DeFi · rank #334

Numeraire NMR

NMR cycle analysis · chart, confirmed lows and fundamentals

$11.28-0.5% 1d-7.3% 7d+18.9% 30d

Phoenix · monthly · score 52.8 mixed

39.4% below its 365-day high of $18.61 (2026-10-06), +80.8% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
6.2913.6929.782024-052025-072026-10low 7.81 (86%)monthly trigger 9.46
Where it stands

Not on the Broken Coins list.

Not on the Broken Coins list: 39% below its rolling 365-day high, under the 50% Watch line, and no crash trigger.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +44.4% above the Aug 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 2U

Last bars
2Dg 2Ur 2Dg 2Ug 2Ug
Confirmed low
$7.81 · 2026-08-31
Position
2 of median 5 (max 12)
Current low
$7.81 · confirmed
Cycle-low confidence
32% · in band
Confirmed lows
14

Weekly 1

Last bars
2Ug 2Ug 2Ug 2Dr 1g
Confirmed low
$8.53 · 2026-09-20
Position
5 of median 5.0 (max 18)
Current low
$10.86 · unconfirmed
Confirms above
$14.07
Cycle-low confidence
85% · in band
Confirmed lows
53

Daily 1

Last bars
3g 2Dr 1r 2Dg 1r
Confirmed low
$11.45 · 2026-10-15 (daily)
Position
6 of median 5 (max 16)
Current low
$10.86 · unconfirmed
Confirms above
$12.21
Cycle-low confidence
50%
Confirmed lows
434
The full read, in sentences
  • Monthly: forming bar is a green 2-Up. Last confirmed swing low 7.81 (Aug 2026), month 2 of a cycle that has typically run 5. Cycle-low confidence 32%.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 8.53 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 10.86 is unconfirmed — it confirms above 14.07. Cycle-low confidence 85%.
  • Daily: bar is a red inside bar. Last confirmed swing low 11.45 (2026-10-15), day 6 of a cycle that has typically run 5. Current low 10.86 is unconfirmed — it confirms above 12.21. Cycle-low confidence 50%.
  • Phoenix: 86% decline over 29 months, monthly swing low confirmed (next-bar), now +44% above the trough; first weekly pullback after the low confirmed 2026-09-27 (trigger 9.36).
  • Gauges: Mayer multiple 1.21 (neutral); -22% vs the 200-week average; -87% from the all-time high.

Has Numeraire bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the NMR snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $7.81 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $8.53 from 2026-09-20. A newer candidate at $10.86 is unconfirmed; its confirmation level is above $14.07, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $11.45 from 2026-10-15. A newer candidate at $10.86 is unconfirmed; its confirmation level is above $12.21, provided the candidate low is not undercut first.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Numeraire below its high?

The Coinbase price snapshot is 39.4% below its rolling 365-day high of $18.61 from 2026-10-06. Separately, CoinGecko reports -87.9% relative to its all-time high of $93.15 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Watch; recovering · Phoenix monthly → Phoenix monthly
  2. Amber List; recovering · Phoenix monthly → Watch; recovering · Phoenix monthly
  3. First observed: Amber List; recovering · Phoenix monthly

Phoenix

stopped falling, by the rules
Peak
$54.39 · Mar 2024
Trough
$7.81 · Aug 2026
Decline
-85.6% over 29 months
Above trough
+44.4%
Monthly
confirmed (next-bar) · trigger $9.46
Weekly
confirmed (late (2 bars))
False bottom
none
Entry
pullback #1 low $8.53 confirmed 2026-09-27 · trigger $9.36
Score 52.8
decline27.8
confirmation25
earliness0
stale0
false bottom0
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health66 / 100 · Sound
Liquidity (24h volume / market cap)
can you get out
13.32 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
1.48 x11.4 / 15
Size (market-cap rank)
survivorship
334 #0 / 15
Age on Coinbase
survived a cycle
6.1 yrs10.0 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$82.0M
Fully diluted
$121.2M
24h volume
$10.9M
Circulating
7,172,768 of 11,000,000 max
All-time high
$93.15 · 2021-05-16 (-87.9%)
Mayer multiple
1.207 · neutral
vs 200-week avg
-21.8%
Pi cycle
0.529
On Coinbase since
2020-08-31 (2243 bars)
CoinGecko id
numeraire

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources