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Summary
• Price action showed a late-day rally, forming a bullish engulfing pattern above key resistance.
• RSI and MACD confirmed renewed momentum with a bullish crossover near overbought levels.
• Bollinger Bands widened sharply, indicating rising volatility ahead of key Fibonacci levels.
• Volume surged during the final 4 hours, with turnover confirming price strength after a consolidation phase.
• A bearish reversal at the 20-period moving average suggests potential pullback risk ahead.
At 12:00 ET−1, MANTRA/Tether (OMUSDT) opened at $0.0750, reached a high of $0.0757, fell to a low of $0.0726, and closed at $0.0730 at 12:00 ET. Total volume was 7.3 million, with a notional turnover of $538,700, showing a sharp increase in trading interest late in the session.
Structure & Formations
The candlestick structure highlighted a late-day bullish engulfing pattern as price broke above the key resistance level at $0.0738 after a consolidation phase. A sharp breakdown below $0.0735 in the final 3 hours suggested a potential bearish reversal, particularly at the 20-period moving average, which acted as a short-term resistance. Notable support levels appear near $0.0726 and $0.0720, while resistance remains at $0.0745 and $0.0750. A doji formed around $0.0749, signaling indecision and the risk of a near-term reversal.
Moving Averages and Momentum
On the 5-minute chart, price closed slightly below the 20-period moving average ($0.0742), while the 50-period average ($0.0744) held firm as support earlier in the day. On the daily chart, the 50-period moving average sits at $0.0747, above which the pair may retest the 100-period line at $0.0743. The MACD crossed above the signal line at $0.0004 with bullish divergence, suggesting increasing momentum in the short term.
Volatility and Bollinger Bands

Bollinger Bands widened significantly late in the day, reflecting heightened volatility. Price spent most of the session within the bands, but the final 5-minute candle closed near the upper band at $0.0750, indicating a potential overbought condition. A contraction in band width earlier in the session suggested a period of consolidation, now followed by breakout potential.
Volume and Turnover Analysis
Volume surged sharply after 05:00 ET, peaking at 731,696 during the 12:15–12:30 ET hour. Turnover rose to $53,597 during this period, aligning with the price breakdown. The divergence between volume and price in the early afternoon suggests distribution pressure may be emerging, though strong buying interest reasserted in the final 4 hours, particularly after 08:00 ET.
Forward Outlook and Risk Consideration
MANTRA/Tether is likely to test key Fibonacci retracement levels at 0.0752 (61.8%) and 0.0745 (38.2%) in the next 24 hours. A close above $0.0745 would signal a potential continuation of the recent rally, while a retest below $0.0730 could trigger a correction. Investors should remain cautious about the risk of a pullback, especially if volume fails to confirm any further upward movement.
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