MANTA coin 🪙 price very higher
As the price of MANTA approaches its all-time high, it is looking forward to the next major zone
Following its recent ascent to a new all-time high of $3.33 earlier today, the price of MANTA is now taking a little break. Even though it has retraced 4.10 percent, MANTA continues to be supported at the Fibonacci 0.236 level at $3.06412, which has allowed the rise to continue for the time being.
Both the hourly 20 exponential moving average (EMA) at $3.06144 and the hourly 50 EMA at $2.92883 are rising, which is a reflection of the bullish momentum. Following the rapid spike, the 100 exponential moving average (EMA) at $2.74766 is also rising, but at a slower speed, which indicates the possibility of consolidation.
MANTA has potential to continue climbing until it gains additional positive momentum, as shown by the RSI, which is now at 56.16. This suggests that the path of least resistance for MANTA continues to be upward, while the support level at FIB 0.236, which is located at $3.06, stays unchanged.
In the future, the next significant resistance zone for MANTA is located between $3.26257 and $3.33079, which is the same price range that the all-time high is now trading in. In order to restart the upward trend, a decisive break above this region is required.
The crucial Fibonacci 0.236 support level, which is located around $3.06412, continues to be important. MANTA will continue to maintain its positive trend so long as it continues to trade above this level. A failure below the $3.06 support level might result in a more severe correction towards the hourly 20 exponential moving average, which is located close to $3.06.
For the time being, MANTA continues to be in an upward trend while taking a break above the important Fibonacci support level. As long as the price remains around $3.06, the bulls will continue to maintain their dominance. There is a requirement for a breakthrough over the $3.33 resistance level in order to validate the subsequent upward move in MANTA.
