Market Overview: MANTRA/Tether (OMUSDT) on 2025-12-22

Summary
• Price surged from $0.0679 to a high of $0.0722 before consolidating near $0.0710.
• Volume spiked over 1.2 million during the bullish break, confirming strength.
• Bollinger Bands reflect moderate volatility with price near the upper band.
• MACD turned positive, while RSI showed overbought conditions near 70.
• A potential 61.8% Fibonacci retracement level is near $0.0709, aligning with recent support.

MANTRA/Tether (OMUSDT) opened at $0.0679 on 2025-12-21 at 12:00 ET and reached an intraday high of $0.0722 before closing at $0.0710 on 2025-12-22 at 12:00 ET. The price traded between $0.0677 and $0.0722, with a 24-hour trading volume of 11.2 million and notional turnover of $767,000.

Structure & Moving Averages

Price moved decisively above the 5-minute 20- and 50-period SMAs, forming a bullish breakout pattern. On the daily chart, the 50/100/200 EMAs appear to be converging near $0.0705–$0.0710, offering potential support if the move stalls.

MACD and RSI

The 5-minute MACD crossed into positive territory with a strong histogram surge, reinforcing the bullish bias. RSI pushed into overbought territory (70–75), suggesting caution for near-term corrections.

Bollinger Bands and Volatility

Volatility expanded as price pushed toward and briefly exceeded the upper Bollinger Band. Price has since settled near the band’s upper edge, indicating a continuation of high tension and potential for retest of key resistance levels.

Volume and Turnover

Trading volume spiked above 1.2 million during the morning ET push to $0.0722, with notional turnover surging over $80,000 in a single 15-minute interval. Volume and price action aligned during the move up, offering confirmation of the bullish bias.

Fibonacci Retracements

The 61.8% Fibonacci retracement level from the recent 5-minute swing is near $0.0709, where the price has found support in multiple candle intervals. This level may act as a short-term floor ahead of further upward attempts.

Looking ahead, a retest of $0.0722 may offer confirmation of a broader bullish trend, though traders should watch for a pullback into the 50 EMA or 61.8% Fibonacci level for potential support. As always, volatility remains high, and sudden corrections may occur with macro or sector shifts.