After a long period of declining trend, $MANTA has recently formed a horizontal compression formation.

There is a triangular formation between the descending trend line (orange) and the horizontal support line (purple/around 0.1602 USDT). This is generally interpreted as a compression/decision phase.

Main support: 0.1602 USDT (purple line). If this level is broken, selling pressure may deepen.

Intermediate support: 0.21 – 0.22 USDT range (current price region).

First resistance: 0.3532 USDT (black line). If this area is broken, strong buying appetite may arise.

Upper resistance: 0.5658 USDT. The upward momentum may continue until this level.

Fibonacci 0.236 level: 1.09 USDT. This could be one of the major targets in the medium to long term.

Positive Scenario:

If the price breaks the triangle upwards, the first target will be 0.3532 USDT, followed by the levels of 0.5658 USDT. This breakout indicates that buyers have returned.

Negative Scenario:

If the 0.21 region is broken downwards and closes below 0.16, new bottom searches may come to the fore. In this case, selling pressure increases.

Volume is quite low (around 15M), indicating that a decision phase has been reached.

Direction confirmation can be obtained with an increase in volume.

MANTA/USDT is currently within a compression formation and approaching a decision phase. If it maintains above 0.21, there is potential for an upward move first to 0.35 and then to 0.56. However, if it falls below 0.21 and especially below 0.16, a new downward trend may begin.

📌 In summary, in the short term, direction breakout should be confirmed with volume; investors should monitor the 0.21 – 0.22 range as a critical pivot level. @MantaNetwork @MantaNetworkTR #Manta