MANTA trades in a symmetrical triangle on the daily chart, holding bullish momentum..
Price retests key support at $0.2150 after breaking resistance.
Rising volume since August 4 supports upward pressure, with recent spikes indicating stronger market participation near resistance.
Manta Network (MANTA) price action is tightened within a symmetrical triangle.Buyers are defending key support and volume is showing signs of recovery, traders are eyeing a decisive move in the days ahead.
Price Compression Signals an Impending Move
MANTA/USDT is consolidated in a symmetrical triangle on the daily timeframe. Price has interacted with both the declining upper trendline, drawn from the $0.2900 and $0.2550 peaks, and the ascending base connecting $0.1700 and $0.1950 lows. This pattern often signals accumulation ahead of a sharp breakout.
https://twitter.com/alphacryptosign/status/1955469381745643611
The token is at $0.2452 as of writing, marking a 10.31% gain in the past 24 hours and 20% over the last seven days. The 9-day EMA at $0.2285 remains above the 50-day SMA at $0.2154, confirming short-term bullish control.
Volume has steadily contracted as price moved toward the triangle’s apex, a common occurrence before volatility expansion. A decisive break above $0.2550 could pave the way for a retest of $0.2900, while losing $0.2285 and $0.2150 would expose $0.2000.
Support Retests Strengthen the Bullish Case
Binance 1-hour chart data shared by Crypto VIP Signal shows MANTA retesting the $0.213–$0.218 support area after breaking above earlier resistance.
https://twitter.com/CryptoVIPsignal/status/1955246183867195815
This zone has held firm multiple times, with notable double bottoms forming on August 7 and August 12. Each bounce triggered strong bullish candles, reclaiming $0.220 and maintaining upward pressure.
The recent rally from $0.215 to $0.226 came on the back of a clean retest, flipping previous resistance into support. Alpha Crypto Signal noted that buyers have kept price action above the 9-day EMA, preventing deep pullbacks.
Volume Trends Point to Higher Activity
CoinMarketCap data analysis from mid-July to August 13 pointed out three major peaks coinciding with sharp price reactions.As from August 4, trading activity climbed steadily, holding above 100 million and supporting the latest bullish push.
If momentum continues, a breakout above the $0.2550 barrier could ignite a rally toward the $0.270–$0.290 zone. For now, MANTA remains in a neutral-to-bullish posture, with traders watching closely for confirmation.
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