Manta Network (MANTAUSD) Price Forecast: February 6
The MANTAUSD price is increasing steadily and with the look of things, the crypto price will grow more which is an opportunity for long-term investors. In case the bulls’ pressure breaks up the resistance level of $3.6618, the coin price may grow further to a $3.8000 high trend line which indeed will be a turnaround for the coin holders and also suggests the best crypto signals for the coin traders.
Key Levels:
Resistance Levels: $3.4000 $3.5000, $3.6000
Support Levels: $2.9000, $2.8000, $2.7000
MANTA (USD) Long-term Trend: Bearish (1H Chart)
MANTAUSD is in a bearish trend zone on the higher time frames. This is clear as we can see the coin prices below the supply levels approaching the resistance levels. Meanwhile, the crypto will grow more if an additional strength is added to the buying skills in the market.
The bearish pressure at the $2.6245 support level in the past few hours has made the coin stay below the supply trend levels in its recent high.
Actions from buyers have also increased the coin further up to the $2.6341 resistance value below the supply levels as the 1-hour chart opens today as it journeys up north. The Manta Network price will grow more and more gains are possible if the bulls can put extra effort into the price action.
Notably, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price might grow more to retest the $3.6618 supply value which could further expose to the $3.8000 upper high level in the coming days in its long-term outlook.
MANTA (USD) Short-term Trend: Bullish (15-Minute Chart)
The coin is now displaying a bullish posture in its short-term outlook. This is due to the high inflow from the long traders. Based on the outlook, Manta Network’s price will grow more due to the high turnover from the bulls at the moment.
The increase in the momentum by the bulls at the $2.7232 supply value during yesterday’s session has enabled the crypto price to stay strong above the resistance lines in its recent high.
The market price of MANTAUSD has just broken up the EMA-50 line at the $2.6368 supply level as the 15-minute chart opens today. This will give the crypto a high tendency to grow more.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $3.010 previous high, the resulting rally could grow more to hit the $3.8000 psychological level at the upside in the days ahead in its lower timeframe.
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