Market Overview: MANTRA/Tether (OMUSDT) – 24-Hour Technical Summary

Summary
• MANTRA/Tether (OMUSDT) traded in a narrow range before breaking out with bullish momentum after 16:00 ET.
• Price formed a bullish engulfing pattern near 0.0777–0.0779, confirming a short-term reversal from bearish pressure.
• Volume surged during the final 3 hours, with turnover confirming strength in the upward move.
• Bollinger Bands narrowed during consolidation, followed by a volatility expansion at 0.0791–0.0793.
• RSI showed signs of overbought conditions near 0.0793–0.0795, suggesting potential near-term resistance.

At 12:00 ET–1 on 2026-01-09, MANTRA/Tether (OMUSDT) opened at 0.0786 and closed at 0.0791 after 24 hours, reaching a high of 0.0795 and a low of 0.0772. Total volume was 12,612,775.2 and turnover was approximately $983,902.

Structure & Candlestick Formations

Price formed a key bullish engulfing pattern near 0.0777–0.0779 in the early morning hours, signaling a short-term reversal from bearish pressure. A doji appeared near 0.0779 around 23:30, indicating indecision before the breakout. Resistance levels emerged at 0.0791–0.0793 and 0.0795–0.0796, while support remained at 0.0782–0.0779.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA (golden cross) around 02:00 ET, indicating strengthening bullish momentum. Daily MAs (50/100/200) showed a flat trend, with the 50-day MA at 0.0783 and the 100-day MA at 0.0781, suggesting a neutral to slightly bullish bias.

Momentum and Volatility

RSI climbed into overbought territory near 0.0793–0.0795 in the afternoon, signaling a potential pullback. Bollinger Bands contracted during the consolidation phase (03:00–15:00 ET) before expanding again with the breakout. MACD remained positive through the final 4 hours, reinforcing the strength of the upward move.

Volume and Turnover Confirmation

Volume spiked significantly in the final 3 hours of the 24-hour period, confirming the strength of the breakout above 0.0791. Turnover aligned with price action, with no notable divergence. The highest single-candle volume occurred at 0.0781–0.0783 with 869,090.5 units traded.

Fibonacci Retracements

A 5-minute retracement from the low at 0.0772 to the high at 0.0795 identified key levels: 38.2% at 0.0783 and 61.8% at 0.0789. Price tested the 61.8% level around 14:30 and 16:15 before consolidating above it.

Looking ahead, the next 24 hours may see a test of the 0.0795–0.0796 level, where RSI overbought conditions could pause upward momentum. A failure to maintain above 0.0789 may invite short-term profit-taking, but the overall bias appears constructive for a continuation of the breakout. Investors should monitor for any divergence between price and RSI or a breakdown below 0.0781, which could indicate a deeper correction.