Daisy_adamZz
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$MANTA recently encountered resistance, leading to a clear shift in near-term momentum.
• Trading at approximately $0.226, up around 5% in the last 24 hours with a 24-hour range of $0.213 to $0.228 .
• Currently holds a market cap near $95 million, with ~423 million tokens circulating out of a 1 billion max supply .
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Technical Overview:
• Multiple platforms indicate a neutral to bearish bias on daily and weekly timeframes. Overall technical sentiment remains skewed toward sell 🚩 .
• At the daily level, asset ratings show ~13 sell signals, 8 neutral, and 4 buy, with moving averages heavily weighted toward sell .
• Hourly and 5-hour charts show mixed tape: shorter intervals tilt neutral/buy, but longer spans reinforce bearishness  .
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Key Technical Levels to Watch:
• Resistance: The recent high around $0.228–$0.23 remains a critical ceiling; failure to reclaim it could perpetuate further downside.
• Support: Hold around $0.213–$0.214 — a break below may open risk toward the $0.20 zone; further erosion could expose new structural lows in the $0.18–$0.19 band.
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Broader Context & Near-Term Drivers:
• Manta is trading roughly 94% below its all-time high of $4.05, reached in March 2024, underscoring a steep downtrend  .
• A recent all-time low near $0.1567 (June 2025) still anchors the current trading range near the lower end of recent volatility .
• Forecast models remain mostly cautious: many 2025 outlooks hover near $0.24, suggesting limited upside from current levels; broader consensus tilts toward flat-to-moderate growth longer-term  .
• Trading at approximately $0.226, up around 5% in the last 24 hours with a 24-hour range of $0.213 to $0.228 .
• Currently holds a market cap near $95 million, with ~423 million tokens circulating out of a 1 billion max supply .
⸻
Technical Overview:
• Multiple platforms indicate a neutral to bearish bias on daily and weekly timeframes. Overall technical sentiment remains skewed toward sell 🚩 .
• At the daily level, asset ratings show ~13 sell signals, 8 neutral, and 4 buy, with moving averages heavily weighted toward sell .
• Hourly and 5-hour charts show mixed tape: shorter intervals tilt neutral/buy, but longer spans reinforce bearishness  .
⸻
Key Technical Levels to Watch:
• Resistance: The recent high around $0.228–$0.23 remains a critical ceiling; failure to reclaim it could perpetuate further downside.
• Support: Hold around $0.213–$0.214 — a break below may open risk toward the $0.20 zone; further erosion could expose new structural lows in the $0.18–$0.19 band.
⸻
Broader Context & Near-Term Drivers:
• Manta is trading roughly 94% below its all-time high of $4.05, reached in March 2024, underscoring a steep downtrend  .
• A recent all-time low near $0.1567 (June 2025) still anchors the current trading range near the lower end of recent volatility .
• Forecast models remain mostly cautious: many 2025 outlooks hover near $0.24, suggesting limited upside from current levels; broader consensus tilts toward flat-to-moderate growth longer-term  .
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