Market Overview for Manta Network/Bitcoin (MANTABTC) – 2025-09-10

• Price opened at 1.83e-06 and closed slightly lower at 1.82e-06 on 2025-09-10.
• Intraday volatility saw a 0.11% range with consolidation near key psychological levels.
• Volume spiked during a midday pullback, signaling potential reversal attempts.
• RSI remains neutral, indicating balanced buying and selling pressure.
• Bollinger Bands show no major expansion, suggesting low near-term volatility.

The price of Manta Network/Bitcoin (MANTABTC) opened at 1.83e-06 on 2025-09-10 at 12:00 ET − 1 and closed at 1.82e-06 by 12:00 ET. The 24-hour high reached 1.85e-06, while the low was 1.80e-06. Total volume amounted to 68,474.4, and notional turnover was approximately 125.2 BTC. The pair displayed a generally range-bound character, with intermittent attempts at breakout that failed to gain traction.

Structure & Formations

Price action revealed a tight trading range between 1.81e-06 and 1.85e-06. Notable patterns included a bearish engulfing formation at 1.83e-06 and a doji near 1.84e-06 in the early morning, hinting at indecision among traders. The 1.82e-06 level emerged as a key support that held twice, while 1.83e-06 acted as a recurring resistance. A minor bullish flag pattern formed near the close, suggesting a potential short-term rally.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages crossed over near 1.828e-06, signaling a bearish crossover. The 50-period SMA held at 1.827e-06, slightly above the 20-period at 1.824e-06, indicating a potential downtrend continuation. On the daily chart, the 50-period SMA at 1.829e-06 and the 200-period at 1.825e-06 are converging, suggesting the market is approaching a critical decision point.

MACD & RSI

The MACD line crossed below the signal line early in the session, signaling a bearish momentum shift. The histogram remained narrow, consistent with a low-volatility environment. RSI hovered around the 50 mark all day, indicating no overbought or oversold conditions. A potential bullish divergence appeared near the close, suggesting a possible short-term rebound.

Bollinger Bands

Volatility remained compressed, with the bands tightening between 1.805e-06 and 1.845e-06. Price action remained within the bands throughout the session, and no clear breakouts occurred. A contraction in the upper band width observed after 19:15 ET suggested a potential move either up or down, but the market chose consolidation over breakout.

Volume & Turnover

Volume spiked to over 20,000 at 19:15 ET during a pullback from 1.85e-06, indicating selling pressure. However, subsequent volume remained low, failing to confirm a strong bearish move. Notional turnover mirrored this trend, with most of the volume occurring during the midday decline. No significant divergence was observed between volume and price action, supporting the case for a balanced market.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 1.85e-06 to 1.80e-06, the 38.2% and 61.8% retracement levels fell at 1.828e-06 and 1.823e-06 respectively. Price found support near the 61.8% level multiple times, suggesting this area could see renewed interest. Daily Fibonacci levels show a key level at 1.83e-06, which may offer resistance if the uptrend resumes.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions on a bullish engulfing pattern, confirmed by a close above the 1.825e-06 level, with a stop-loss placed below the most recent low. Traders could target the 1.835e-06 Fibonacci level as a profit objective. This approach aligns with the observed support/resistance behavior and volume profile, suggesting a high-probability trade in a low-volatility environment.