Market Overview: Notcoin/Tether (NOTUSDT) on 2025-12-21

Summary
• Price declined from 0.000526 to 0.000521, with key support found near 0.000515.
• Rising volume in the latter half of the day confirmed bearish momentum.
• RSI showed oversold conditions, suggesting potential for short-term rebound.

At 12:00 ET–1 on 2025-12-21, Notcoin/Tether (NOTUSDT) opened at 0.000522 and reached a high of 0.000526 before closing at 0.000521 at 12:00 ET. The pair traded within a range of 0.000501 to 0.000526 over 24 hours, with a total volume of 511,554,627.0 and notional turnover of 258.5 NOTUSDT.

Structure & Formations

The price action displayed a bearish trend, with a 0.000526 high failing to hold and resulting in a pullback below the 0.000522 level. A bearish engulfing pattern appeared at the peak, followed by a potential double-bottom formation near 0.000515. A key support level at 0.000515–0.000519 appears intact, while resistance retests are expected around 0.000523–0.000526.

Moving Averages

The 5-minute 20/50 EMA showed a bearish crossover late in the session, while the daily 50/100/200 MA suggested the price remains below key mid-term averages. This supports a continuation of the bearish bias in the near term.

MACD & RSI

The MACD showed a bearish crossover with declining histogram bars in the final hours of the session. RSI dipped below 30, indicating oversold conditions, but without a clear reversal sign—suggesting a potential bounce could be short-lived without renewed bullish volume.

Bollinger Bands

Volatility expanded in the morning hours as the price traded near the upper band before a sharp move toward the lower band by late afternoon. The narrowing of the bands at the close indicates a potential for a breakout or reversal in the next 24 hours.

Volume & Turnover

Volume increased significantly in the latter half of the session, especially after the 0.000522 support gave way. Notional turnover spiked in line with price declines, confirming bearish conviction. A divergence between price and volume is not observed, suggesting the move lower has solid participation.

Fibonacci Retracements

On the 5-minute chart, price found support at the 50% Fibonacci retracement level of 0.000523 before pulling back to 0.000519. Daily retracements suggest potential targets at 0.000515 (61.8%) and 0.000522 (38.2%) as key levels to watch for near-term direction.

The market may test the 0.000515 support in the next 24 hours, with a potential bounce to 0.000522 if short-term buyers step in. However, without a clear reversal in momentum or volume, the bias remains bearish. Investors should remain cautious of further downside risk if 0.000515 breaks with confirmation.