Market Overview for Manta Network/Rupiah

Summary
• Price action shows consolidation after a sharp decline from 1250.0 to 1186.0 Rupiah.
• Key resistance appears at 1245.0–1250.0, with strong support near 1186.0–1202.0.
• Volume spiked during the drop but remained muted in the consolidation phase.
• MACD suggests weakening bullish momentum, while RSI hints at oversold conditions.
• Bollinger Bands are tightening, indicating potential for a breakout.

Manta Network/Rupiah (MANTAIDR) opened at 1249.0 Rupiah on 2025-12-25 at 12:00 ET, hit a high of 1250.0 Rupiah, and a low of 1186.0 Rupiah, closing at 1245.0 Rupiah on 2025-12-26 at 12:00 ET. Total volume traded was 15,620.58 MANTA, with a turnover of 19,450,725.35 Rupiah.

Structure & Formations

Price dropped sharply from 1250.0 to 1186.0, forming a bearish engulfing pattern followed by a consolidation phase. A potential bullish reversal is visible near 1202.0, where buyers stepped in. Key resistance levels sit at 1242.0 and 1245.0, with 1186.0 acting as a strong support.

Technical Indicators

MACD shows a bearish crossover in the short term, indicating weakening momentum. RSI has dipped below 30, suggesting an oversold condition. Bollinger Bands are contracting, signaling low volatility with the potential for a breakout in the near term.

Volume & Turnover Analysis

Trading volume spiked during the 213000–230000 ET period when the price fell from 1250.0 to 1212.0, indicating increased selling pressure. However, turnover remained muted during the subsequent consolidation phase, suggesting traders are waiting for direction.

Fibonacci Retracements

Fibonacci levels from the 1250.0 to 1186.0 swing indicate 38.2% at 1230.8, 50% at 1218.0, and 61.8% at 1205.2. Price is currently near the 50% level and may test 1218.0 or 1205.2 depending on sentiment.

In the next 24 hours, MANTAIDR could either test the 1245.0–1250.0 resistance cluster or retrace further to the 1186.0–1202.0 support range. Investors should monitor volume and RSI for confirmation of a breakout or reversal. As always, market conditions may shift rapidly due to broader crypto market movements or news.