Market Overview for Manta Network/Bitcoin

Generated by AI AgentAinvest Crypto Technical RadarReviewed byDavid Feng
Thursday, Jan 1, 2026 9:58 pm ET1min read
BTC
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Aime RobotAime Summary

- MANTABTC consolidates between 8.6e-7 and 8.9e-7 with no confirmed breakout despite bullish patterns.

- Volume spikes failed to sustain momentum as RSI/MACD remain neutral and Bollinger Bands contract.

- Price stays above 20-period MA but lacks follow-through, aligning with 78.6% Fibonacci retracement level.

- Range-bound trading likely continues unless 9.0e-7 resistance breaks with strong volume confirmation.

Summary
• MANTABTC consolidates between 8.6e-7 and 8.9e-7, with no decisive breakout.
• Volume declines after a brief mid-day rally, suggesting limited conviction in the upside.
• RSI and MACD remain neutral, indicating a lack of strong momentum in either direction.
• Bollinger Bands contract after the 19:30 ET bullish thrust, hinting at possible range-bound trading.
• Price remains above 20-period MA on the 5-minute chart, but lacks follow-through.

Manta Network/Bitcoin (MANTABTC) opened at 8.7e-07 on 2025-12-31 at 12:00 ET, reached a high of 9.0e-07, and a low of 8.5e-07, closing at 9.0e-07 on 2026-01-01 at 12:00 ET. Total volume was 211,474.6 and turnover was 0.18556735 BTC over the 24-hour period.

Structure and Key Levels


Price action on MANTABTC remained within a narrow range between 8.6e-07 and 8.9e-07 for most of the session, with a brief push to 9.0e-07 during the afternoon. A bullish engulfing pattern appeared at 19:30 ET and another at 08:15 ET, but neither was confirmed. A doji near the high at 15:45 ET suggests indecision. Key support sits at 8.6e-07 and resistance at 9.0e-07.

Trend and Momentum


The 5-minute 20-period moving average remains slightly positive, but no clear trend has emerged. MACD remains near zero, indicating no directional bias, while RSI oscillates between 45 and 55, pointing to neutral momentum. No overbought or oversold conditions are observed.

Volatility and Volume


Bollinger Bands show a moderate contraction after a mid-day expansion, suggesting reduced volatility. Volume spikes occurred around 19:30 ET and 15:00 ET but failed to trigger sustained moves. The largest single 5-minute volume spike occurred at 09:45 ET (56,179.5 units), with no significant price reaction.

Fibonacci Retracements


Applying Fibonacci retracement levels to the swing from 8.6e-07 to 8.9e-07 shows price currently aligning with the 78.6% level, suggesting it may test 8.95e-07 or retrace toward 8.75e-07. Daily retracement levels remain untested.

Looking ahead, MANTABTC could remain range-bound unless a breakout above 9.0e-07 occurs with strong volume confirmation. Investors should be cautious of potential false breakouts and consider watching for a close above 9.0e-07 for increased conviction.