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Summary
• Price consolidates near 0.0001104 with no strong directional bias.
• Volume remains subdued, with a notable spike at 17:45 ET.
• A bearish engulfing pattern emerges near 0.0001118, hinting at potential resistance.
• RSI suggests oversold conditions at times, but momentum lacks follow-through.
The Numeraire/Bitcoin (NMRBTC) pair opened at 0.0001125 on January 6 at 12:00 ET, reached a high of 0.0001125, and a low of 0.0001096, closing at 0.0001104 on January 7 at 12:00 ET. Total volume over the 24-hour period was 761.75, and notional turnover amounted to 0.08429214.
Structure & Formations
The 5-minute chart shows a bearish engulfing pattern at 17:45 ET, suggesting resistance near 0.0001118. A potential support zone forms between 0.0001102 and 0.0001104, where price has tested multiple times with minimal breakdowns. A doji at 01:45 ET implies indecision.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages are closely aligned, suggesting neutral bias. Price remains slightly above the 20SMA, indicating short-term consolidation. Daily averages are not clearly defined due to limited actionable data.

MACD & RSI
MACD remains flat with no clear divergence, while RSI occasionally dipped below 30, indicating oversold levels. However, price failed to follow through on these signals, suggesting a lack of conviction in downward moves.
Bollinger Bands
Volatility appears contracted, with price hovering near the middle band. The upper band aligns with resistance at 0.0001118, while the lower band is close to 0.0001102, where the pair has shown resilience.
Volume & Turnover
A notable volume spike of 283.54 was observed at 19:45 ET, coinciding with a price drop from 0.0001118 to 0.0001102. However, turnover did not confirm strong bearish conviction. Volume remains muted overall, suggesting limited participation.
Fibonacci Retracements
Recent 5-minute swings suggest a 61.8% retracement level near 0.0001104, where price has found support. A 38.2% retracement level is at 0.0001112. These levels may provide guidance for potential consolidation or breakout attempts.
Price may test the 0.0001104 support or attempt to retest 0.0001118 as resistance in the next 24 hours. Traders should remain cautious of low-volume environments, which can lead to unpredictable price swings with minimal catalysts.
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