Market Overview for Manta Network/Bitcoin (MANTABTC)

Summary
• Price remained tightly range-bound near 1.05e-06 on MANTABTC.
• No significant momentum seen with RSI hovering near mid-range.
• Volume surged during late ET hours but failed to break key levels.

Manta Network/Bitcoin (MANTABTC) opened at 1.04e-06 on 2025-12-06 12:00 ET, reached a high of 1.06e-06, and closed at 1.04e-06 as of 2025-12-07 12:00 ET, with a low of 1.04e-06 over the 24-hour window. Total volume was 109,896.8 with turnover of approximately 0.11 BTC.

Structure & Formations

Price action showed a tight consolidation range between 1.04e-06 and 1.06e-06, with no decisive breakouts. A small bearish engulfing pattern formed at 2025-12-07 03:00 ET, followed by a doji at 04:45 ET, signaling indecision. Support at 1.04e-06 and resistance at 1.06e-06 appear to be key psychological levels.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart remained nearly flat, suggesting no strong directional bias. RSI hovered near 50, indicating balanced buying and selling pressure without clear overbought or oversold signals. MACD showed a weak and narrow histogram, reinforcing the lack of momentum.

Volatility and Volume

Volatility was minimal, with prices staying near the mid-range of Bollinger Bands. Volume picked up sharply during the 18:45 ET to 22:15 ET timeframe, particularly at 18:45 ET with a spike of 9,523.8 units, yet this did not translate into price movement beyond the consolidation range. The divergence between volume and price highlights uncertainty.

Fibonacci Retracements

Applying Fibonacci levels to the 1.04e-06 to 1.06e-06 swing shows 1.05e-06 as the 50% retracement level and 1.0475e-06 as 38.2%. Price has tested 1.05e-06 repeatedly but lacks the strength to breach 61.8% or retest the high.

The next 24 hours may see a test of 1.04e-06 support or 1.06e-06 resistance, depending on whether accumulation or distribution builds. Traders should remain cautious and monitor for any breakout confirmation or volume spikes.