Market Overview for Manta Network/Bitcoin

Generated by AI AgentAinvest Crypto Technical RadarReviewed byTianhao Xu
Wednesday, Dec 17, 2025 8:28 pm ET1min read
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BTC
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MANTA
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Aime RobotAime Summary

- MANTABTC consolidates near 8.4e-07 support, with 8.7e-07 as immediate resistance after a 24-hour decline to 8.4e-07.

- Low volume and RSI neutrality suggest limited selling pressure, while MACD confirms ongoing bearish momentum.

- Price near 61.8% Fibonacci retracement (8.4e-07) signals potential rebound, but breakdown risks further decline to 8.2e-07.

- Bollinger Band compression and lagging turnover indicate cautious bearish bias with possible short-term consolidation.

Summary
• MANTABTC consolidates near 8.6e-07, with key support testing in early ET hours.
• Volume remains subdued, but sharp dips in turnover suggest limited selling pressure.
• RSI shows moderate momentum, with no immediate overbought or oversold signals.

Manta Network/Bitcoin (MANTABTC) opened at 8.8e-07 on 2025-12-16 12:00 ET, reaching a high of 8.8e-07 and a low of 8.4e-07 before closing at 8.4e-07 on 2025-12-17 12:00 ET. The 24-hour volume totaled 129,393.5 units, with a notional turnover of approximately 0.1104 BTC.

Structure & Formations


Price action revealed a slow descent from 8.8e-07 to 8.4e-07 over the 24-hour period, with no strong reversal patterns emerging. A small bearish engulfing pattern formed around 15:00 ET, suggesting bearish bias. Key support appears to be forming near 8.4e-07, while 8.7e-07 offers immediate resistance if a rebound occurs.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart remain closely aligned, reflecting a sideways trend. On the daily chart, the 50-period MA appears to be just below the 200-period MA, indicating a potential shift in bias toward bearish territory.

MACD & RSI


MACD remains below its signal line, with no significant divergence, indicating ongoing bearish momentum. RSI fluctuates between 40 and 50, signaling a neutral to mildly bearish tone, with no overbought or oversold conditions in the last 24 hours.

Bollinger Bands


Volatility has slightly expanded as price has moved toward the lower Bollinger band, suggesting potential for a rebound near the 8.4e-07 level. A sustained break below this could signal a new downward leg.

Volume & Turnover


Volume remains low in most intervals, with only a few spikes around key dips. The largest spike occurred at 15:00 ET, coinciding with the drop from 8.6e-07 to 8.4e-07. Notional turnover appears to be lagging behind price movement, suggesting limited conviction in the current decline.

Fibonacci Retracements


Applying Fibonacci retracement levels from the recent 5-minute swing high at 8.8e-07, price has reached the 61.8% level near 8.4e-07. A break below this could target the 100% extension level, potentially reaching 8.2e-07 or lower.

Looking ahead, MANTABTC may find temporary support at 8.4e-07, with a potential rebound or consolidation likely if buyers step in. However, a break below that level could accelerate the bearish trend. Investors should remain cautious as volatility appears to be building toward a potential directional move.