NOM +69.12% in 24 Hours Amid Sharp Volatility

On OCT 7 2025, NOM surged by 69.12% within 24 hours to reach $1.314, despite a significant drop of 1213.14% over seven days and a 2102.41% decline over both one month and one year. The sudden upward movement has attracted attention from traders and analysts amid the broader context of continued downward pressure in the asset's longer-term performance.

The price rally followed a quiet but decisive technical setup observed on key charts. Traders noted a narrow range consolidation phase preceding the sharp increase, with the price breaking out of a defined ascending triangle pattern. This breakout was confirmed by a surge in price and a close above the pattern’s upper boundary. The breakout was accompanied by a strong closing candle with high volume, reinforcing the credibility of the move.

Technical indicators also showed signs of reversal before the breakout. The Relative Strength Index (RSI) had been in oversold territory for several sessions prior, suggesting a potential bounce. The Moving Average Convergence Divergence (MACD) histogram had also begun to expand positively, signaling growing momentum in the bullish direction.