Market Overview for Manta Network

• Manta Network (MANTAUSDT) declined 24-hour low of $0.1986 before rebounding to a 12-hour close of $0.2013.
• Volatility expanded during the early ET selloff, with a key retracement level tested at $0.1965.
• Bullish momentum has returned in the last 8 hours, with volume increasing and RSI showing no overbought conditions.
• A doji formed around the $0.2006 level, signaling indecision in the short-term price action.

Manta Network (MANTAUSDT) opened at $0.2131 on 2025-08-25 12:00 ET, reached a high of $0.2143 and a low of $0.1986, and closed at $0.2013 on 2025-08-26 12:00 ET. The pair recorded a 24-hour volume of 19.04 million USDT and a total turnover of $3.88 million.

The price action revealed a sharp decline after 17:15 ET, where a large bearish candle (volume: 1.28 million USDT) signaled increased selling pressure. Following that, the asset rebounded through the $0.2000 level, with volume gradually increasing and a modest price uptick in the 12-hour period. The formation of a doji around $0.2006 and a bullish engulfing pattern in the early hours of 2025-08-26 suggested a possible short-term reversal.

Structure & Formations

The key support level appears to be $0.1965 (61.8% Fibonacci retracement from the 21:45 ET swing high), where a bounce began and price regained control. Resistance lies at $0.2036 (a recent intraday high), which has held as a cap during the rally. A bullish flag pattern is forming between $0.2000 and $0.2036.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMA lines crossed into alignment with the price action during the morning hours, suggesting a potential continuation of the upward trend. On the daily chart, the 50-period and 100-period SMA lines are converging, hinting at a potential breakout if $0.2045 is cleared.

MACD & RSI

The MACD line crossed above the signal line in the early morning hours of 2025-08-26, confirming a short-term bullish momentum. RSI remained in the 50–60 range, avoiding overbought territory and suggesting that the rally could continue for a few more hours.

Bollinger Bands

Volatility expanded significantly between 17:00 and 20:00 ET, with price moving outside the lower band. In the 12-hour period, it re-entered the middle and upper bands, indicating a tightening of volatility and a potential consolidation phase.

Volume & Turnover

Volume spiked during the bearish move between 17:15 and 19:30 ET, reaching over 1.38 million USDT for a single candle. However, the rebound saw a more steady and consistent volume increase, suggesting a balanced mix of buyers and sellers. Notional turnover and price action aligned during the morning rally, confirming the positive bias.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from $0.1986 to $0.2036, key levels at 38.2% ($0.2013) and 61.8% ($0.1999) were tested and held. The 123% extension level at $0.2065 could become a near-term target if buyers show strength.

The near-term outlook for Manta Network is cautiously positive, with price testing and stabilizing around $0.2000. A retest of the $0.2036 high could offer a clear breakout opportunity, though a failure to hold above $0.2000 may trigger a pullback. Investors should monitor volume and RSI divergence for signs of momentum exhaustion.