🔍 Technical Analysis Summary for #MANTA Network ($MANTA )

📈 Increasing Trading Volume (Positive Liquidity):

The trading volume has increased by 8.56% in the last 24 hours and has reached a level of 22 million USD.

This indicates growing investor interest and signals a more liquid market in the short term.

🛡️ Strong Technical Support Zone ($0.22):

The price is attempting to stabilize at $0.22 – this area acts as both a pivot point and a 50% Fibonacci support.

This shows that buyers are actively defending this level.

📉 Short-Term Oversold Indicators (Chance of Recovery):

The Stochastic %K is at 0.00 and the Williams %R at -100, indicating a short-term oversold condition.

These signals suggest a potential exhaustion of selling pressure and a possible rebound.

📊 Price Above Long-Term Averages:

The current price is above the EMA200 ($0.19) and the EMA50 ($0.21).

This shows that the overall market condition – albeit weak – is still slightly upward trending.

📌 Trading Strategy: Wait for Breakout

Bullish Breakout: A closing price above $0.23 could be seen as a buying opportunity.

Bearish Breakout: A closing price below $0.21 could signal further decline.

Range Trading: Short-term trades between $0.21 – $0.23 are possible.

⛔ Stop-Loss Levels:

For Long Positions: below $0.21

For Short Positions: above $0.23