$MANA has been making moves over the past 15 minutes: trading volume surged to 18x, OI climbed alongside it, and both the 1h and 15m are up around 4.8%.
What’s interesting is that as price broke above the high of its recent 20 five-minute range, the OI percentile hit 99.8%—the highest anomaly across the entire pool. The structure looks more like new leveraged longs entering than a simple short squeeze.
However, the aggressive trade delta is still negative, and the buy/sell ratio is 0.92, suggesting this move hasn’t been especially smooth—some are chasing, while others are selling into the rally. 24h trading volume is only 17M. When leverage-driven sentiment picks up in an old coin like MANA, it can make a sharp move, but it can also fizzle out just as quickly.
First, watch whether it can hold above the range high. If it can’t, this is a false breakout; if it can, there may be another leg up.
What’s interesting is that as price broke above the high of its recent 20 five-minute range, the OI percentile hit 99.8%—the highest anomaly across the entire pool. The structure looks more like new leveraged longs entering than a simple short squeeze.
However, the aggressive trade delta is still negative, and the buy/sell ratio is 0.92, suggesting this move hasn’t been especially smooth—some are chasing, while others are selling into the rally. 24h trading volume is only 17M. When leverage-driven sentiment picks up in an old coin like MANA, it can make a sharp move, but it can also fizzle out just as quickly.
First, watch whether it can hold above the range high. If it can’t, this is a false breakout; if it can, there may be another leg up.