NOM - Dropped by 15.73% over the past 24 hours as a result of a significant short-term downturn

As of October 15, 2025,

experienced a 15.73% decrease over the past day, falling to $0.01904. Over the previous week, NOM surged by 258.62%, but over the past month and year, it declined by 5240%.

Despite a notable increase in the week prior, NOM has recently undergone a sharp short-term drop. The 15.73% fall in the last 24 hours points to increased volatility, which could signal intensified bearish sentiment or a shift from earlier upward momentum. Although the 258.62% weekly rise highlights a rapid upward move, the subsequent decline emphasizes the asset’s vulnerability to shifts in market dynamics and liquidity.

Such price fluctuations are often indicated by technical tools, especially when momentum measures like RSI and MACD transition from overbought to oversold territory. The current value of $0.01904 is seen as a significant support area, and whether NOM can maintain this level will be crucial for its short-term outlook.

Experts believe the coming 24 to 72 hours will be pivotal in determining if this downturn is merely a brief correction or the onset of a longer-lasting bearish trend. Market participants are watching critical support and resistance points, along with on-chain data such as net inflows and open interest, to assess the intensity of selling pressure.

The following Backtest Hypothesis section will analyze how similar historical price drops—like the recent 15% decline in NOM—have played out under specific conditions. Through a systematic backtesting approach, it may be possible to uncover recurring trends or strategies that fit the present scenario.