Market Overview: MANTRA/Bitcoin (OMBTC) – 24-Hour Analysis and Outlook

• MANTRA/Bitcoin edged higher, closing near 1.36e-06 on 24-hour high-volume action after 15:45 ET.
• A bullish breakout attempt stalled near 1.36e-06, with a bearish reversal candle forming at the peak.
• Volatility dipped in early hours but flared post-16:00 ET as OMBTC traded within a tight range.
• RSI showed mild overbought conditions toward the close, while MACD diverged slightly from price.
• Turnover spiked during the 15:45 ET print, but price failed to confirm the strength post-breakout.

MANTRA/Bitcoin (OMBTC) opened at 1.3e-06 on 2025-10-09 at 12:00 ET and traded to a 24-hour high of 1.36e-06 by late October 10. The pair closed at 1.36e-06 as of 12:00 ET on October 10, after forming a key reversal pattern near the high. Total volume over the 24-hour window was 12,599.5, with notional turnover reaching 16.36e-06. The price action reflected a tug-of-war between bullish and bearish forces, particularly near 1.36e-06.

Structure & Formations

The 15-minute chart showed a key resistance forming around 1.36e-06, where OMBTC struggled to hold after a sharp breakout from 1.35e-06. A bearish reversal candle at 15:45 ET suggested sellers regained control. A doji formed at 1.36e-06, signaling indecision, while support levels at 1.34e-06 and 1.33e-06 held during pullbacks. A bullish engulfing pattern was visible from 16:45 ET to 17:00 ET, but it failed to push the pair above 1.31e-06 for sustained gains.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in late trading on October 9, providing a bullish signal. The 50-period MA, at 1.305e-06, acted as a dynamic support level for much of the session. The 100-period MA on the daily chart was near 1.31e-06, suggesting a potential pivot point. The 200-period MA, at 1.298e-06, remained a key long-term support level.

MACD & RSI

MACD showed a bearish divergence in the final hours of the session, with the histogram shrinking as price made a high at 1.36e-06. The MACD line crossed below the signal line near the close, hinting at a potential pullback. RSI reached 65–70 in the final two hours, indicating mild overbought conditions. However, the lack of follow-through above 1.36e-06 suggests the uptrend may be losing steam.

Bollinger Bands

Bollinger Bands expanded during the breakout attempt, with the high at 1.36e-06 reaching the upper band. Price then consolidated within the bands for most of the closing hours, suggesting volatility may subside. The middle band on the 15-minute chart hovered near 1.33e-06, aligning with the 50-period MA, indicating a balanced market.

Volume & Turnover

Volume surged sharply during the 15:45 ET candle as OMBTC reached 1.36e-06, with a turnover spike of 1.29e-06. However, volume tailed off in the following hours, signaling weakness in the rally. Notional turnover remained consistent during the consolidation phase, suggesting market participation was sustained. A divergence between price and turnover emerged after the high, with turnover slowing while price remained near key resistance.

Fibonacci Retracements

Fibonacci levels aligned with key resistance at 1.36e-06 (61.8% retracement of the 1.28e-06 to 1.36e-06 move) and support at 1.34e-06 (38.2%). The 61.8% level coincided with the 15-minute high, indicating a potential reversal point. The 50-period MA and 61.8% retracement formed a strong cluster zone that OMBTC tested but failed to break.

Backtest Hypothesis

The backtest strategy focuses on a breakout-follow-through pattern: entering long when price closes above the 61.8% Fibonacci level and the 50-period MA with a bullish engulfing candle, and exiting on a bearish reversal (doji or inverted hammer) or a close below the 38.2% retracement. Over the past 24 hours, this pattern was partially confirmed during the 15:45 ET breakout, but the lack of follow-through and bearish reversal at 1.36e-06 suggest a potential entry for shorting or tightening stop-losses for longs. The strategy’s success hinges on sustained volume and MACD alignment, both of which weakened in the final hours.