NOM PLUNGES THROUGH SUPPORT đšđ
$NOM smashed through the 4âhour order block at $0.002448, diving below the intraday support line and triggering aggressive sell pressure across the futures book đš
Volume surged past $68âŻM in the last hour, confirming that institutionalâstyle liquidation is accelerating momentum to the downside đ
The $0.002448 support corridor is now fragile, with price flirting around $0.002460 before slipping back toward the $0.002440 floor âĄ
If the market absorbs this pressure, a bounce toward the midârange $0.002821 may act as a temporary reprieve; otherwise, a break below $0.002430 could open a path to the next liquidity pool near $0.002200.
Broader altcoin order flow this morning shows a net outflow from riskâon assets, reinforcing the bearish bias on $NOM as market makers tighten the bidâask spread.
The prevailing macro theme of capital reallocation into stableâyield instruments is eroding the buying pressure that previously held the $0.003200 ceiling, leaving the asset vulnerable to further downside.
Levels to monitor:
Watching support around $0.002448
Structure suggests resistance near $0.003189
Mid range area: $0.002821
DYOR
Follow for Updates
#NOM #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
$NOM smashed through the 4âhour order block at $0.002448, diving below the intraday support line and triggering aggressive sell pressure across the futures book đš
Volume surged past $68âŻM in the last hour, confirming that institutionalâstyle liquidation is accelerating momentum to the downside đ
The $0.002448 support corridor is now fragile, with price flirting around $0.002460 before slipping back toward the $0.002440 floor âĄ
If the market absorbs this pressure, a bounce toward the midârange $0.002821 may act as a temporary reprieve; otherwise, a break below $0.002430 could open a path to the next liquidity pool near $0.002200.
Broader altcoin order flow this morning shows a net outflow from riskâon assets, reinforcing the bearish bias on $NOM as market makers tighten the bidâask spread.
The prevailing macro theme of capital reallocation into stableâyield instruments is eroding the buying pressure that previously held the $0.003200 ceiling, leaving the asset vulnerable to further downside.
Levels to monitor:
Watching support around $0.002448
Structure suggests resistance near $0.003189
Mid range area: $0.002821
DYOR
Follow for Updates
#NOM #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare