NAORIS Consolidates in Tight Symmetrical Triangle Between $0.03526 and $0.03841 Ahead of Potentia...

NAORIS is consolidating in a symmetrical triangle between $0.03526 support and $0.03841 resistance, signaling potential breakout pressure.

Volume has steadily declined since early August, matching typical pre-breakout compression patterns.

A breakout above $0.03841 could target $0.0736, while a drop below $0.03526 risks a move toward $0.0273.

Naoris Protocol (NAORIS) continues trading within a tight range as price compression builds near a symmetrical triangle on the 4-hour chart. The asset, currently priced at $0.03676 has remained between defined support at $0.03526 and resistance at $0.03841 over the last 24 hours. This trading behavior follows a sharp downward trend in early August, which has now transitioned into a consolidation phase. Despite a 1.7% weekly decline, short-term structural changes are now evident.

Price Action Forms Narrow Triangle With Defined Breakout Levels

The chart displays a symmetrical triangle, typically formed by converging trendlines as volatility contracts. NAORIS has maintained higher lows over the past few days, testing the descending upper boundary multiple times. Volume has noticeably declined during the pattern’s development, consistent with standard triangle behavior ahead of expansion.

The breakout levels remain clearly defined. Immediate resistance is positioned at $0.03841, while key support rests at $0.03526. A confirmed close above resistance may expose price to the next key zone at $0.0736. However, if the price falls below support, the next major level to watch lies near $0.0273, as suggested by the chart's risk zone.

Volume Behavior and Range-Bound Activity Remain Key Focus

Volume indicators reflect declining participation since the initial move down earlier in August. Current daily volume stands at $54.92 million, consistent with the chart's visible reduction in buy and sell pressure. Despite narrowing candles, NAORIS has managed to hold its range with minimal deviation from the mean price.

Source: CoinMarketCap

Price briefly touched a high of $0.0377 today, staying within a tightly defined $0.00315 range. The asset currently trades at 0.063048 BTC and 0.058658 ETH equivalents, showing a 2.8% and 1.6% relative change, respectively. Market participants are watching closely as NAORIS trades at the apex of the formation.

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