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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.