Manta Network (MANTAUSD) Price Forecast: January 30
MANTAUSD price breakout today is due to the high buying momentum from the bulls. Meanwhile, the coin price breakout and bullish progression might continue if the bulls can maintain their buying pressure and the market price stays above the $3.8927 high, as a result, the potential rally could surge above the $3.8927 higher level to hit the $4.0000 upper resistance value and beyond.
Key Levels:
Resistance Levels: $4.000, $4.500, $5.000
Support Levels: $3.300, $3.200, $3.100
MANTA (USD) Long-term Trend: Bullish (Daily Chart)
MANTAUSD price breakout and bullish progression are likely to continue as we can see a bullish sentiment above the supply levels in its long-term perspective. The coin is trading above the two EMAs. However, the market is presently facing overhead resistance at the recent high. 
The coin has been having a series of higher highs and higher lows, making it easier for the price to remain stronger in an upward trend in its recent high.
The coin price breakout at the $3.7382 resistance value above the EMA-50 as the 1-hour chart opens today indicates the high buying impact from the bulls resulting in intraday gains.
Hence, closing the 1-hour session above the $3.8927 supply level will accelerate the bullish progression and put the crypto signals to trade more on the buy side. This however creates a strong area of interest for buyers.
Hence, with the price pointing upwards on the daily stochastic, it means that further upside is certain. It is therefore expected that the buy investors will move the price action of Manta Network up and may likely hit the $4.0000 upper resistance level soon in its higher time frame.
MANTA (USD) Short-term Trend: Bullish (45-Minute Chart)
On the medium-term time frame, price breakout and bullish progression of MANTAUSD market value above the moving averages have confirmed its bullish momentum. The pair is in a smooth uptrend as can be seen from the chart below.
The bulls’ increased momentum at the $3.5864 supply value during the previous action has allowed the Manta Network price to remain strong above the resistance lines in its recent high.
Given the strength of the market, the market price of MANTAUSD, which rises from $3.6641 to the $3.7382 high level above the moving averages, indicates an upward trend. This current trend will enable the current price breakout to remain on the upside.
Adding to this, the Manta Network pointing up on the daily stochastic means buyers may continue the price breakout and bullish progression: thus, a possible recovery of a $4.000 supply level in the coming days in the medium-term time frame.
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