MANTRA/Bitcoin Market Overview for 2025-11-02

• Price consolidates tightly between 9.5e-07 BTC and 9.7e-07 BTC, with limited breakout attempts.
• No significant RSI divergence or overbought/oversold signals observed.
• Volume remains negligible throughout most of the 24 hours, suggesting a lack of conviction.
• A bullish engulfing pattern appears at 08:30 ET, but fails to maintain upward momentum.
• Bollinger Bands show minimal volatility; price remains within the mid-band most of the session.

At 12:00 ET–1 on 2025-11-02, MANTRA/Bitcoin (OMBTC) opened at 9.5e-07 BTC, reached a high of 9.7e-07 BTC, touched a low of 9.4e-07 BTC, and closed the 24-hour period at 9.5e-07 BTC. Total volume traded was 14,298.9 BTC, with a total turnover of $0.0136. The pair remained in a tight range, with little directional bias and minimal trading activity.

Structure & Formations

Price action over the past 24 hours shows a narrow consolidation between 9.5e-07 BTC and 9.7e-07 BTC, acting as a tight trading range with recurring tests at the upper and lower bounds. A notable bullish engulfing pattern formed at 08:30 ET when the pair broke above 9.6e-07 BTC after a brief dip to 9.5e-07 BTC. However, the move failed to sustain, and price pulled back within the same range shortly after. A bearish rejection from 9.7e-07 BTC appears at 23:45 ET and again at 08:45 ET, suggesting the level could act as short-term resistance. A doji at 14:30 ET indicates indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are closely aligned, reinforcing the flat, range-bound nature of the price. The 20SMA is at 9.58e-07 BTC, and the 50SMA at 9.56e-07 BTC, with price fluctuating slightly above and below both. For the daily chart, the 50DMA and 200DMA are nearly overlapping at 9.55e-07 BTC, indicating a neutral bias and potential support.

MACD & RSI

MACD remained near the zero line with no clear divergence, and the histogram showed minor fluctuations. RSI hovered between 45 and 55 for most of the period, indicating a neutral to slightly bullish tone, but no overbought or oversold conditions developed. A minor RSI bearish divergence is observed at the 17:00–17:30 ET time frame, but it lacked confirmation in price.

Bollinger Bands

Volatility remained contracted, with the Bollinger Bands narrowing significantly. Price spent most of the session within the middle band, and occasional retests of the upper and lower bands failed to trigger a breakout. This suggests a potential range expansion in the near term could offer early entry signals for traders.

Volume & Turnover

Volume was consistently very low, with only a few spikes exceeding 100 BTC at 18:15 ET and 08:30 ET. Despite a large volume spike at 08:30 ET (8484.8 BTC), the price quickly returned to its range, indicating lack of conviction. Notional turnover also remained flat, with most 15-minute intervals registering less than 10 BTC in turnover. No significant divergences between volume and price were observed.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 9.4e-07 BTC to 9.7e-07 BTC, the 38.2% and 61.8% retracement levels are at 9.58e-07 BTC and 9.54e-07 BTC, respectively. The 23.6% level at 9.64e-07 BTC has already seen price rejection, suggesting that 9.54e-07 BTC could be a potential support area if the pair breaks down further.

Backtest Hypothesis

Given the lack of historical data due to an unresolvable ticker symbol issue, a rigorous backtest of the 9.5e-07 BTC and 9.6e-07 BTC support and resistance levels is not feasible at this time. However, based on the current structure, a potential strategy would involve placing buy stops above 9.6e-07 BTC and sell stops below 9.5e-07 BTC, with a target of 9.7e-07 BTC for longs and 9.4e-07 BTC for shorts. Stop-loss levels could be placed at 9.48e-07 BTC for longs and 9.52e-07 BTC for shorts, ensuring a 0.5% risk-reward ratio. If historical data is made available using the correct ticker format (e.g., “OMBTC@BINANCE”), this strategy could be evaluated for consistency and profitability over the past 3 years.