$NOM /USDT — Market Pulse Update
Price: 0.00598 USDT (≈ Rs1.67) | 24H High: 0.00630 | 24H Low: 0.00589
24H Volume: 116.09M NOM (≈ 708K USDT)
Timeframe: 15m
The chart shows a clear short-term downtrend. Price slipped from the 0.00627 rejection zone and sellers pushed candles steadily lower. All major moving averages are now sitting above price — MA7 (0.00601), MA25 (0.00611), MA99 (0.00608) — signaling bearish control and weak momentum.
Key Zones
Immediate Support: 0.00590 – 0.00596 (buyers currently defending)
Breakdown Level: Below 0.00589 → fast drop risk toward 0.00570 / 0.00560
First Resistance: 0.00605
Major Resistance: 0.00620 – 0.00630 (previous rejection supply)
What’s Happening After failing to hold above 0.00620, NOM entered a distribution phase, followed by cascading sell candles. The small green bounces you see are relief bounces — not trend reversal yet. Volume is decent, meaning a sudden spike can create a sharp move.
Scenarios • Bullish: Reclaim 0.00605 and hold above MA7 → quick squeeze toward 0.00620
• Bearish: Lose 0.00590 support → liquidity sweep and continuation dump
Right now NOM is sitting at a decision zone — either a bounce trap… or the start of a deeper flush. Traders should watch the next 2–3 candles closely because volatility is about to expand.
