Market Overview for Decentraland/Tether (MANAUSDT) – 24-Hour Summary

Summary
• MANA/USDT formed a bullish engulfing pattern near 0.1500, indicating a short-term reversal.
• Price remained below 20-period and 50-period moving averages, signaling bearish bias.
• RSI bottomed at 28, suggesting oversold conditions, but volume failed to confirm strength.
• Bollinger Bands contracted overnight, hinting at potential volatility expansion.
• Volume surged during the 15:15–15:45 ET rally, supporting the breakout above 0.1550.

At 12:00 ET on December 9, 2025, Decentraland/Tether (MANAUSDT) opened at 0.1500, reached a high of 0.1602, and a low of 0.1489, closing at 0.1603. Total traded volume amounted to 5,121,224.0, with a notional turnover of $773,719.

Structure & Formations

Price found strong support at 0.1500, where a bullish engulfing pattern formed. A series of small bodies and indecision candles from 12:00–18:00 ET reflected consolidation.

A key breakout above 0.1550 confirmed a shift in momentum, with the 0.1576–0.1602 rally forming a strong ascending wedge.

Moving Averages

Short-term averages (20/50-period) remained bearish throughout the first half of the session, but price closed above both on the 5-minute chart. The 50-period line (around 0.1515) became a pivot point, with price holding above it for most of the late session.

MACD & RSI

RSI bottomed at 28 during the overnight low, signaling oversold conditions. MACD crossed above zero in the last 2 hours, confirming a shift in momentum. While RSI remains in overbought territory, the divergence between price and RSI suggests caution.

Bollinger Bands

Volatility remained moderate until late morning, with Bollinger Bands contracting around 0.1500–0.1515. The breakout to 0.1602 saw price move outside the upper band for the first time in the session, suggesting rising volatility.

Volume & Turnover

Volume spiked during the 15:15–15:45 ET rally, aligning with the price breakout above 0.1550. Turnover surged on large-volume bars, especially at 0.1556, confirming the validity of the move. No clear divergence between price and volume was observed.

Fibonacci Retracements

The 0.1500–0.1602 move saw price test the 61.8% retracement at 0.1550, where it found initial resistance. A close above 0.1576 could target the 0.1602 high. On the 5-minute chart, the 0.1524–0.1500 swing saw a 78.6% retracement at 0.1518, which was a key pivot.

The immediate path appears to favor a continuation of the bullish move from 0.1550. A close above 0.1602 may trigger extended buying, though a pullback to test the 0.1576 level could present an opportunity for consolidation. Investors should remain cautious of a potential overbought condition in RSI and watch for a failure to hold above 0.1550 in the next 24 hours.