MANTA/Bitcoin Market Overview

Summary• Price opened at $1.05e-06 and closed at $1.17e-06, forming a mixed consolidation pattern.
• Volume spiked significantly during the 5:15 AM to 5:45 AM ET window, suggesting active accumulation.
• RSI remained neutral, indicating potential for further upward movement without overbought conditions.

Manta Network/Bitcoin (MANTABTC) opened at $1.05e-06 and closed at $1.17e-06 on 24-hour data ending at 12:00 ET on 2025-11-13. The pair hit a high of $1.21e-06 and a low of $1.03e-06, with total volume of 187,044.0 and total turnover of $198.56. The price formed a mixed consolidation pattern, showing early bearish pressure followed by bullish momentum in the morning hours.

Structure & Formations

The price exhibited a key support level near $1.03e-06, where the price rebounded twice on lower volume. A bearish engulfing pattern occurred at 4:30 AM ET, followed by a bullish reversal at 5:15 AM ET. This suggests a possible short-term reversal in sentiment. A doji formed at 12:15 AM ET, indicating indecision and a likely continuation of consolidation.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed above the 50-period line in the morning, signaling a potential short-term bullish bias. The 50-period moving average also rose through the 100-period line, reinforcing the positive trend. For daily charts, the 50-period moving average crossed above the 200-period line, suggesting a longer-term bullish trend may be in place.

MACD & RSI

The MACD crossed into positive territory during the 5:15 AM to 5:45 AM ET window, confirming bullish momentum. RSI remained in the 45–55 range, indicating a balanced market and no immediate overbought or oversold conditions. This suggests the market is in a consolidation phase with potential for a breakout either direction.

Bollinger Bands

Price activity remained near the upper band between 5:00 AM and 5:30 AM ET, indicating high volatility. The bands showed a contraction during the 2:00 AM to 3:00 AM ET period, which may precede a breakout. Currently, the price is positioned near the middle band, suggesting a continuation of the consolidation phase is likely.

Volume & Turnover

Volume spiked dramatically in the 5:15 AM to 5:45 AM ET window, with the highest turnover recorded at that time. This aligns with the bullish reversal in price action and indicates strong accumulation. However, volume declined afterward, suggesting a lack of follow-through and potential for a retest of recent support levels.

Fibonacci Retracements

Fibonacci levels applied to the most recent swing high of $1.21e-06 and low of $1.03e-06 showed key levels at $1.10e-06 (61.8%) and $1.08e-06 (38.2%). The current price of $1.17e-06 is above the 61.8% level, suggesting that a retest of this level could trigger a bearish correction if not held.

Backtest Hypothesis

The bearish engulfing pattern observed during the 4:30 AM to 5:15 AM ET window could serve as a sell entry point, with a stop-loss placed above $1.21e-06 and a take-profit at $1.10e-06. A long strategy could use the bullish reversal at 5:15 AM ET with a stop-loss below $1.03e-06 and a target of $1.21e-06. These levels align with key Fibonacci and support/resistance zones identified in the analysis. For a backtest from 2022-01-01 to today, the strategy would need to be applied to MANTABTC or similar assets with defined risk parameters.