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

Summary
• Price consolidated between 0.000565–0.000585, with 0.000575 acting as a key short-term pivot.
• Volume surged during the 18:30–19:30 ET window, confirming a late session rally.
• RSI remains neutral near 55, suggesting no immediate overbought or oversold conditions.
• Bollinger Band contraction in the early hours foreshadowed a breakout later in the session.
• A bullish engulfing pattern formed near 0.000572, potentially signaling a short-term reversal.

Price and Volume Summary

At 12:00 ET–1, NOTUSDT opened at 0.000546 and reached a high of 0.000585 before settling at 0.000573 at 12:00 ET. The 24-hour range was 0.000544–0.000585. Total volume was 2.11 billion units, with a notional turnover of approximately $1.21 million.

Structure and Momentum

The price of NOTUSDT remained within a tight 0.000565–0.000585 range for most of the day, showing a clear consolidation pattern. A bullish engulfing pattern formed near 0.000572 at 19:30 ET, suggesting a potential short-term reversal. RSI hovered near 55, indicating balanced momentum without signs of overbought conditions. A late session rally between 18:30 and 19:30 ET, supported by rising volume, confirmed a breakout attempt.

Volatility and Volume Dynamics

Bollinger Bands showed a slight contraction in the early hours before expanding during the breakout phase. Price remained near the middle band throughout the day, indicating moderate volatility. Volume spiked notably during the 18:30–19:30 ET window, confirming the upward move. However, turnover did not show a sharp increase, suggesting mixed conviction among traders.

Key Levels and Fibonacci Retracement

Short-term support is seen near 0.000571, with resistance at 0.000583. A 61.8% Fibonacci retracement of the morning rally lies at 0.000575, a level the pair may test in the next 24 hours. A break above 0.000585 would signal further bullish momentum, while a retest of 0.000565 could rekindle bearish pressure.

Price may continue to consolidate near 0.000575 in the short term, with a potential for a breakout if volume picks up. Traders should remain cautious of a pullback should the 0.000571 support fail.