Market Overview for NOTUSDT on 2025-11-09

Summary• Price action shows a sharp decline and recovery from a low of $0.000746 to $0.000769 in 24 hours.• Volume spiked to $355,748,120 before trending downward, with a divergence from price action.• RSI dipped into oversold territory, suggesting a potential reversal or consolidation phase.

The 24-hour period for Notcoin/Tether (NOTUSDT) saw the price open at $0.000767, reach a high of $0.000788, and fall to a low of $0.000746, closing at $0.000759. Total volume was 886,610,000 tokens, while total turnover was $664,957,000. The market displayed significant volatility, with a mid-day pullback followed by a late afternoon recovery.

Structure & Formations

Price action on the 15-minute chart revealed a bearish engulfing pattern at $0.000778–$0.000776 during the early afternoon hours, signaling a potential reversal. A doji formed around $0.000767 in the early morning, hinting at indecision. Key support levels appear near $0.000756 and $0.000746, with resistance at $0.000778 and $0.000782. These levels were tested multiple times and could see renewed action in the near term.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart converged around $0.000765, indicating a potential equilibrium zone. The 50-period line has started to catch up to the 20-period, suggesting a potential shift in momentum. On a daily scale, the 50- and 200-day averages are in close proximity, indicating a possible consolidation phase for the broader trend.

MACD & RSI

The MACD line crossed below the signal line during the late afternoon, indicating a bearish momentum shift. However, by the evening and early morning, it began to show signs of divergence as the signal line flattened. The RSI fell below 30 mid-day, entering oversold territory, but failed to trigger a strong rebound. This may suggest either a false signal or a deeper consolidation phase. Momentum appears to be weakening as the RSI remains in the 50–60 range with no clear direction.

Bollinger Bands

Volatility reached a peak around $0.000772–$0.000782 during the early afternoon before contracting sharply as the price fell into the lower band. The Bollinger Bands have since expanded again, with price hovering near the lower band in the early morning. This pattern suggests a potential bounce could be in the cards, but the bands may contract again if the market enters a sideways phase.

Volume & Turnover

Volume spiked dramatically in the early afternoon at $355,748,120 on the NOTUSDT pair, coinciding with the bearish engulfing pattern. However, this did not result in a sustained price decline, instead leading to a consolidation phase. Turnover was uneven, with a notable dip after $0.000756, indicating reduced trading pressure. The divergence between volume and price suggests caution in interpreting further moves without a strong follow-through.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute move from $0.000746 to $0.000782, key support is expected around $0.000766 (61.8%) and $0.000770 (38.2%). The 50% level at $0.000764 was a critical point of retesting late in the day, which was held. On a daily scale, the broader move from $0.000746 to $0.000788 could see a potential bounce from the 38.2% retracement at $0.000769.

Backtest Hypothesis

A backtesting strategy based on RSI and volume could be implemented by entering long positions when RSI dips below 30 and volume spikes by a certain threshold. Holding for five trading days and managing stop-loss and take-profit levels could provide insights into the effectiveness of this approach. This aligns with today’s RSI behavior and volume spikes, which may have signaled a potential long entry.