Summary
• NOTUSDT formed bearish and bullish engulfing patterns around key levels, signaling mixed momentum.
• Volume surged during a 6.5% price recovery, confirming the rebound.
• Price remains within a narrowing Bollinger Band, hinting at a potential breakout.
• RSI oscillated between overbought and neutral, showing no strong directional bias.
• 50-period and 20-period moving averages crossed into alignment, suggesting a potential consolidation phase.
At 12:00 ET–1 on 2025-12-08, Notcoin/Tether (NOTUSDT) opened at $0.000601 and traded within a $0.000604 to $0.000584 range, closing at $0.000596 by 12:00 ET on 2025-12-09. Total volume reached 732,336,537.0, with a notional turnover of $444,717.
Structure & Formations
NOTUSDT developed several key candlestick patterns over the 24-hour period, including a bearish engulfing pattern early in the session and a bullish engulfing pattern during the overnight recovery. These formations, coupled with price hovering near the 0.0006 level, suggest a tug-of-war between buyers and sellers. A doji formed at 0.000592, signaling indecision around a key psychological level.
Moving Averages
Short-term moving averages, particularly the 20-period and 50-period lines, crossed into alignment around 0.000597–0.000598 during the recovery phase. The 50-period daily moving average is near 0.000595, indicating that the 24-hour candle closed near this level. This convergence suggests potential consolidation ahead, with no clear breakout in sight.
MACD & RSI
The MACD remained flat for most of the session before showing a slight bullish divergence during the late-night recovery.
The RSI oscillated between overbought (70+) and neutral levels, but did not spend significant time above 70 or below 30, indicating a lack of strong momentum in either direction.
Bollinger Bands
Price action remained within a tightening Bollinger Band for most of the session, with volatility dipping below average. The current price of 0.000596 sits near the middle band, suggesting that a breakout could be imminent if either buyers or sellers gain control.
Volume & Turnover
The most notable volume spike occurred during the 21:00–22:00 ET period, coinciding with a nearly 6.5% rebound off the 0.000584 low. Notional turnover increased in tandem with the rally, confirming the price action. However, volume has since normalized, and without a follow-through move, the rebound may fail to gain broader conviction.
Fibonacci Retracements
Fibonacci levels applied to the recent 5-minute swing show that the 0.000596 close is near the 61.8% retracement level of the previous decline. If support holds, it could signal a short-term base; a break below this level would test the 50% retracement at 0.000592.
Looking ahead, NOTUSDT may test the 0.000592–0.000595 range for further consolidation, with a potential breakout expected if either buyers or sellers gain control. Traders should be cautious of false breakouts and manage risks accordingly.
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