Market Overview for Notcoin/Tether (NOTUSDT)

Summary
• Price formed key support at 0.000518 and broke a bearish engulfing pattern early.
• RSI signaled oversold conditions before late-day buying pushed price back toward 0.000533.
• Volume surged on the 5-minute chart, especially after 15:00 ET with a 5.45% swing high.
• Volatility expanded significantly in the last 4.5 hours with a Bollinger Band break.
• Turnover reached $216.4M on a 5-minute rally to 0.000545, confirming a short-covering phase.

At 12:00 ET − 1, NOTUSDT opened at 0.000535 and traded between 0.000507 and 0.000545 through the 24-hour window, closing at 0.000543 at 12:00 ET. Total volume amounted to 424,687,100 tokens, with turnover reaching $226.7M (assuming USDT price of $1.00).

Structure & Formations

NOTUSDT formed a bearish engulfing pattern on the 5-minute chart at 0.000525, confirming a short-term reversal. Key support held at 0.000518 and 0.000528, while resistance levels at 0.000533 and 0.000541 were tested and retested. A bullish harami emerged at 15:00 ET as price consolidated around 0.000533 before breaking higher.

Moving Averages

On the 5-minute chart, price broke above the 20SMA (0.000534) and 50SMA (0.000533) at 15:15 ET, signaling a short-term bullish bias. Daily 50/100/200SMA alignment remained neutral, with the 50SMA at 0.000531 and 100SMA at 0.000529 indicating a potential retest scenario for the 0.000533–0.000535 range.

MACD & RSI

The 12:00–15:00 ET period saw RSI dip below 28, signaling oversold conditions before a late-day rally pushed it to 58. MACD crossed above the signal line at 15:15 ET, aligning with the price breakout to 0.000541. Momentum appears to favor buyers in the near term, though a pullback to the 38.2% Fibonacci level at 0.000533 may test the strength of this rally.

Bollinger Bands

Volatility expanded significantly in the last 4.5 hours, with a 2.6% expansion in the upper band width. Price closed above the upper band at 0.000543, indicating a potential exhaustion of the current bullish move. A contraction in the bands could precede a reversal, so traders may monitor the 0.000539–0.000541 range for possible consolidation.

Volume & Turnover

Volume surged in the last 4.5 hours, with the most active 5-minute period at 15:00–15:15 ET, where 47.4 million tokens traded. Notional turnover reached $216.4M during the rally to 0.000545, confirming strong participation from longs. No significant divergence was observed between price and volume, suggesting the rally remains supported.

Fibonacci Retracements

Key Fibonacci levels from the 0.000507–0.000545 swing show 0.000533 (38.2%) and 0.000541 (61.8%) as critical levels. Price found initial support at 0.000518 (0.000507–0.000525 swing) before rebounding. A test of 0.000541 may trigger a pullback to the 0.000533–0.000535 range in the next 24 hours.

Price may extend the current rally in the short term but risks a consolidation phase if the 0.000541 level fails. Traders should watch for signs of short-term exhaustion and potential retests of key Fibonacci levels. A reversal pattern near the upper Bollinger Band could signal a near-term pause.