NOTUSDT Market Overview: Strong Breakout and Rising Momentum

• Price surged 0.83% in 24 hours with a key breakout above 0.001985.
• Momentum remains strong with RSI hovering in overbought territory.
• Volatility increased as Bollinger Bands widened in late trading.
• Volume surged by 45% in the last 6 hours, confirming the bullish thrust.
• A bullish engulfing pattern emerged at the start of the uptrend, signaling potential continuation.

The Notcoin/Tether USDt (NOTUSDT) pair opened at 0.001943 on 2025-09-09 12:00 ET, surged to a high of 0.00202, pulled back to a low of 0.001931, and closed at 0.00199 at 12:00 ET on 2025-09-10. The 24-hour trading session saw a total volume of 522,830,159.0 NOT and a notional turnover of $1,042,994.81, reflecting strong participation.

Structure & Formations

Price action revealed key support at 0.001975 and resistance at 0.002020 over the past 24 hours. A strong bullish engulfing pattern formed at 0.001968–0.001982 during the early morning, indicating a potential continuation of the uptrend. Later, a doji formed near 0.002005, suggesting temporary indecision before a rally to the session high. Price has since stabilized above the key psychological level of 0.002000, with a 15-minute EMA (20/50) currently in bullish alignment.

Moving Averages

The 20-period and 50-period EMA on the 15-minute chart are both rising and in a bullish crossover. On the daily chart, the 50-period and 200-period SMA are converging with the 100-period SMA crossing above the 200-period line, signaling a potential intermediate-term reversal to the upside. Price is currently above all three lines, reinforcing the bullish bias.

MACD & RSI

MACD is positive and trending upward, confirming the bullish momentum. RSI is in overbought territory at 75–80, suggesting a potential short-term pullback or consolidation. However, the strength of the volume spike in the past 6 hours supports the likelihood that the upward move may continue without a significant correction.

Backtest Hypothesis

A backtesting strategy based on the 15-minute EMA crossover (20/50) and a bullish engulfing pattern confirmation could yield positive results when combined with RSI divergence checks. By entering longs on the close of the engulfing candle and exiting on the first bearish divergence in RSI, the strategy might capture short-term bullish waves with moderate risk. Historical testing on similar assets indicates that such a setup could provide a positive risk-reward profile, especially when volume confirms the pattern.

Bollinger Bands

Bollinger Bands expanded significantly during the late hours of the session, with price moving close to the upper band. This expansion signals a period of heightened volatility. Price has remained within the bands, suggesting a continuation of the current trend. A breakout above the upper band would reinforce a stronger bullish case.

Volume & Turnover

Volume spiked dramatically in the 6-hour window from 21:00 to 03:00 ET, with notional turnover increasing by 45%. This suggests strong conviction among traders. Price and turnover moved in parallel, confirming the bullish thrust. A divergence between price and turnover could be a red flag, but thus far, the correlation remains intact.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart show that the 0.618 level at 0.001978 has acted as a strong support, with the 0.786 level at 0.002008 providing resistance. On the daily chart, the 0.382 retracement level at 0.001988 has been a pivotal support. Price has now moved beyond the 0.618 level, indicating a possible continuation of the upward bias.

Looking ahead, the immediate target appears to be 0.002025–0.002035, based on the current trend and Bollinger Band structure. A retest of the 0.001975–0.001980 range could occur before the next leg higher, but given the strong volume confirmation and bullish patterns, the bias remains to the upside. Traders should monitor for signs of RSI divergence or a breakdown below 0.001980 as potential risk signals.