Market Overview: Decentraland/Tether (MANAUSDT) 24-Hour Analysis

Summary
• Price declined from 0.1237 to 0.1212, forming a bearish flag pattern.
• RSI remains in oversold territory, suggesting potential short-term rebound.
• Volatility increased with a widening of Bollinger Bands in late ET trading.
• Volume surged above 1 million on the 24-hour chart, confirming the downward move.
• Key support appears near 0.1205–0.1202, with 0.1195 as next downside target.

Market Overview

At 12:00 ET on 2025-12-30, Decentraland/Tether (MANAUSDT) opened at 0.1232, reached a high of 0.1237, and closed at 0.1212, with a low of 0.1193. Total volume for the 24-hour period was approximately 6.85 million, while notional turnover reached around $831,384.

Structure & Candlestick Patterns

The 5-minute chart shows a bearish flag pattern forming after a sharp decline below key support levels. A series of bearish engulfing patterns and lower highs emerged from 19:00 to 20:45 ET. A doji at 04:15 ET suggested temporary indecision, but selling pressure resumed afterward.

Moving Averages and Momentum

On the 5-minute chart, price closed below both 20- and 50-period SMAs, confirming a short-term bearish bias. The RSI, currently near 25, suggests the pair may be oversold, but divergence with price could hint at bearish continuation. The MACD crossed below the signal line, reinforcing downward momentum.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly after 20:45 ET, aligning with a sharp selloff. Price tested the lower band multiple times, with a confirmed breakout below 0.1210–0.1205 suggesting increased bearish potential. Volatility remains elevated, with large range candles in the latter half of the session.

Volume and Turnover

Volume spiked dramatically around 14:45–15:00 ET, with the 14:45 candle alone trading over 684,958 MANA. This coincided with a strong bearish move, confirming the selloff. Notional turnover mirrored the volume pattern, with the largest turnover observed at 14:45 ET. No major divergence between price and turnover was noted.

Fibonacci Retracements

Fibonacci levels drawn from the 0.1237 high to 0.1193 low show 38.2% at 0.1221 and 61.8% at 0.1207. The current close at 0.1212 suggests the pair may retest the 61.8% level before finding potential support near 0.1205.

A short rebound above 0.1220–0.1225 could signal a temporary pause, but a break below 0.1202 would expose further downside. Investors should remain cautious given the elevated volatility and bearish momentum indicators.