NOM MARKET STRUCTURE UPDATE 🚀

I'm analyzing $NOM's recent price action, which indicates a potential upside of over 10% to reach the upper end of the range, with a 16.58% gain in the last 24 hours, and a notable increase in trading activity, with $5.33M in 24-hour volume, which shouldn't be ignored as it may indicate a potential shift in market structure ⚡. As $NOM approaches the resistance zone of ~$0.002497, it's crucial to assess the funding rates and VWAP to determine if the current momentum can be sustained, potentially leading to a 12% move to the next significant level 📈. With $NOM's price currently at $0.002250, a clean breakout above the mid-range level of $0.002190 could lead to a significant increase in liquidity pools, driving the price higher 🔥.

The volume profile suggests $NOM is gaining traction, with a 24-hour volume that's 25% higher than the 7-day average, which is a positive sign for market structure shift 📊. I'm watching for a potential order block breach at $0.002350, which could trigger a rapid price increase of 8% to $0.002550, with $NOM's funding rates and VWAP indicating a bullish trend 🔴.

It's essential to monitor $NOM's price action closely, as a move above $0.002497 could lead to a significant increase in buying pressure, driving the price towards $0.002800, a 24% increase from current levels, with $NOM's technical momentum acceleration rules suggesting a high probability of a continued uptrend 🎯.

DYOR

#NOM #GENERAL_ALTCOIN #Crypto #BinanceSquare