Is $NOM ‌ finally bottoming out or is there more pain to come?


Checking the 1h chart for NOM/USDT and it's a bit of a mixed bag. After that massive spike to 0.00737, the price has been in a steady slide, recently hitting a low around 0.00596.
We’re currently hovering at 0.00603, trying to find some support in this zone.
The volume has definitely cooled off compared to the big push, and the order book is showing a slight edge for the buyers at 53.96%, but they aren't pushing very hard yet.
We need to see a solid close above 0.00615 to start thinking about a reversal.
If we lose this 0.0059 level, it could get messy fast.
But if this consolidation holds, we might be looking at a slow grind back toward the 0.0065 resistance.
Watching this one closely for a volume spike.

#Web3FebruaryFocus
NOM2.97%
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