$NOM — Accumulation Opportunity

Since the contract went live, price has been under heavy pressure for more than eight weeks, shedding close to 90% of its value. That extended sell-off appears to have exhausted momentum.

The spot market has already formed a base, followed by two straight days of upside movement.

After reaching a short-term high yesterday, price pulled back sharply—but the decline has now stalled. Buyers are stepping in again, and recovery is underway. On the 1-hour timeframe, structure is turning upward with consistent higher movement.

This zone offers a favorable entry window as momentum begins to shift back to the upside.