Market Overview for Manta Network/Bitcoin

Generated by AI AgentAinvest Crypto Technical RadarReviewed byShunan Liu
Wednesday, Dec 10, 2025 9:48 pm ET2min read
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BTC
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MANTA
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Aime RobotAime Summary

- Manta Network/Bitcoin (MANTABTC) fell 6.1% over 24 hours, closing at 9.6e-06 with a bearish engulfing pattern.

- Technical indicators show neutral RSI (40-50), bearish MACD crossover, and price near Bollinger Bands' lower boundary.

- Trading volume remained subdued at $131, with brief spikes during key level tests but no strong directional bias.

- Key support at 9.6e-06 has shown multiple bounces, but breakdown risks further correction below 9.5e-06 psychological level.

Summary
• Price drifted lower on consolidation and muted volume, failing to reclaim prior highs.
• RSI remains neutral, suggesting potential for a shallow bounce but no strong reversal cues.
• Bollinger Bands show low volatility, with price hovering near the lower band.
• A potential support level forms near 9.6e-07, with a bearish engulfing pattern visible in late-day candles.
• No major divergence between volume and price, but turnover remains subdued.

Manta Network/Bitcoin (MANTABTC) opened at 1.02e-06 on 2025-12-09 at 12:00 ET, reached a high of 1.02e-06, and closed at 9.6e-06 on 2025-12-10 at 12:00 ET, with a low of 9.5e-06. The 24-hour volume was 138,263.4 and the turnover was approximately $131.

Structure & Formations


Price action over the last 24 hours displayed a bearish drift, with a late-day bearish engulfing pattern forming after a brief attempt to rebound. A potential support level emerges near 9.6e-06, where price has bounced multiple times.
No strong reversal or continuation patterns are evident at this stage, and the formation of a consolidation range is apparent.

Moving Averages


On the 5-minute chart, the 20 and 50-period moving averages are closely aligned, both positioned above the current price, reinforcing the short-term bearish bias. Longer-term moving averages suggest a more neutral stance, indicating a potential retest of the 9.6e-06 level could be key to the next direction.

MACD & RSI


The MACD remains near the neutral line with a bearish crossover indicating weakening momentum. RSI has settled in the 40–50 range, suggesting the pair may consolidate for the next 24 hours. No immediate overbought or oversold conditions are present, and a potential bounce could be supported by a RSI rebound above 45.

Bollinger Bands


Volatility has contracted significantly, with price hovering near the lower Bollinger Band. This suggests a period of consolidation and limited directional bias. A breakout above the midline or below the lower band could trigger a sharper move, but the current position near the lower boundary appears to support a cautious bearish outlook.

Volume & Turnover


Trading volume has been uneven, with a notable spike in turnover around the 17:00–19:00 ET timeframe as price tested key levels. However, volume has since declined, with minimal trading activity in the last 6 hours. This suggests a lack of conviction in either direction and may hint at a potential pause in near-term movement.

Fibonacci Retracements


Applying Fibonacci retracements to the latest 5-minute swing shows a possible support level at the 61.8% retracement near 9.6e-06. Daily retracements suggest a key psychological level at 9.5e-06 could act as a short-term floor. A break below this could open the door to further correction, though no strong follow-through has emerged yet.

Looking ahead, a retest of the 9.6e-06 level appears likely, with the possibility of a short-lived bounce if volume increases. Traders should remain cautious of a potential breakdown below this level, which could signal a deeper correction. As with all volatile assets, unexpected macro events or market catalysts could disrupt this pattern.