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Manta Network (MANTAUSD) Price is heading towards Resistance Trend Level

Johnathon Fox
02/01/2024 | UPDATED ON: 02/01/2024

Manta Network (MANTAUSD) Price Forecast: February 1
MANTAUSD‘s price is now heading toward the resistance trend level after completing the bearish move. This is due to a comeback decision made by the long traders. The coin market price will therefore enter a bullish trend if it makes a significant push from its present price at the $3.4591 supply value above the supply trend levels. This push might extend to the $4.0000 upper barrier level, giving buy traders immediate gains.

Key Levels:
Resistance Levels: $4.0000, $4.5000, $5.0000
Support Levels: $3.0000, $2.9000, $2.8000

MANTA (USD) Long-term Trend: Bearish (1H Chart)
MANTAUSD price can be seen heading towards the resistance trend levels and it’s likely to continue as we can see a bullish sentiment starting below the supply levels in its long-term perspective.
Manta Network (MANTAUSD) Price is heading towards Resistance Trend Level
The sustained bearish pressure at the $3.3230 support value has made the crypto price drop below the supply levels in recent times. However, the bulls are now set to further swing up the coin price towards the resistance trend levels to boost the current crypto signals for the coin investors.

The coin price on the 1-hourly chart today is currently facing resistance and trading at the $3.4591 correction level. Therefore, if the bulls should increase their tension in the market, the price of Manta Network will move above the $3.8927 key level to stabilize the bullish move.

Additionally, the daily stochastic remains in an upward direction on the daily stochastic. Hence, if the coin buyers manage to break above the $3.8927 previous supply trend line, the market price of MANTAUSD will continue heading towards the resistance trend levels to hit the $4.0000 high mark in the days ahead in its higher time frame.

MANTA (USD) Short-term Trend: Bullish (30-Minute Chart)
The currency pair’s orientation trades in a bearish market in its medium-term outlook. The price is seen heading towards the resistance trend levels below the moving averages.
Manta Network (MANTAUSD) Price is heading towards Resistance Trend Level
The intervention from the sell traders at the $3.3608 low value in the previous action has made the coin price drop below the supply trend line in its recent price level.

The market value of MANTAUSD jumps up to the $3.4591 high level below the moving averages shortly after the commencement of the 30-minute chart today, indicating that positive sentiment is returning to the market. Thus, buyers need to add more pressure to their activities to move the market beyond the current price level.

In addition, the Manta Network market is showing more upside possibilities as shown by the daily stochastic pointing upwards; we can certainly expect more gains and strength from the coin. As a result, the coin price could reach the $4.0000 upper high level in the coming days in its lower time forecast.

Buy Manta Network on Longhorn

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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