Nimiq / Tether
Long

NIM/USDT (1W): Consolidation & Volume Absorption at POC

48

Technical Observations:
Price Action: Trading at multi-year lows, currently testing the lower boundary of a long-term consolidation range.
Volume Profile: Significant spike in the High Volume Area at current levels. The price is hovering around the POC (Point of Control), indicating a zone of maximum market interest.
Cumulative Delta: CDV shows stabilization despite prior selling pressure, suggesting a potential transition from distribution to absorption.
Key Levels: Immediate resistance sits at the POC flip. A clear break above this density zone targets the liquidity gap toward 0.0022.
Conclusion: Technical data shows a bottoming process characterized by high volume density. The structural shift remains dependent on the reclaim of the POC level.

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