NOM rose roughly

↗3%

over the past 24 hours following the

, while trading volume increased roughly

↗27%

over the past week.

Price and market value rise

Market value increased roughly

↗4%

over the past 24 hours while the asset traded near its 24-hour high, though roughly 2.5 times more people were selling than buying over the same period.

Selling pressure present

Roughly 2.5 times more people sold than bought over the past 24 hours, creating selling pressure despite the price increase.

Performance versus DeFi peers

NOM declined roughly

↘9%

relative to DeFi category peers over the past week, as the broader DeFi sector rose roughly

↗15%

over the same period.

Trading activity expands

Trading positions expanded roughly

↗1%

over the past 4 hours, while market-wide short liquidations exceeded long liquidations by approximately 1.5 times over the past 24 hours.