Market Overview for Decentraland/Tether (MANAUSDT)

Summary
• Price tested key support at 0.1370 and showed rejection with bullish reversal hints around 0.1375–0.1380.
• Volume and turnover surged in the final 6 hours, indicating increased market participation.
• RSI entered oversold territory, hinting at potential near-term buying interest.
• Bollinger Bands expanded through the morning, reflecting elevated volatility.
• A 50-period EMA crossed above the 20-period EMA late afternoon, signaling short-term bullish momentum.

24-Hour Market Summary

The Decentraland/Tether (MANAUSDT) pair opened at 0.1439 on 2026-01-11 at 12:00 ET and closed at 0.1381 on 2026-01-12 at 12:00 ET. The price ranged between 0.1447 and 0.1351 during the period. Total trading volume reached 10,770,590 MANA, with a notional turnover of 1,482,695.52 USDT.

Structure & Candlestick Formations

Price action displayed several key levels of interest. A bearish breakdown from 0.1410–0.1430 failed to hold, and a bullish reversal was observed near 0.1375–0.1380, marked by a series of small bodies and a rejection candle at 0.1373. A potential support zone was formed between 0.1370–0.1375. No major doji or engulfing patterns were observed, but the consolidation at 0.1375–0.1385 suggests buyers may be entering.

Moving Averages and Momentum

Short-term momentum appears to have shifted in favor of buyers, with a 50-period EMA crossing above the 20-period EMA on the 5-minute chart during the late afternoon. The 200-period daily EMA is still above the current price, suggesting a longer-term bearish bias. The MACD remained below zero for much of the period but showed a positive divergence in the last 4 hours.

Relative Strength Index and Volatility

The RSI dipped into oversold territory at 28 late morning and closed near 32, suggesting a potential rebound. Bollinger Bands expanded significantly during the early hours of the period, indicating heightened volatility, which has since begun to contract. Price spent a significant portion of the 24-hour period below the lower band, consistent with a bearish bias.

Volume and Turnover Analysis

Volume spiked sharply from 09:00 ET to 12:00 ET, reaching a peak of 1.077 million MANA traded in a single 5-minute interval. This coincided with a price rebound from 0.1373. Notional turnover followed a similar pattern, surging to nearly 14,827 USDT in the largest candle, indicating aligned price and volume action. No significant divergence was observed between price and turnover.

Fibonacci Retracements

Key Fibonacci levels from the 0.1447–0.1351 swing showed price testing the 61.8% (0.1375) and 78.6% (0.1383) retracement levels. A successful close above 0.1385 could trigger a move toward the 88.6% level at ~0.1401. Conversely, a breakdown below 0.1370 would target the 100% level at 0.1351.

Price may find direction in the next 24 hours based on the breakout of the 0.1385–0.1390 range. A break above this could indicate renewed buyer interest, while a failure to hold 0.1375 could lead to further downward extension. Investors should remain cautious of thin volume levels and potential volatility shifts.