceiling or trigger a retracement. The bands have widened from a prior contraction, suggesting the market is moving out of a consolidation phase. The midline (20-period SMA) now sits at approximately $0.000732, offering a potential pivot point for the next 24 hours.

Fibonacci Retracements

Key Fibonacci levels from the recent swing low at $0.000704 to the high at $0.000748 suggest the following levels:
- 38.2% retracement at $0.000727
- 61.8% retracement at $0.000720
Price is currently consolidating near the 38.2% level, which could serve as a support or pivot zone. A breakdown below $0.000720 would target the next Fibonacci level at $0.000716.

Volume and Turnover

Volume surged near the $0.000748 peak, confirming the strength of the move. The high turnover during this period suggests institutional or large-capacity buying. However, volume has since declined as price consolidated, raising the possibility of a short-term reversal. The divergence between price and volume in the late session could signal weakening bullish momentum.

Backtest Hypothesis

To test the strength of the recent bullish pattern, a backtest using a Bullish Engulfing strategy could be applied. This strategy would trigger a long entry upon confirmation of a bullish engulfing candle and hold for three days. Integrating this strategy with the above Fibonacci and moving average levels could offer a data-driven edge, especially if combined with overbought RSI as an exit signal. However, the effectiveness of this strategy depends on confirming the pattern with accurate historical data.