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Manta Network (MANTAUSD) on the Verge of More Upsides

Johnathon Fox
02/05/2024 | UPDATED ON: 02/05/2024

Manta Network (MANTAUSD) Price Forecast: February 5
At the moment, the Manta Network is on the verge of more upsides due to the high momentum from the bulls. The coin is well on its way to the resistance as its structure also points to a rise shortly. The vital resistance for the coin is found near the $2.9623 zone. However, the price can go higher if the current support holds and the bulls can put in aggressive efforts, the price may retest a $3.7676 high level and further expose to the $3.8000 upper resistance level and above, resulting in a higher gain and a leading future crypto signal for the coin traders.

Key Levels:
Resistance Levels: $2.800, $2.900, $3.000
Support Levels: $2.500, $2.400, $2.300

MANTA (USD) Long-term Trend: Bearish (1H Chart)
MANTAUSD is on the verge of more upsides in its long-term outlook. The coin price is slightly below the supply levels trying to pull up to the resistance level. The intervention from the sell traders in the previous action slows the pressure from the bulls down in recent times.
Manta Network (MANTAUSD) on the Verge of More Upsides
Notwithstanding, the chart indicates that the crypto is on the verge of more upsides as the bulls are not relenting and are therefore preparing for the next uptrend.

The Manta Network at the time of writing has been able to ride up to a $2.9621 supply level as the 1-hourly chart opens today. However, trading below a $2.9257 low level could be a warning sign for the bulls. Therefore, if the bulls should redouble their efforts in the market, more upsides will be achieved.

Similarly, there is an indication that the price of MANTAUSD is on the verge of more upsides as the market now points upward direction in the oversold region of the daily stochastic.

It is therefore expected of buyers to move the price of Manta Network upward and turn the coin to a bullish market soon. The $3.8000 in the supply area might be reached in the coming days in its long-term outlook.

MANTA (USD) Short-term Trend: Bullish (30-Minute Chart)
On the lower time frame, the crypto is also on the verge of more upsides trading in the bearish market zone. The price of the MANTAUSD can be sighted below the moving average trying to sweep off the bears from the road.
Manta Network (MANTAUSD) on the Verge of More Upsides
The bearish pressure at the $2.9021 support level in the past few hours has made the coin stay below the supply trend levels in its recent high.

At the time of writing this article, the buy traders could not relent, thus, the recent bounce back at $2.9321 which further increases to a $2.9621 supply level needs more confirmation to rely on. This means that the currency pair is gaining more strength and also time for the buy session is very near.

Hence, the Manta Network pair is on the verge of more upsides as the market remains in an upward direction on the daily stochastic.

This means that the selling pressure has ended, we will now be looking at the emergence of more bullish forces in the market as the long traders take us up to a $3.8000 significant level in the coming days in its medium-term perspective.

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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