Market Overview: Notcoin/Tether (NOTUSDT) 24-Hour Summary

Summary• Price climbed from 0.00062 to 0.000749, hitting a 24-hour high amid strong bullish momentum.
• RSI surged to overbought levels, suggesting a possible pullback or consolidation.
• Volatility spiked with a 24-hour turnover of $589.7 million, driven by high-volume clusters after 22:00 ET.

The NOTUSDT pair opened at 0.00062 at 12:00 ET-1 and closed at 0.000749 by 12:00 ET on 2025-11-07. The 24-hour high was 0.000749, while the low was 0.000612. Total volume reached 1,192,994,434 tokens, with a notional turnover of $589.7 million. This marked a sharp reversal in sentiment, with the price forming multiple bullish patterns and crossing above key moving averages.

Structure & Formations

Price action showed a strong bullish bias through the 24-hour window, characterized by a series of higher highs and higher lows. A significant breakout above the 0.000671–0.000686 resistance zone led to a powerful continuation phase. Notable candlestick patterns include a bullish engulfing pattern around 05:15 ET and a long white candle at 15:00 ET, both reinforcing the upward momentum. A key support level appears to be forming near 0.000662–0.000671, where several candles closed after a sharp advance.

Moving Averages and Bollinger Bands

On the 15-minute chart, the price consistently traded above both the 20-period and 50-period moving averages, confirming a strong uptrend. Bollinger Bands widened significantly between 22:15 ET and 16:00 ET, reflecting rising volatility. At the close, the price sat near the upper Bollinger Band, indicating overbought conditions and potential near-term correction risks.

MACD & RSI

The RSI surged above 70 in the final hours of the 24-hour period, signaling overbought conditions and a likely near-term reversal. The MACD histogram remained positive and expanding until 16:30 ET, when it started to contract, suggesting the bullish momentum may be tapering. A bearish crossover in the MACD could trigger a pullback in the next 24 hours, particularly if price retests the 0.000713 level.

Volume & Turnover

Volume surged sharply from 22:15 ET onward, peaking with a single candle at 15:30 ET that moved 67.9 million tokens. This was accompanied by a significant increase in notional turnover, indicating strong participation from large and institutional buyers. Divergences in volume and price were not observed, suggesting that the price action was well-supported by accumulation.

Fibonacci Retracements

Key Fibonacci levels based on the 0.000612–0.000749 swing show 0.000713 (61.8%) as a critical retest level for buyers. If price corrects, 0.000683 (38.2%) and 0.000662 (23.6%) may act as temporary supports. The 61.8% level could either halt the correction or accelerate the move lower if it fails.

Backtest Hypothesis

Given the RSI overbought readings and the strong volume-driven move, a backtesting strategy could be built around a “buy on RSI overbought, sell at next support” model. For example, using RSI-14 > 70 as a long entry signal and exiting when price touches the 20-day SMA or drops 5% from the entry price (whichever comes first) would align with today’s price action. This method may capture short-term volatility while managing risk exposure as NOTUSDT enters potentially overbought territory.