🔴🔴Cryptocurrency forecast #MANTA /USDT based on chart🔴🔴
Current situation:
Price: 1.849 USDT 📍Price increased by 4.23% during the day 📈
Technical levels:
Nearest support level: 1.371 USDT 📉Resistance level: 2.500 USDT and 3.000 USDT 📊
Figure on the graph:
A “wedge” figure is visible with a downward trend, which the price has begun to break through upward, which may signal a possible trend reversal 📈.
Indicators and volumes:
RSI is in the 50 zone, which indicates the possible start of an uptrend, but the signal is not very strong 🔍. Trading volumes show increased activity, which confirms the price movement 📊.
Forecasts and key levels:
Positive scenario: If the price consolidates above 2.000 USDT, the nearest target will be at 2.500 USDT, which corresponds to an increase of 69.53% from the current level 🚀. Breaking through the 2.500 USDT level may lead to a move to the next resistance at 3.000 USDT 🌟. Negative scenario: If the price will not stay above the current level and will begin to decline; the nearest support is at the level of 1.371 USDT, which corresponds to a decrease of 22.60% from the current level ⚠️. If the level of 1.371 USDT is broken, the price may continue to decline to the support level around 1.000 USDT 🔻.
Recommendation:
Keep a close eye on the 2.000 USDT and 2.500 USDT levels for confirmation of the uptrend 📈. Use the 1.371 USDT and 1.000 USDT levels as major support levels to minimize risks ⚠️.
🔍 Tip: Monitor trading volume and RSI to determine if the market is confirming an upward move. This will help you make more informed investment decisions and adapt your strategy in time 📊.
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