$MANTA strengthened by around +15% in the last 24 hours š
After experiencing a sideways movement within a limited range, today $MANTA finally recorded a price spike of +15.67% to a level of $0.310. The highest price in 24 hours reached $0.317, with a trading volume of 16.47 million MANTA ā indicating increased buying interest, although not yet massively in terms of liquidity.
Technically:
* Currently, the price is still right at the EMA(21) and EMA(13) zone. A breakout from this area could determine whether this is just a healthy retracement or the beginning of a trend reversal.
* EMA99 is still far below at around $0.292, meaning structurally MANTA is still considered bullish short-term, although selling pressure is starting to show.
* RSI(6) has fallen to 37.17 ā a signal that selling pressure has dominated the last few candles.
* The Stoch K/D/J structure is also starting to curve downwards, reinforcing the potential for a minor pullback.
Zooming out a bit, the performance of $MANTA in the last 30 days is still +32.05%, but in the 90ā180 day horizon, this token has still experienced a significant drawdown (-68% to -82%) which should be noted by holders and scalpers alike.
š Disclaimer : Not Promotion & Not Financial Advice
