Market Overview for Decentraland/Tether (MANAUSDT)

Summary
• Price tested $0.1382 support and rebounded with a bullish engulfing pattern.
• Momentum waned near $0.142, with RSI signaling overbought conditions.
• Bollinger Band expansion from $0.1366 to $0.1428 highlights increased volatility.
• Turnover spiked sharply after 15:00 ET, confirming bearish sentiment.
• Fibonacci 61.8% level at $0.1387 acted as key resistance during a pullback.

Market Overview

Decentraland/Tether (MANAUSDT) opened at $0.141 on 2025-12-14 at 12:00 ET, reaching a high of $0.1428 and a low of $0.1366 before closing at $0.1408 on 2025-12-15 at 12:00 ET. Total 24-hour volume was 6.94 million MANA, with a notional turnover of $956,543.

Structure and Key Levels

The price found support at the $0.1382 level, with a notable bullish engulfing pattern forming as price bounced off this area. Resistance appears to be forming near $0.142 and $0.1428, with the 5-minute chart showing multiple rejections. The Fibonacci 61.8% retracement level at $0.1387 also served as a critical pivot point during a mid-day pullback.

Trend and Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages have been converging around $0.140, suggesting a potential pivot zone for the short-term. On the daily chart, price remains below the 200-period MA, indicating a longer-term bearish bias.

Momentum and Volatility

Relative Strength Index (RSI) reached overbought territory above 60 near $0.142, suggesting a potential pullback. A sharp contraction in Bollinger Band width occurred just before a large break-out to $0.1428, followed by a significant expansion, signaling rising volatility.

Volume and Turnover

Volume spiked after 15:00 ET as price dropped below key support at $0.1392, with notional turnover increasing sharply to over $750,000. This confirms bearish conviction. However, divergence appeared in the afternoon as volume waned during a sideways consolidation.

Outlook and Risk

Price may test the $0.1382 support again in the next 24 hours if bearish pressure continues. A break above $0.142 could reignite bullish momentum. Investors should remain cautious for a potential double-bottom formation or a breakdown to key Fib levels below $0.137.