NOM Price Rise Analysis - February 8, 2026
Currently, NOM exhibits negative funding rates despite a falling price, suggesting shorts are incentivized to maintain their positions. If these conditions persist, short positions may become unsustainable, leading to a potential price rise as shorts cover. We are monitoring for potential upward movement.
Key Metrics
Analysis
NOM is currently trading at $0.01, experiencing a 24-hour price decrease of 5.41%. The average daily funding rate is significantly negative at -5.192%, with a decreasing trend. This indicates that short positions are paying substantial fees to long positions. Despite the negative funding rates, the price has not been rising, which could suggest strong shorting pressure.
In previous instances where an asset exhibited persistently negative funding rates coupled with a stagnant or falling price, short positions sometimes became unsustainable. As short-sellers tire of paying funding fees, they may choose to close their positions by buying back the asset. This influx of buy orders could trigger an upward price movement.
NOM is available for trading on the following exchanges: Bybit (funding rate: -12.000%), MEXC (funding rate: -2.310%), and Aster (funding rate: -1.266%). The varying funding rates across exchanges might present opportunities for arbitrage or hedging strategies (for educational purposes only, not a recommendation).
Levels to monitor include a potential support level around $0.01 (representing a 15-20% upward move) and a resistance level around $0.01. These levels are based on past price action and should be observed as potential areas of price reaction.
Other assets exhibiting similar conditions of negative funding rates and downward price action might warrant further investigation to identify potential convergence or divergence in market behavior.
This scenario would be invalidated if the funding rates turn positive, indicating a shift in market sentiment, or if the price continues to decline significantly despite the negative funding rates, implying even stronger selling pressure. This is educational research, not financial advice. Trading involves risk.
Risk Assessment
Market risks could lead to an opposite outcome if the overall cryptocurrency market experiences a significant downturn. This could increase selling pressure on NOM, outweighing any potential short covering. Unexpected news events or regulatory changes could also drastically alter market sentiment.
Volatility and liquidity risks are also present. NOM is a relatively low-priced coin, and its price can be subject to significant fluctuations. Low liquidity could exacerbate these fluctuations, making it difficult to enter or exit positions at desired prices. Always consider position sizing appropriately for risk tolerance.
Disclaimer: Past patterns do not guarantee future results. This is an educational research report and not financial advice. Trading cryptocurrencies involves substantial risk of loss. Individual traders must conduct their own due diligence and risk assessment before making any trading decisions.
Trading Strategy
A delta-neutral strategy could theoretically be applied to these conditions to capture the funding rate while minimizing directional risk. Given the current price of $0.01, a trader could consider longing NOM on Bybit (due to the higher negative funding rate of -12.000%) and simultaneously shorting NOM on another exchange or hedging with derivatives, aiming for a delta-neutral position. The objective would be to profit from the funding rate differential.
Technical support levels observed are around $0.01. If the price were to fall, this level might act as a potential area of support. Observed resistance levels are around $0.01. If the price were to rise, this level might act as an area of resistance.
Disclaimer: This is NOT a trading recommendation. This is for educational purposes only. Individual traders must conduct their own research and understand the risks involved before implementing any trading strategy. Consider your own risk tolerance and consult with a qualified financial advisor before making any investment decisions.
Exchange Data
| Exchange | Price | Funding Rate | Open Interest |
|---|---|---|---|
| Bybit | $0.006 | -2.0000% | - |
| MEXC | $0.006 | -0.7700% | - |
| Aster | $0.006 | -0.4219% | - |
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Cryptocurrency trading involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always do your own research before making investment decisions.