Manta Network (MANTAUSD) Price Forecast: February 3
The Manta Network price is close to the $3.250 supply level and has already increased significantly in the previous actions; this is due to the high buying momentum from the bulls. The bears are losing control. The crypto may likely hit the previous high at the $3.892 resistance level provided the current support level at $2.969 holds. As a result, the coin price may extend to the $4.000 upper resistance level and beyond, leading to the best crypto signals and a potential buy for the coin traders.
Key Levels:
Resistance Levels: $3.100, $3.200, $3.300
Support Levels: $2.900, $2.800, $2.700
MANTA (USD) Long-term Trend: Bearish (1H Chart)
Manta Network‘s price is close to the supply trend levels in its long-term outlook. The price bar can be seen slightly below the moving average lines and has confirmed its bearishness. The pressure from short traders in the previous action adds to the bearish impact on the market.
However, the bulls overrode this and made a corrective move to the $3.0990 resistance level slightly below the EMA as the 1-hourly chart opens today.
Thus, the MANTAUSD current price level which is close to the major resistance level is a result of high commitment from the bulls. Should the bulls increase their momentum, the coin price might break out from the current supply to hit the previous high of $3.8927 high value.
Additionally, the daily stochastic points upward, indicating an uptrend. Therefore, a retest of the previous high at the $3.8927 level is feasible if the buy traders are successful in maintaining the MANTAUSD prices above the $3.7676 resistance level. This might further push the coin price to the $4.000 upper high level in the following days in its higher time frame.
MANTA (USD) Short-term Trend: Bullish (15-Minute Chart)
MANTAUSD price is close to the upper resistance level as can be seen progressing forward in its medium-term perspective. The price bar can be seen above the resistance levels, thus, buyers have the market at their disposal at the moment. The bulls’ pressure on the crypto in the past few hours has sustained its bullishness in its recent high.
After the interaction from the sell traders, buyers successfully pulled back at the $3.0963 level above the EMA-50 but close to the major resistance; this is an indication of the beginning of a new bullish cycle race. A strong breakup above the $3.1862 resistance point would strengthen the bullish pressure.
However, there is a possibility of a further increase in the price of Manta Network, if the buy traders increase their price actions and all the current support level holds, a psychologically key level of $4.000 at the upside might be reached soon in its lower-term time frame.
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