Market Overview for MANTRA/Bitcoin (OMBTC) – 2025-10-22

• Price action remained range-bound with minimal 15-minute OHLC variations below 1.11e-6.
• Volume remained low throughout the session, with only a few 15-minute intervals reaching above 100.
• A small bearish reversal emerged near the 1.11e-6 level during early evening trading hours.
• RSI remained neutral, with no clear overbought or oversold signals.
• Price tested a key support near 1.08e-6 before consolidating, showing indecision.

Market Overview for MANTRA/Bitcoin (OMBTC)

MANTRA/Bitcoin (OMBTC) opened at 1.1e-6 on October 21 at 12:00 ET, reached a high of 1.11e-6, and closed at 1.08e-6 as of 12:00 ET on October 22. The total 24-hour trading volume was 42,637.6, with a notional turnover of 45.49 BTC equivalents. Price action remained tightly confined within a narrow range, with candlesticks showing minimal variation. A small bearish reversal occurred near the upper end of the range, but no strong trend emerged.

Structure & Formations

Price action displayed a tight consolidation pattern over the past 24 hours, with a key support level forming near 1.08e-6 and resistance near 1.11e-6. A few bearish reversal patterns, including a small bearish engulfing and a potential doji, emerged during key time windows. However, the overall formation remains neutral, with no strong breakout or breakdown in sight.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remain closely aligned, indicating a flat trend. No clear divergence has emerged between the two, which reinforces the sideways nature of the price movement. On the daily chart, the 50-period and 100-period moving averages also remain in close proximity, with no significant slope suggesting an imminent trend.

MACD & RSI

MACD remained flat with no strong divergence detected between price and momentum, which suggests a continuation of consolidation. RSI has oscillated between 40 and 60, indicating a neutral market without clear overbought or oversold conditions. This suggests that traders are waiting for a catalyst to break the current range.

Bollinger Bands

Volatility has remained low, with the Bollinger Bands contracting slightly. Price has remained within the mid-range of the bands for most of the session, suggesting a continuation of range trading. No significant expansion or contraction has occurred, reinforcing the idea of limited short-term momentum.

Volume & Turnover

Volume has been predominantly low throughout the session, with only sporadic spikes above 100 in certain 15-minute intervals. Notable volume surges occurred around 17:30, 18:45, and 00:45 ET, which coincide with price retracements. However, there is no clear price/volume divergence to suggest a reversal, and overall turnover remains muted.

Fibonacci Retracements

Fibonacci levels applied to the 15-minute swing from 1.08e-6 to 1.11e-6 show the 61.8% level at 1.096e-6 and the 38.2% level at 1.101e-6. Price has tested these levels with indecision, failing to confirm a directional bias. On the daily chart, the 38.2% and 61.8% retracement levels also appear to act as temporary supports and resistances without clear directional confirmation.

Backtest Hypothesis

To build a robust backtest strategy, a valid and accessible price series for MANTRA/Bitcoin (OMBTC) is essential. The current issue of an unrecognized symbol must be resolved to proceed with the analysis of MACD and RSI divergence. If the exchange-specific ticker (e.g., OMBTC.BINANCE) is used, the backtest can accurately capture top divergence signals. Alternatively, a synthetic series derived from OM/USDT and BTC/USDT pairs can also be used, though it adds complexity and potential lag in the signal. Please specify the exact symbol or preferred method to proceed with the backtest.