Market Overview for Manta Network (MANTAUSDT) on 2025-08-25

• Manta Network traded in a tight range early, then broke decisively lower, closing near session lows after a large bearish reversal candle.
• Momentum turned sharply negative after 19:45 ET, as seen in RSI divergence and a massive volume spike during a breakdown below support.
• Volatility expanded significantly, with Bollinger Bands stretching wider during the selloff, indicating heightened uncertainty.
• Total volume spiked 10x above average during the critical breakdown, validating the move but leaving room for short-term mean reversion.
• Key support now sits at 0.210–0.212, with a possible bounce or retest likely in the next 24 hours, pending macro sentiment.

Market Overview

Manta Network (MANTAUSDT) opened at 0.2252 on 2025-08-24 at 12:00 ET, hit a high of 0.2378, and closed at 0.2123 by 12:00 ET on 2025-08-25, with a low of 0.2090. The 24-hour session saw a total volume of 10.12 million contracts and a notional turnover of 2.22 million USD. Price action suggests heightened bearish control late in the session.

Structure & Formations

A critical bearish reversal candle formed at 19:45 ET (2025-08-24 194500), opening at 0.2363 and closing at 0.2303 after a gap down and strong bearish bias. This candle broke below a prior bullish trendline and support at 0.232–0.234, confirming a shift in momentum. A large doji formed at 03:00–03:15 ET on 2025-08-25 (030000–031500), suggesting indecision during the retracement phase. A potential double-bottom pattern is forming near 0.2090, with a potential target near 0.213–0.215 if buyers return.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed bearishly late in the session, reinforcing the downtrend. The 50SMA currently sits around 0.218, while the 20SMA has drifted lower to around 0.215. On the daily chart, the 50DMA and 100DMA are both in bearish alignment, with the price below both. The 200DMA at ~0.222 appears to be a key resistance on the daily chart.

MACD & RSI

The 15-minute MACD turned bearish after 19:45 ET, with the line plunging below the signal line and creating a large bearish histogram. RSI confirmed the move with a sharp drop from overbought to oversold territory, hitting 26 by 04:00 ET. This indicates a potential short-term bounce could be in the cards unless a new wave of selling emerges. RSI divergence was evident after 00:00 ET, with a higher low in price not reflected in RSI, suggesting weakening momentum in the rebound phase.

Bollinger Bands

Volatility expanded sharply during the selloff, with the bands stretching to ~0.008 in width by 20:00 ET. The price closed below the lower band at 0.2123, suggesting strong bearish control. However, the retracement back toward the lower half of the bands in the last 6 hours suggests a possible consolidation phase ahead.

Volume & Turnover

Volume surged to 2.64 million at 19:45 ET, the largest spike of the day and nearly ten times the average volume. This confirmed the breakdown at 0.230–0.232. However, the subsequent volume during the 0.210–0.215 range has been muted, suggesting lack of conviction in the short-term sellers. Turnover mirrored the volume spikes, with the largest notional volume occurring at the same time as the breakdown.

Fibonacci Retracements

Applying Fibonacci to the 0.2090–0.2378 swing, the 38.2% retracement level is at ~0.225, and the 61.8% level is at ~0.219. Price is currently sitting just below the 0.219 level, suggesting that a retest of the 38.2% level could occur if buyers emerge. On the daily chart, the 61.8% retracement of the recent upwave is at 0.212–0.213, aligning with current price and suggesting a key pivot for near-term direction.

In the next 24 hours, Manta Network may test the 0.210–0.212 support zone, with a potential bounce likely unless broader market sentiment deteriorates. A break below 0.210 would target 0.206–0.208, while a close above 0.215 would suggest a temporary stabilization. Investors should remain cautious of divergence or a new wave of selling from this level.