MANTRA/Bitcoin Market Overview – September 27, 2025

• MANTRA/Bitcoin (OMBTC) formed a bullish breakout above a key resistance level near 1.5e-06 with rising volume.
• RSI and MACD suggest strengthening momentum, with RSI approaching overbought territory.
• Volatility expanded following a Bollinger Band squeeze early in the session.
• Price tested Fibonacci 61.8% support twice, confirming its relevance.
• Turnover spiked near 15:45 and 02:15 ET, aligning with breakout and retest phases.

The MANTRA/Bitcoin (OMBTC) pair opened at 1.48e-06 on September 26 at 12:00 ET, reached a high of 1.53e-06, and settled at 1.53e-06 by 12:00 ET September 27. Total volume was approximately 14,703.8, with a notional turnover of $22.05 (assuming a BTC price of $60,000). The 24-hour move reflected a bullish breakout and retest dynamic amid a moderate rise in volume and volatility.

Structure & Formations

Price broke above the 1.5e-06 level around 02:15 ET, forming a bullish continuation pattern after consolidating between 1.49e-06 and 1.5e-06 for several hours. A key retest of this level occurred at 15:45 ET, where buyers re-entered the market, forming a hammer-like candlestick. Notably, a bearish engulfing pattern appeared briefly at 22:45 ET but failed to reverse the trend. A doji formed at 08:45 ET, signaling indecision before a renewed push higher. The 1.5e-06 level acted as a significant support zone, while 1.53e-06 emerged as a new short-term resistance.

Moving Averages

On the 15-minute chart, the price remained above both the 20-period and 50-period moving averages for most of the session, with the 20-period line accelerating upward as the trend progressed. On the daily timeframe, the price held above the 50-day and 100-day averages but remained below the 200-day line, suggesting a medium-term bullish but longer-term neutral stance.

MACD & RSI

The MACD turned positive and showed a strong bullish divergence around 02:15 ET, confirming the breakout. The histogram widened, showing increasing momentum. RSI climbed into overbought territory (above 70) by the end of the session, which may indicate a potential pullback. However, RSI remained above 50 throughout, supporting the ongoing bullish bias.

Bollinger Bands

Volatility contracted slightly between 19:00 and 01:00 ET, with the bands narrowing before expanding again after the breakout. The price closed near the upper Bollinger Band, indicating strong bullish momentum. A few candles tested the lower band during consolidation periods, reinforcing the 1.49e-06 support level.

Volume & Turnover

Volume surged around 02:15 ET and 15:45 ET, coinciding with the breakout and retest of 1.5e-06. Turnover followed volume closely, suggesting strong conviction in both directional moves. During consolidation periods, volume remained relatively low, indicating a lack of bearish follow-through.

Fibonacci Retracements

Applying Fibonacci retracements to the 1.49e-06 to 1.53e-06 swing, the 61.8% level (1.51e-06) acted as a strong support zone during a key retest at 08:45 ET. The 78.6% level (1.52e-06) was briefly tested but held, suggesting a potential target for further bullish momentum if buyers continue to reinforce the 1.53e-06 level.

Backtest Hypothesis

Given the observed breakout and retest dynamics, a potential backtesting strategy could involve a long entry on a breakout above 1.5e-06 with a stop just below 1.49e-06. A trailing stop could be placed at the 1.51e-06 level to protect gains, while a take-profit target could be set near 1.53e-06 based on the RSI overbought signal and Bollinger Band position. This strategy would aim to capture the initial bullish momentum while managing risk through defined exits. The MACD crossover and volume confirmation could serve as entry confirmation filters.