🔍 Manta Network ( $MANTA ) – Technical Analysis Summary

The trading volume increased by 8.56% in the last 24 hours, reaching $22 million. This indicates growing investor interest and the emergence of short-term liquidity in the market.

The $0.22 level is a strong support zone, acting both as a pivot point and the 50% Fibonacci retracement level.

Oversold indicators (Stochastic %K: 0, Williams %R: -100) suggest that selling pressure has eased in the short term and a potential recovery may be on the horizon.

The price is currently above long-term moving averages (EMA50 and EMA200), which shows that the overall market structure remains weakly but positively inclined.

📌 Trading Strategy

A breakout should be awaited before entering new positions.

A close above $0.23 may signal a buying opportunity.

A close below $0.21 could indicate further downside.

Range trading between $0.21 – $0.23 can be considered for short-term setups.

Stop-loss levels:

For long positions: below $0.21

For short positions: above $0.23 #Write2Earn #BTCPrediction