Market Overview for MANTRA (OMUSDT) on 2025-08-26

• MANTRA (OMUSDT) formed a deep bearish engulfing pattern from 17:15 to 19:30 ET, signaling bearish momentum.
• Price broke below the 0.2235–0.2255 consolidation range, with 0.2216 as next critical support.
• Volume surged during the breakdown, confirming bearish sentiment, but volatility remains moderate.
• RSI remains neutral (50–60), while MACD crossed below the signal line, suggesting momentum favors the bears.
• Bollinger Bands show moderate expansion, with price sitting near the lower band, hinting at potential bounce or further decline.

Market Overview

MANTRA (OMUSDT) opened at $0.2278 on 2025-08-25 12:00 ET and traded as high as $0.2299 before closing at $0.2223 on 2025-08-26 12:00 ET. The 24-hour notional volume amounted to $4,231,023.70, with a total turnover of 19,100,104.1 USDT.

Structure & Formations

The 15-minute chart shows a strong bearish reversal pattern forming from 17:15 to 19:30 ET, where a bullish setup was followed by a deep bearish engulfing pattern. The price has since been trading in a downward channel, suggesting a continuation of bearish sentiment. Key support levels to watch are 0.2216 (61.8% retracement from the recent high) and 0.2175, while resistance is currently at 0.2255.

Moving Averages

On the 15-minute chart, price is below both the 20 and 50-period moving averages, which are sloping downward, reinforcing the bearish bias. Daily, the 50 and 100-period EMAs are converging lower, while the 200-period SMA remains flat. Price is currently below the 50-day MA, indicating a short-to-medium-term bearish outlook.

MACD & RSI

The MACD line crossed below the signal line early in the session, with the histogram turning negative, signaling weakening bullish momentum. RSI remains in the mid-50s, suggesting a balanced market, but with a bias toward bearish continuation. No overbought conditions were observed, while the price appears to be entering oversold territory near 0.2216.

Bollinger Bands

Bollinger Bands have widened moderately from the early morning session, reflecting increased volatility as the price broke key support levels. Currently, the price is near the lower band, which historically could signal a potential bounce or a deeper test of support at 0.2175.

Volume & Turnover

Volume spiked during the breakdown below 0.2255, particularly between 20:15 and 20:45 ET, confirming the bearish move. The total notional volume of $4.23M suggests strong conviction from sellers. There is no significant divergence observed between price and volume; the bearish move has been supported by increased turnover, indicating valid selling pressure.

Fibonacci Retracements

Applying Fibonacci to the 15-minute swing (0.2278 to 0.2174), key retracements to watch are 0.2216 (61.8%) and 0.2235 (38.2%). Price appears to be consolidating near the 61.8% level, which may offer a short-term bounce opportunity. A break below this would target 0.2175.

Looking ahead, MANTRA may test 0.2216–0.2208 in the next 24 hours with a risk of deeper correction if sellers dominate. A rally could be possible on a retest of 0.2235, but bearish momentum remains intact unless a breakout above 0.2255 confirms a reversal. Investors should watch for divergence in volume and RSI to assess exhaustion in either direction.