$NMR /USDT Technical Outlook – Short-Term Accumulation or Just a Relief Bounce🤔👇
Current Price: $9.09🦋
Timeframe Observed: 1H & 4H⌛
Price Action Summary:📉
After an impulsive rally toward $12.23 followed by an aggressive sell-off, $NMR has found temporary support around the $9.00 psychological zone. The price is currently consolidating beneath a heavy volume resistance wall (highlighted by VPVR) around $10.15–$10.19.
🔹 1H Chart Highlights:
Multiple rejection candles near $10.15 indicate seller strength at that level.
RSI is recovering from oversold zones but still lacks bullish divergence.
Small green candles near $9.00 suggest weak buyer pressure.
🔸 4H Chart Insights:
Strong previous bullish candle failed to follow-through, indicating profit booking.
Volume profile suggests sellers are active above $10.00.
Price is sitting slightly above a demand block, but trend continuation is uncertain without a breakout above $10.20.
📈 Strategy Insight (Bearish Continuation Bias):
If $NMR breaks below $9.00 again with volume, a retest of $8.50 and even $8.13 (recent low) becomes likely.
Bulls must reclaim $10.20 on closing basis to shift trend structure.
Until then, this bounce may be a lower high in the making.
🧠 Pro Trader Tip:
"Don’t let minor green candles blind your view—volume and structure always tell the real story."
📌 Global Sentiment :
The broader altcoin market has shown weakness as BTC dominance edges higher.
No major bullish news for NMR recently—momentum appears technical, not fundamental.
⚠️ Disclaimer: This is a technical analysis-based view, not financial advice. Always do your own research and manage risk wisely.
