Market Overview: NOTUSDT – 24-Hour Analysis as of 2025-09-23

• NOTUSDT rose 0.78% over 24 hours, closing near a key resistance level of 0.001680.
• A bullish breakout above 0.001675 was confirmed by strong volume in late trading.
• RSI signaled overbought conditions at 68, suggesting possible near-term pullback.
• Volatility expanded as Bollinger Bands widened, reflecting increased market participation.
• Divergence in price and turnover observed during midday, indicating mixed market sentiment.

At 12:00 ET on 2025-09-23, Notcoin/Tether (NOTUSDT) opened at 0.001619 and closed at 0.001675, having traded between 0.001595 and 0.001688. Total volume for the 24-hour period was 431,842,503.0, with notional turnover reaching approximately $710,456. The pair showed a clear upward bias, especially in the last 8 hours of the period.

Structure & Formations
The 15-minute chart displayed a series of bullish engulfing patterns in the final hours of the 24-hour window, particularly between 09:00 ET and 12:00 ET. Key support levels were identified at 0.001660, 0.001650, and 0.001635, with resistance levels emerging at 0.001680 and 0.001690. A notable doji appeared at 05:45 ET, signaling indecision but not reversing the bullish trend.

Moving Averages
The 20-period and 50-period moving averages on the 15-minute chart were in close alignment, with price consistently trading above both, reinforcing the bullish momentum. On the daily chart, the 50-period SMA had crossed above the 100-period SMA earlier in the week, forming a golden cross that aligns with the recent uptrend.

MACD & RSI
MACD was positive for most of the last 12 hours, with the histogram expanding after 07:00 ET, indicating increasing momentum. RSI reached 68 at the close, indicating overbought conditions and a potential pause or pullback in the near term. A reversal from this level could signal a short-term top.

Bollinger Bands
Bollinger Bands expanded during the morning hours, with price staying well above the 2σ upper band between 06:00 ET and 08:00 ET. This suggested high volatility and strong conviction in the bullish trend. However, after 09:00 ET, price retracted toward the upper mid-band, indicating potential exhaustion.

Volume & Turnover
Volume spiked to 43,164,082 at 09:00 ET, coinciding with a sharp price rise from 0.001677 to 0.001687. Notional turnover confirmed this with a surge to $72,901. However, in the following hours, volume declined, suggesting that some traders may be taking profits or locking in gains. A divergence between price and turnover occurred at 11:00 ET, indicating mixed sentiment.

Fibonacci Retracements
Applying Fibonacci levels to the recent 15-minute swing from 0.001623 to 0.001687, key levels at 38.2% (0.001657) and 61.8% (0.001673) were tested in the last 3 hours. The 61.8% level appears to have held, and a potential breakout beyond it could signal a stronger bullish continuation.

Backtest Hypothesis
The backtest strategy involves entering long positions when price closes above the 50-period SMA on the 15-minute chart, confirmed by a bullish engulfing pattern and increasing volume. A stop-loss is placed at the 20-period SMA, and a take-profit target is set at the next Fibonacci level (61.8%). Based on the recent 24-hour performance, this strategy would have triggered a long entry at 09:00 ET, with a favorable risk-to-reward profile.