Numeraire/Bitcoin (NMRBTC) Market Overview: 2025-09-21

• Price opened at 0.0001492 and traded between 0.0001498 and 0.0001435 before closing at 0.0001436.
• A bearish trend unfolded with key support forming near 0.0001435 and resistance near 0.0001498.
• Low volume and turnover suggested limited conviction in price moves and weak momentum.
• RSI and MACD hinted at bearish momentum, with RSI falling into oversold territory.
• Bollinger Bands tightened during midday before price broke lower, signaling increased volatility.

The Numeraire/Bitcoin (NMRBTC) pair opened at 0.0001492 on 2025-09-20 at 12:00 ET and closed at 0.0001436 on 2025-09-21 at 12:00 ET. During the 24-hour period, the pair reached a high of 0.0001498 and a low of 0.0001435. Total traded volume was 954.39 and notional turnover amounted to approximately 0.147 BTC (based on cumulative volume × price).

Structurally, NMRBTC showed a bearish continuation pattern, especially as it broke below key support near 0.0001486–0.0001489, confirmed by bearish reversal candlestick formations such as the dark cloud cover and a bearish engulfing pattern. Notable resistance levels include 0.0001498 and 0.0001495, while immediate support was tested and broken at 0.0001483 and 0.0001478. A doji at 0.0001485 signaled indecision, but the following candle confirmed the breakdown.

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly, indicating further downward pressure. On the daily chart, the 50-period MA crossed below the 100-period and 200-period MAs, reinforcing bearish momentum. MACD showed a bearish crossover and negative divergence, while RSI dropped into oversold territory near 30, suggesting potential for a short-term bounce or accumulation.

Bollinger Bands were wide open during the morning, indicating high volatility, and the price found itself near the lower band by the end of the session. This suggests overextension of the move to the downside and a potential bounce into the next 24 hours, though a retest of 0.0001435 appears likely. A 61.8% Fibonacci retracement level from the key swing high at 0.0001498 to the swing low at 0.0001435 sits at 0.0001462, which may act as a potential support for a reversal or consolidation zone.

The backtest hypothesis builds on the bearish engulfing pattern and the RSI oversold condition observed during the day. The strategy would trigger a short trade on the 15-minute chart after a bearish engulfing pattern completes, followed by a RSI reading below 30. A stop-loss could be placed just above the most recent swing high at 0.0001495, and a take-profit could target the 61.8% Fibonacci level at 0.0001462 or the immediate support at 0.000145. This approach assumes a continuation of the bearish trend and short-term oversold conditions, with a high probability of a consolidation phase following the sharp decline.