a technical analysis for MANTA/USDT with three target levels and trade momentum:
Technical Analysis:
Current Price: 0.854 USDT
24h Movement: +4.91% (Current upward momentum)
Trend: Bullish
The price has been rising over the past 24 hours, showing bullish sentiment.
The RSI (Relative Strength Index) is trending above 50, suggesting the market is in favor of buyers.
Support Level: Around 0.788 USDT
Resistance Level: Around 0.863 USDT (current 24h high)
Trade Signal:
Buy Signal: Buy when the price consolidates or slightly retraces towards 0.820–0.830 (key support zone).
Target Levels:
1. Target 1: 0.863 USDT (next resistance level)
2. Target 2: 0.880 USDT (possible further upside)
3. Target 3: 0.900 USDT (if momentum continues upward)
Momentum:
Currently, the momentum is strong, with positive price action and an upward trend, so there's a chance of further price increases.
However, keep an eye on volume; if it starts decreasing, momentum might slow down, and a retracement could occur.
It's important to be cautious of possible volatility and market corrections, so it's recommended to set stop-losses to manage risk.