Market Overview for MANTRA/Tether (OMUSDT)

Summary
• Price formed key support at 0.074 and rallied, forming bullish engulfing patterns after 19:00 ET.
• RSI and MACD showed bearish momentum early, then shifted to bullish as price climbed above 0.0749.
• Volatility expanded in the final hours, with volume spiking above 1.5M as price approached 0.076.
• Bollinger Bands widened, and price closed near the upper band, suggesting a short-term bullish bias.
• Fibonacci retracements indicated a potential target near 0.0761, but resistance at 0.0765 could cap gains.

The 24-hour session for MANTRA/Tether (OMUSDT) saw the pair open at 0.0755 on 2026-01-15 at 12:00 ET, reaching a high of 0.077 and a low of 0.0732, with a final close of 0.0761 at 12:00 ET on 2026-01-16. Total volume exceeded 15.1M, and notional turnover reached approximately $1.157M.

Structure & Formations

Price found key support near 0.074, forming a bullish engulfing pattern during the 19:00–20:00 ET timeframe. A small doji appeared near 0.0745, signaling indecision, followed by a strong upward move. The 0.0761–0.0765 zone appears to be the next potential resistance level.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed positively as price moved above 0.075. Daily moving averages (50/100/200) remain bearish, though the 50-day line has begun to flatten as price action improves.

MACD & RSI

The MACD turned bullish after 21:00 ET, confirming the upward momentum. RSI bottomed below 30 before crossing into neutral territory, suggesting the price may continue to consolidate or extend its rally.

Bollinger Bands

Volatility expanded significantly overnight as price surged toward the upper band. The widening bands reflect increased uncertainty, but the closing near the upper bound suggests a short-term bullish trend may persist.

Volume & Turnover

Volume surged above 1.5M in the final 30 minutes of the session, aligning with a sharp price increase to 0.0761. Turnover also spiked in line with the move, confirming the bullish bias.

Fibonacci Retracements

Applying Fibonacci to the 0.0732–0.0761 swing, key levels at 0.0743 (38.2%) and 0.0752 (61.8%) were tested and held. Price may target the 0.0765 level next, though a breakdown below 0.0752 could re-ignite bearish pressure.

The pair appears to be in a short-term bullish phase, supported by strong volume and momentum. However, a test of key resistance near 0.0765 could result in profit-taking or consolidation. Investors should monitor the 50-day moving average for further directional clues over the next 24 hours.