Summary
• Price consolidation around 8.4e-07 with minor intraday breakouts.
• Volume surged in late hours, confirming 8.5e-07 support.
• RSI near mid-range suggests balanced momentum; no extreme overbought/oversold.
• Bollinger Bands show low volatility with price hovering near the midline.
• 214500 candle marked a small bearish reversal pattern at 214500.
At 12:00 ET-1, Manta Network/Bitcoin (MANTABTC) opened at 8.4e-07 and traded between 8.3e-07 and 8.7e-07, closing at 8.6e-07 by 12:00 ET. Total volume reached 60,452.5, with a notional turnover of 0.0502.
Structure & Formations
Price formed a small bearish reversal pattern at 214500, followed by a consolidation phase until late morning ET. The 8.5e-07 level acted as a key support, confirmed by buying activity and volume spikes. No strong bullish or bearish engulfing patterns were observed, though a modest doji at 071500 suggested indecision.
Moving Averages
The 5-minute 20-period and 50-period moving averages were closely aligned near 8.4e-07, indicating a sideways trend. Daily 50/100/200 SMAs were not available for direct comparison, but the intraday behavior remained range-bound with no clear breakouts.
Momentum & Volatility
The RSI hovered around 50, signaling balanced momentum with no overbought or oversold extremes. MACD showed minimal divergence, consistent with the lack of directional bias. Bollinger Bands remained narrow, with price staying within the middle 30–50% of the band range.
Volume & Turnover
Trading volume remained subdued until late morning ET, where sharp spikes occurred at 041500, 043000, and 121500. These periods coincided with minor price rebounds, particularly around 8.5e-07, indicating increased participation and confirmation of support.
Key Levels & Fibonacci
The 8.5e-07 level served as a critical support, with 8.7e-07 acting as recent resistance. Applying Fibonacci to the 8.3e-07 to 8.7e-07 swing, 38.2% and 61.8% levels corresponded to 8.5e-07 and 8.43e-07, respectively. Price held above the 38.2% level, suggesting short-term resilience.
The next 24 hours could see a test of 8.7e-07 resistance or a pullback toward 8.4e-07. Traders may watch for breakout confirmation or divergence in RSI if volume surges again. As always, sudden liquidity shifts or broader market moves pose a risk to the current range.
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