NOM PLUNGES THROUGH SUPPORT 🚨📉
$NOM smashed through the 4‑hour order block at $0.002448, diving below the intraday support line and triggering aggressive sell pressure across the futures book 🚨
Volume surged past $68 M in the last hour, confirming that institutional‑style liquidation is accelerating momentum to the downside 📉
The $0.002448 support corridor is now fragile, with price flirting around $0.002460 before slipping back toward the $0.002440 floor ⚡
If the market absorbs this pressure, a bounce toward the mid‑range $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 risk‑on assets, reinforcing the bearish bias on
$NOM as market makers tighten the bid‑ask spread.
The prevailing macro theme of capital reallocation into stable‑yield 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
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