NMR +7.36% as Short-Term Bounce Gains Momentum

On SEP 2 2025, NMR surged by 7.36% in the last 24 hours, trading at $7.94, marking a brief countertrend move amid prolonged bearish pressure. Over the same period, it fell by 2393.74% in seven days, 817.02% in one month, and 975.45% in one year. The sharp reversal suggests a potential short-term stabilization phase following a deep sell-off cycle.

Traders and market observers are closely watching whether this bounce reflects a short-term consolidation or the start of a reversal in the asset’s long-term trajectory. The 7.36% daily gain is a rare upward move in a market that has seen nearly unbroken declines over the past several months. While the increase is modest in isolation, it could signal a shift in sentiment if it is followed by further buying pressure and broader market coordination.

Technical indicators suggest a possible bottoming process. The asset’s price has recently moved above its 20-day moving average, a sign that short-term momentum may be stabilizing. However, it remains significantly below its 200-day average, which underscores the long-term bearish trend. RSI levels have begun to show signs of divergence, indicating that sellers may be losing control at current levels.

Backtest Hypothesis

To assess the potential significance of the 24-hour gain, analysts have proposed a hypothesis for backtesting based on recent price behavior. The strategy involves entering a long position when the asset closes above its 20-day moving average and exits when the price falls below this level again or after a 10% profit target is reached. Stop-loss parameters are set at 5% below the entry point to limit downside exposure.

This backtesting model is designed to evaluate whether the recent 7.36% increase could represent a viable entry point or part of a larger trend reversal. Given NMR’s deep drawdowns over the past 7 days and 1 month, such a strategy aims to capture short-term rebounds while managing risk in a volatile market environment.