Summary
• MANTRA/Tether (OMUSDT) traded in a 24-hour range of $0.0769–$0.0791, closing near session lows after a failed rally.
• Volume spiked in late ET hours, but price failed to confirm strength, suggesting potential bearish exhaustion.
• RSI and MACD indicated wakening momentum with overbought correction beginning around 01:30 ET.
MANTRA/Tether (OMUSDT) opened at $0.0783 on 2026-01-08 12:00 ET, reaching a high of $0.0791 before closing at $0.0776 by 12:00 ET on 2026-01-09. The pair saw a 24-hour volume of 13,737,665.5 and a turnover of $1,072,349.02.
Structure & Formations
Price found resistance around $0.0791 multiple times during the session, with a failed bullish engulfing pattern forming at the high. Key support levels emerged at $0.078 and $0.0775, where price found temporary buying interest. A doji at $0.0779 suggested indecision, while the bearish evening star pattern near the session high indicated possible near-term reversal.
Technical Indicators
The 20-period and 50-period moving averages on the 5-minute chart remained below price for most of the session, suggesting a bearish bias. The 200-period MA on the daily chart was above the close, indicating a longer-term downtrend. The MACD line crossed below the signal line around 01:30 ET, reinforcing a shift in momentum. The RSI moved from overbought to neutral territory, suggesting a possible retracement.
Bollinger Bands and Volatility
Volatility expanded during a sharp move from $0.0772 to $0.0783 in the early morning hours, with price briefly trading above the upper band before collapsing. Later, a contraction was observed between 04:00 and 05:00 ET, followed by a breakout attempt that failed to hold.
Volume & Turnover
Volume and turnover spiked sharply at 00:30 ET, with a large bullish candle forming, but price failed to hold above $0.078. This divergence suggests bearish pressure. The largest turnover occurred in the first half of the session, with a gradual decline in activity in the late morning hours, signaling potential exhaustion.
Fibonacci Retracements
The 61.8% retracement level of the move from $0.0769 to $0.0791 came in at $0.0778, aligning with a key support level where price stalled multiple times. The 38.2% level at $0.0784 acted as resistance in the evening hours.
The market appears to be consolidating ahead of a potential breakout or breakdown, with the next 24 hours likely to see a test of key support near $0.0775. Investors should monitor for a break of $0.0772, which could trigger further short-term declines.
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