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MANTA — Creating the perfect get on board point?
Like many alts, MANTA has recently been showing strong bullish signals.
In this article, I will analyze the current charts and discuss potential trading setups. Let's get started!
Key chart facts
▸ Forming a bottom and breaking resistance: MANTA recently formed a perfect bottom, and then broke through the key resistance level of about $0.864. The breakthrough is significant because it indicates a change in momentum.
▸ bullish VMA signal: Since MANTA hit bottom, the Trading Volume Weighted Moving Average (VMA) has remained bullish, indicating a sustained pump momentum.
▸ Retest support level: With the current market downturn, MANTA is reevaluating the previous resistance level around $0.864, and is currently testing that resistance level as a support level. A successful retest will confirm the breakthrough and provide a reliable entry point.