đ Analysis and Prediction (MANTA and PENDLE):
đ #MANTA/USDT - The price of #MANTA has been following an ascending support line since its listing on Binance on January 18. During this period, it remained under the horizontal resistance area at $2.65. After bouncing off the trendline on January 23 (green marker), the token accelerated its growth and made a bullish breakthrough of this horizontal area the next day. Today, MANTA's price reached a new all-time high at $3.33. However, MANTA is still attempting to climb above the 1.61 Fibonacci level of the external correction at $3.18. If successful, the price could rise by 20% to the next resistance at $3.80.
đ #PENDLE/USDT - Since August 2023, PENDLE's price has been ascending along a parabolic support trendline. This trendline has been tested multiple times for strength, with the latest episode occurring on January 8 (green marker). Today, the price reached a new all-time high at $2.47. The most likely Elliott Wave scenario suggests that #PENDLE is in the fifth and final wave of the upward movement (white color). The most probable target for the peak of this bullish move is at $3.45, 40% higher than the current price. We calculated this target by giving the fifth wave the same length as waves 1 and 3 (white color). Additionally, the Fibonacci 2.61 level of the external correction of the previous fall aligns here.
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