MANTRA (OMUSDT) 24-Hour Market Overview

MANTRA (OMUSDT) closed at 0.2328 (12:00 ET) after trading between 0.2274 (low) and 0.2376 (high) over the 24-hour period. The market opened at 0.2324 (12:00 ET-1), with total volume of ~15,318,194 and notable turnover spikes.

Structure & Formations

Key Levels and Patterns

The price faced resistance near 0.235—a zone tested multiple times—before collapsing sharply on July 15 at 18:45 ET, forming a bearish engulfing candle with high volume. A potential support cluster exists between 0.23–0.231, where buyers have defended the price during recent dips. A doji pattern appeared around 03:00 ET (July 16), hinting at indecision.

Moving Averages

Neutral Momentum on Short-Term Frames

The 15-minute 20/50-period MAs (0.233/0.2325) remain tightly aligned, suggesting consolidation. On the daily scale, the 50-day MA (~0.232) aligns with current trading, while the 100-day MA (~0.234) acts as resistance.

MACD & RSI

Momentum in Mid-Range, No Extreme Conditions

The MACD histogram oscillates near zero, with no clear divergence from price action. The RSI (14) remains neutral (~48–55), avoiding overbought/oversold extremes.

Bollinger Bands

Volatile Breakout Followed by Contraction

The bands tightened during the July 15–16 lull, suggesting a potential volatility expansion. Price currently sits near the lower band (~0.23), which may act as a short-term support trigger.

Volume & Turnover

Volume Confirms Key Reversals

A 3.9M-volume spike at 01:00 ET (July 16) coincided with a sharp drop to 0.2274, reinforcing bearish pressure. Lower-volume periods (e.g., post-06:00 ET) suggest reduced urgency, favoring sideways trading.

Fibonacci Retracements

Key Levels at 38.2% and 61.8%

A 38.2% retracement (~0.233) and 61.8% (~0.2306) of the July 15–16 range form critical pivots. Breaks above 0.235 or below 0.23 could signal further directional bias.

Outlook & Risk

Over the next 24 hours, 0.23 resistance may cap gains, while a sustained break below 0.23 could target 0.227 or lower. Traders should monitor volume spikes and MACD crossovers for confirmation. As always, volatility in crypto markets carries execution risk.

• Price Range: $0.2274–$0.2376
• Bearish Signal: 18:45 ET engulfing candle with 879K volume
• Volatility Shift: Bollinger contraction followed by lower-band support test
• Volume Confirmation: 3.9M spike aligned with July 16 low
• Key Resistance: $0.235 (multi-day tested level)