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Manta Network (MANTAUSD) Buying Time Is Now

Johnathon Fox
01/29/2024 | UPDATED ON: 01/29/2024

Manta Network (MANTAUSD) Price Forecast: January 29
MANTAUSD buying time is now as the price is currently running a bullish race. Bulls are putting a lot of pressure on the cryptocurrency. On the other hand, if the coin prices hold above the prior high of $3.8672, the bulls’ trend would likely continue and the upper high level of $4.0000 might be reached.

Key Levels:
Resistance Levels: $2.3000, $2.4000, $2.5000
Support Levels: $2.1000, $2.0900, $2.0800

MANTA (USD) Long-term Trend: Bullish (1H Chart)
Manta Network buying time is now. The coin turns positive today and it is strongly trading in a bullish momentum in its higher time frame. This looks nice for the buy trader and signifies a buy signal.
Manta Network (MANTAUSD) Buying Time Is Now
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few hours.

With sustained buying, the coin price challenged another resistance zone of $3.6755 above the moving averages as the 1-hour chart resumes today, indicating buyers’ attempt to prolong the bullish rally.

While the crypto signals remain valid for the buy traders that buying time is now, additional efforts by the bulls to the retest $3.8672 previous swing high would further prolong the recovery pattern and invalidate any further bearish thesis.

Notably, the underlying sentiment suggests an uptrend continuation in the coming days as indicated by the daily stochastic. Buyers are anticipated to drive the price of MANTAUSD higher to a noteworthy level; in this case, the $4.0000 supply level may be the aim in the higher time frame.

MANTA (USD) Short-term Trend: Bullish (30-Minute Chart)
The short-term outlook of the Manta Network suggests the buying time is now. Prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart below.
Manta Network (MANTAUSD) Buying Time Is Now
Pressure from the bulls at the $3.4803 high value in the previous action has sustained its upward stability in its recent high.

MANTAUSD is losing bearish momentum as it rises to a $3.6755 high level above the moving averages as the 30-minute chart begins today. The strong bullish influence on the market price is the cause of this.

Additionally, the momentum indicator is heading upward, indicating that there is more upward potential for Manta Network and the buying time is now. Undoubtedly, we should anticipate further increases and strength from the coin. The pair may likely reach the $4.0000 upper resistance level in the days ahead in its short-term time frame.

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.

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