MANTRA (OMUSDT) Market Overview: Volatility and Momentum Shifts in a 24-Hour Window

MANTRA (OMUSDT) opened at $0.2324 on 2025-07-18 12:00 ET and closed at $0.2273 on 2025-07-19 12:00 ET, with a high of $0.2366 and a low of $0.2212. Total 24-hour volume was 17,865,674.1 and turnover was $4,287,438.36.

• Price tested key resistance at $0.2366 and failed to hold above $0.233, confirming bearish momentum.
• A large bearish engulfing pattern formed around $0.233–$0.2299, suggesting a short-term reversal.
• RSI dipped into oversold territory below 30 after the selloff, hinting at potential short-covering or stabilizing demand.
• Volatility expanded significantly during the sell-off, with price dropping below the lower Bollinger Band.
• Volume surged during the $0.2366–$0.2212 decline, confirming the bearish move with strong conviction.

Structure & Formations

Price action revealed a key bearish engulfing pattern around 2025-07-18 19:00 ET, with a high of $0.2322 and a close of $0.2299. This pattern, combined with a failure to retest $0.2366, suggests short-term bearish continuation. A doji formed near $0.2273–$0.2275, indicating indecision and potential consolidation. Key support levels are forming around $0.226–$0.228, with a critical psychological level at $0.225.

Moving Averages

On the 15-minute chart, the 20-period MA has been trending downward, confirming bearish momentum. The 50-period MA is also sloping lower but has not crossed below the 20-period MA yet, suggesting the bearish trend is still intact but may be losing steam. On the daily chart, the 50-period MA is above the 100- and 200-period MAs, indicating a longer-term bearish bias.

MACD & RSI

The MACD line has been negative for most of the 24-hour period, with the histogram shrinking slightly in the last few hours, suggesting easing bearish momentum. RSI has dipped into oversold territory below 30 for a short period, indicating that further downward movement could trigger short-term buying. However, RSI remains bearish overall, with no clear overbought conditions observed.

Bollinger Bands

Volatility expanded significantly during the selloff, with price dropping below the lower Bollinger Band at one point. This expansion suggests increased fear or profit-taking. Price has since returned to the middle band, indicating a possible return to equilibrium. No clear squeeze patterns were observed, but the wide bands suggest that volatility remains a key factor.

Volume & Turnover

Volume surged during the sell-off from $0.2366 to $0.2212, confirming bearish conviction. The largest single candle in terms of volume was the 2025-07-18 20:30 ET candle, which recorded a volume of 2,029,855.2 and a price drop of $0.2288 to $0.2250. Turnover also spiked during this period, indicating strong participation. No major price-volume divergence was observed, suggesting the bearish move is supported by liquidity.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent swing high of $0.2366 and low of $0.2212, the 38.2% level is around $0.2276 and the 61.8% level is near $0.2250. Price has recently bounced off the 61.8% level, suggesting it may find support there in the near term. A break below $0.225 could trigger a test of the next Fibonacci level at $0.2229.

MANTRA (OMUSDT) appears to be in a bearish phase with strong conviction, particularly in the 15-minute time frame. While the RSI dip into oversold territory hints at a potential rebound, the broader trend remains bearish. Traders may look for a consolidation around $0.225–$0.228 before positioning for a potential rebound or further decline. As always, volatility and volume dynamics could shift quickly, so close monitoring is advised.