big potential 🚀

---$MANTA

Market Update: MANTA/USDT Price Analysis
The MANTA/USDT trading pair is currently exhibiting an interesting pattern on the 4-hour chart. Let's dive into the key technical details and potential price movements:
1. Rising Wedge Formation:
The price action has been following a rising wedge structure (highlighted in blue), which is often considered a bearish pattern. The upward momentum is slowing down, and the price is showing signs of consolidation near the resistance zone around $1.26–$1.30.
2. Potential Reversal Zones:
If the price fails to break above the wedge, it may confirm a reversal. The purple lines represent potential support zones, which could act as areas where buyers may step in:
First Support: Around $1.20
Second Support: Around $1.10
Major Support: Below $1.00
3. Bearish Divergence Risk:
Traders should be cautious of a potential bearish divergence forming with declining momentum indicators like RSI or MACD (not shown here). This could further strengthen the case for a pullback.
4. Breakout Scenarios:
Bearish Breakdown: If the price breaks below the wedge, it might target the lower support zones sequentially, starting with $1.20.
Bullish Breakout: If the price closes above $1.30 with strong volume, it could invalidate the bearish setup and lead to higher targets around $1.40–$1.50.
5. 24-Hour Overview:
High: $1.318
Low: $1.134
Current Price: $1.269 (-0.24%)
The trading volume indicates moderate activity, suggesting a possible buildup for a larger move.
Key Takeaway:
The market is at a critical juncture. Traders should watch for a decisive breakout or breakdown from the wedge pattern. Setting stop-loss levels and proper risk management are crucial, especially during such volatile times.
What’s your next move with MANTA/USDT? Share your thoughts in the comments below!
#ETHOnTheRise #NFTIsBack #MicrosoftBTCInvestmentVote

#BNBHitsATH #XRPReclaimsTop3