$MANTA $MANTA Ready to Fly? Reversal Pattern in Play! 🌊🚀
MANTA/USDT is flashing a major recovery signal on the 1-hour chart! After a period of downward pressure that saw the price touch a low of $0.0727, we are now seeing a sharp V-shaped recovery. The price has surged past the middle Bollinger Band (MB: 0.0758) and is currently trading strong at $0.0809.
Technical Highlights:
Explosive Momentum: MANTA is up +3.45% in the last 24 hours, showing significant buyer interest at these lower levels.
MACD Magic: A powerful bullish crossover has occurred on the MACD, with green histogram bars rapidly increasing in size.
RSI Strength: The RSI (10) is at 75.0, indicating very strong bullish momentum. While this is nearing overbought territory, it often precedes a continued parabolic run during a breakout.
KDJ Indicator: The J-line is at 110.0, showing a massive upward thrust from the bulls.
🎯 Trading Signal & Key Levels
For those looking to catch the wave, here are the targets to watch:
🔹 Current Price: $0.0809
🔹 Target 1: $0.0815 (Immediate 24h High resistance)
🔹 Target 2: $0.0845 (Upper SAR resistance)
🔹 Target 3: $0.0910 (Major psychological breakout level)
⚠️ Stop Loss: $0.0750 (Just below the middle Bollinger Band support to manage risk)
Project Insight: Manta Network is a leading Layer 2 ecosystem designed for zero-knowledge (ZK) applications, offering privacy and scalability that few other chains can match. As the ZK-narrative heats up,
$MANTA is a top project to keep on your watchlist.
Are you bullish on MANTA's privacy tech, or is this just a short-term pump? Let’s discuss in the comments! 👇
#MANTA #MantaNetwork #Layer2 #ZkProof #CryptoSignals #BinanceSquare
#TechnicalAnalysis