Market Overview for Manta Network/Bitcoin

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 15, 2026 10:41 pm ET1min read
BTC
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Aime RobotAime Summary

- Manta Network/Bitcoin (MANTABTC) shows a steady bearish trend with key support at 8.6e-07 after dipping to 8.5e-07.

- Low volume and contracting Bollinger Bands indicate consolidation, with no clear momentum or breakout signals.

- Bearish engulfing patterns and RSI near 30 suggest oversold conditions, but lack reversal confirmation.

- Fibonacci analysis highlights 8.6e-07 as critical support; a break below could target 8.5e-07, requiring caution for volatility shifts.

Summary
• Price action shows a slow descent with key support at 8.6e-07.
• Volume remains sparse, with no clear momentum in either direction.
• Bollinger Bands reflect a tightening range and muted volatility.

Manta Network/Bitcoin (MANTABTC) opened at 9e-07 on 2026-01-14 at 12:00 ET, reaching a high of 9e-07 and a low of 8.5e-07, with a close of 8.5e-07 at 12:00 ET. Total volume was 47,985.0, while notional turnover reached 0.04169393 BTC.

Structure & Formations


Price action reveals a steady, bearish drift throughout the 24-hour window, with minimal countertrend resistance. A few bearish engulfing patterns and a doji at 8.7e-07 suggest weakening bullish conviction.
The 8.6e-07 level appears to be a key support, with price bouncing back after a brief dip at 8.5e-07.

Moving Averages and Momentum


Short-term (20/50-period) moving averages on the 5-minute chart are descending, confirming the bearish bias. MACD remains in negative territory with no clear divergence, suggesting continued selling pressure. RSI hovers near 30, indicating potential oversold conditions, though with no immediate reversal signs.

Volatility and Bollinger Bands


Bollinger Bands have contracted significantly over the last 24 hours, pointing to a possible consolidation phase. Price action remains within the bands, suggesting no immediate breakout risk. This low volatility could precede a sharp move in either direction.

Volume and Turnover


Volume is generally low, with spikes observed during key price declines, such as at 8.8e-07 and 8.6e-07. Turnover aligns with these volume surges, confirming bearish momentum. However, the lack of sustained volume may indicate limited conviction behind the current move.

Fibonacci Retracements


Applying Fibonacci to recent 5-minute swings, price appears to find temporary support at the 61.8% retracement level around 8.6e-07. A break below that could target 8.5e-07 as the next key level.

Over the next 24 hours, a test of 8.6e-07 support may trigger a consolidation or renewed decline. Investors should remain cautious for volatility expansion and signs of a reversal on the 5-minute timeframe.