Market Overview for Numeraire/Bitcoin (NMRBTC) on 2025-10-28

• Price drifted lower over 24 hours with no significant volatility
• Key support tested around 0.0001108–0.0001115 with minimal rejection
• Volume remained near zero until a sharp spike late in the session
• RSI and MACD showed bearish momentum but lacked confirmation from volume
• Bollinger Bands signaled low volatility with price near the lower band

24-Hour Summary

The Numeraire/Bitcoin (NMRBTC) pair opened at 0.0001136 at 12:00 ET − 1, reached a high of 0.0001148, and closed at 0.0001122 by 12:00 ET on 2025-10-28. During the 24-hour period, the price traded between 0.0001102 and 0.0001148, showing a bearish trend. Total volume was approximately 1,342.69, and turnover was moderate, indicating limited interest and participation in the pair.

Structure & Formations

The price action displayed several bearish signals, including a Bearish Engulfing pattern at 0.0001121–0.0001128 and a sharp drop at 0.0001115–0.0001121. The pair found temporary resistance around 0.0001128–0.0001135, but failed to break above it. Notable support levels were identified at 0.0001115 and 0.0001108, where the price held for multiple intervals. A doji formed near 0.0001115, signaling indecision.

Moving Averages

On the 15-minute chart, the 20-period MA was above the 50-period MA, indicating bearish momentum. On the daily chart, the 50-period MA crossed below the 100 and 200-period MAs, reinforcing the downward trend. The price remained below all three daily MAs, suggesting further bearish potential in the near term.

MACD & RSI

The MACD crossed below the signal line during the session, confirming bearish momentum. The RSI hovered in oversold territory (below 30) for much of the period, indicating potential for a rebound, though volume failed to confirm this. A slight divergence between RSI and price near 0.0001115 suggests a possible short-term bounce, though a close below 0.0001115 could extend the decline.

Bollinger Bands

The Bollinger Bands remained narrow for most of the day, indicating low volatility. Price closed near the lower band at 0.0001115, suggesting a potential bounce. However, the narrow band setting up for a potential expansion could see a break to the downside if sellers step in.

Volume & Turnover

Volume remained near zero for most of the 24-hour window, with spikes seen in late hours, particularly around 0.0001115 and 0.0001121. Turnover increased in these areas, aligning with price declines. A divergence between price and volume was noted at 0.0001128, suggesting weak conviction in the lower bounce.

Fibonacci Retracements

Applying Fibonacci retracements to the daily swing from 0.0001136 to 0.0001102, the price found support at 61.8% (0.0001115) and 38.2% (0.0001121) levels. The 50% retracement at 0.0001119 was not tested but could become relevant if the price retraces.

Backtest Hypothesis

To validate the bearish outlook observed in the pattern formations and technical indicators, a backtest could be conducted using a short-biased strategy focused on the Bearish Engulfing pattern. The strategy would look to enter short positions when the pattern is confirmed on a 15-minute candle, with stop-loss placed above the high of the engulfing candle. A take-profit would be set at the nearest Fibonacci level (e.g., 0.0001102 or 0.0001108). Given the low volume and limited participation observed in this pair, the backtest may reveal that the pattern has limited predictive power unless used in conjunction with a high-volume filter to avoid false signals.