📈 Analysis and forecast on $MANTA : is it time to exit? 🚀
As of May 22, 2025, 11:07 EEST, the rate$MANTA on Binance is $0.323, with an increase of 18% in the last 24 hours. The trading volume for the day is about $33.7M, and the market capitalization exceeds $133M (according to market data). Sentiment on X is positive: users note the breakout of descending resistance and the formation of bullish patterns.
Technically, MANTA demonstrates strength. On the 4-hour chart, the price has stabilized above the 50-day moving average ($0.27), and the RSI (14) at 68 indicates strong momentum, close to overbought conditions. Key levels: support — $0.31, resistance — $0.34. A breakout above $0.34 could push the price to $0.40, but a drop below $0.31 would increase pressure towards $0.29. Volumes are rising, supporting the current trend.
Forecast: in the short term (by the end of May), MANTA could reach $0.40 if momentum is maintained. A correction to $0.29 is possible by July 2025 due to overbought conditions. The long-term target for 2026 is $1.60+, provided interest in ZK-rollups and the Manta Network ecosystem grows.
Is it time to exit? After an 18% increase and the current price of $0.323, taking profits seems reasonable, especially before resistance at $0.34. Set a stop-loss at $0.31 for protection. For long-term investors, holding with a target of $0.40 is justified, but keep an eye on the RSI and volumes. $MANTA is promising due to innovations in zero-knowledge disclosure, but volatility is high — proceed with caution! #MANTA #Binance #CryptoAnalysis
