Summary
• Price surged past key resistance but failed to confirm with volume.
• Momentum indicators showed mixed signals with RSI near overbought.
• Volatility expanded following a sharp midday rally.
• Volume surged during peak buying, but turnover diverged slightly.
• A bullish engulfing pattern formed but failed to hold at the close.
At 12:00 ET, Numeraire/Bitcoin (NMRBTC) opened at 0.0001221, hit a high of 0.0001256, a low of 0.0001212, and closed at 0.0001253. Total volume was 3,041.88 and turnover was 0.3885 BTC over the 24-hour window.
Structure & Formations
Price broke above a prior high at 0.0001240, forming a
during the 20:15–20:30 ET window. A key support level at 0.0001225 was tested multiple times but held. A doji formed near the high at 0.0001256, signaling potential indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages diverged, with price closing above both during the final hours. On daily charts, the 50/100/200 MA crossover suggests a mildly bullish bias, though the 200 MA remains a critical long-term hurdle.
MACD & RSI
The MACD crossed above the zero line with positive momentum, suggesting a short-term bullish bias. RSI approached overbought territory at 73 during the day’s high, hinting at potential pullback pressure.
Bollinger Bands
Volatility expanded as price moved from the lower band to near the upper band, with a brief contraction observed during midday. Price closed near the upper band, indicating strong short-term momentum.
Volume & Turnover
A sharp volume spike occurred between 19:45 and 20:15 ET, coinciding with a 0.0001240–0.0001256 rally. However, turnover did not scale proportionally, indicating possible slippage or fragmented order flow.
Fibonacci Retracements
On the 5-minute chart, price reached the 61.8% retracement level of a prior bearish swing, suggesting a potential reversal. On daily charts, the 61.8% level at 0.0001245 is a key watchpoint for continued bullish traction.
Looking ahead, a retest of 0.0001240 and 0.0001256 could confirm or reject the bullish breakout. Investors should remain cautious of diverging volume signals and potential consolidation.
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