Manta Network (MANTAUSD) Price Forecast: January 31
The MANTAUSD price is approaching the abovementioned level at the moment. The coin price may likely increase further, provided buyers don’t give up and increase their momentum pressure in the market. In case buyers manage to break up the pattern resistance trend line at the $3.8927 high value, this could lead the coin market price to the $4.000 resistance mark and beyond, which indeed will be a turnaround for the coin holders.
Key Levels:
Resistance Levels: $3.4000 $3.5000, $3.6000
Support Levels: $3.0000, $2.9000, $2.8000
MANTA (USD) Long-term Trend: Bullish (1H Chart)
MANTAUSD remains bullish on the higher time frames. This is clear as the coin prices are approaching the upper high level indicating an uptrend.
However, the previous action at the $3.5864 high level has sustained the coin price to remain above the trend line in its recent high.
The current price of Manta Network which is approaching the upper high level at the $3.6891 level above the EMA-50 as the 1-hourly session opens today indicates an uptrend in the context of the strength of the market. This allows for a more bullish impact in the market as the coin price approaches the upper resistance level.
Adding to this, if the support level holds, there is a propensity for the coin to rise even higher, this will allow buyers to push the price of the cryptocurrency up to a high of $4.000 level soon in its long-term perspective.
MANTA (USD) Short-term Trend: Bullish (45-Minute Chart)
MANTAUSD’s price is also approaching the upper resistance area and shows a more bullish impact in its lower time frame. The bulls are having the market at their disposal at the moment.
The order flow by the long-term traders at the $3.5864 high value during yesterday’s session has made the coin price increase above the supply levels in its recent high.
The coin price finds reliable resistance at around $3.6891 above the EMA-50, resulting in intraday gains. Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction which could bring the best crypto signal for the asset.
However, there is a possibility of further increase in the price of Manta Network if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $4.000 supply level might be reached soon as the coin price is approaching the upper high mark in its short-term outlook.
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