Market Overview for Notcoin/Tether (NOTUSDT) – 24-Hour Summary (2025-10-03)

• Price surged 0.84% on the back of a late-day bullish breakout and consolidation above key support.
• Volume increased by 127% during the final 6 hours of the session, indicating renewed buying interest.
• RSI approached 55 at the close, suggesting moderate momentum with no immediate overbought/oversold signal.
• Bollinger Bands expanded during the 19:00–21:00 ET window, reflecting heightened volatility.
• A bullish engulfing pattern formed at 19:30 ET, confirming a shift in sentiment from bearish to bullish.

Market Snapshot

Notcoin/Tether (NOTUSDT) opened at $0.001599 (12:00 ET – 1) and closed at $0.001603 (12:00 ET), reaching a high of $0.001640 and a low of $0.001586. The total 24-hour volume amounted to 392,310,452.0 units, while the notional turnover reached $629,437 (based on NOTUSDT prices). The price action reflects a moderate bullish bias, with price consolidating above key support levels during the final 6 hours.

Structure & Formations

The NOTUSDT pair formed a key bullish engulfing pattern at 19:30 ET, confirming a reversal from a bearish trend. Price found support at $0.001606 in the early morning session and later consolidated within a $0.001602–$0.001628 range. A doji formed at 02:00 ET, signaling indecision, followed by a strong bullish move. The price appears to have found a short-term base near $0.001605 and may attempt a break above $0.001635 in the near term.

Moving Averages & MACD

On the 15-minute chart, the 20-period MA crossed above the 50-period MA (a bullish crossover) at 19:15 ET, reinforcing the short-term bullish momentum. The MACD histogram showed a moderate increase in positive momentum during the 19:00–21:00 ET period, suggesting a possible continuation of the upward trend. The 50-period MA on the daily chart is currently at $0.001609, slightly above the close.

RSI & Bollinger Bands

The RSI hovered near 55 at the close, indicating moderate bullish momentum without reaching overbought territory. Bollinger Bands expanded during the 19:00–21:00 ET window, reflecting heightened volatility, and price stayed within the upper and lower bands throughout the session. Price is currently positioned just below the 20-period Bollinger midline, suggesting potential for a mean reversion or continuation.

Volume & Turnover

Volume spiked to $93,993,749 at 19:15 ET and $19,043,899 at 19:30 ET, indicating strong participation from buyers. Notional turnover increased by 127% in the final 6 hours, aligning with the price breakout. There is no significant divergence between price and turnover, which implies strong confirmation of the upward move.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from $0.001586 to $0.001640, key levels include 38.2% at $0.001619 and 61.8% at $0.001626. Price consolidated near the 61.8% level before retreating slightly, suggesting that the $0.001620–$0.001635 zone may act as a critical resistance area for the next 24–48 hours.

Forward-Looking View

With the recent bullish breakout and strong volume confirmation, NOTUSDT could attempt a move above $0.001635 in the next 24 hours. However, traders should remain cautious of potential pullbacks and watch the $0.001605 support level closely.

Backtest Hypothesis

The backtesting strategy in question relies on a breakout-based approach using a 20-period MA crossover and volume confirmation. Specifically, it enters long when the 20-period MA crosses above the 50-period MA and volume surges by at least 100% within a 1-hour window. Stops are placed below the prior 4-hour low, and targets are set at the 61.8% Fibonacci level. Based on the NOTUSDT behavior on October 3, this strategy would have triggered a long entry at 19:15 ET and exited at the 61.8% level around $0.001626–$0.001635 with a positive risk-reward profile.