Summary
• Price consolidation around $0.00000084 with bearish 5-minute candle at session open.
• Increased volume and turnover at 22:15–23:00 ET signal short-term interest.
• RSI and MACD suggest neutral momentum with no clear overbought or oversold signals.
Manta Network/Bitcoin (MANTABTC) opened at $0.00000086 at 12:00 ET–1 and closed at $0.00000082 by 12:00 ET. The 24-hour high was $0.00000086 and the low $0.00000082. Total volume reached 25,624.5 with a turnover of approximately $0.0215.
Structure & Formations
Price action on the 5-minute chart showed a bearish engulfing pattern at session open, followed by a long period of consolidation around the $0.00000084 level. A bullish candle at 22:45 ET briefly pushed price to $0.00000085 before a decisive move down from 23:00–23:15 ET confirmed short-term bearish bias.
Moving Averages and Fibonacci
The 20- and 50-period moving averages on the 5-minute chart aligned closely near $0.00000084, reinforcing the consolidation zone.
Fibonacci retracements applied to the $0.00000086–$0.00000082 move identified key levels at $0.000000847 (38.2%) and $0.000000833 (61.8%), both of which saw price action clustering.
Momentum and Volatility
The RSI remained in neutral territory around 50, with no clear divergence from price. MACD showed a bearish crossover in the final hour, supporting the downward move. Volatility remained low throughout most of the session, but expanded during the 22:15–23:15 ET window, coinciding with increased volume and price movement.
Volume and Turnover
Volume remained near zero for most of the session before spiking at 22:15 ET and again at 23:00–23:15 ET. Turnover closely followed volume patterns, confirming the bearish breakdown from $0.00000084. No major divergences were observed between price and turnover.
MANTABTC may test the $0.00000082 support level in the next 24 hours, with a potential bounce to the $0.000000847–$0.00000085 zone. Investors should remain cautious of a breakdown below $0.00000082, which could trigger a deeper correction.
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