Manta Network Price Prediction: 10% losses likely as MANTA teases with a possible sell signal

Source Fxstreet
  • Manta Network price remains in the upper half of the Bollinger indicator above the centerline at $3.1428.
  • MANTA could fall 10% amid falling momentum, with a pending sell signal on the H2 timeframe.
  • Invalidation of the bearish thesis will occur if the price creates a higher high above $3.5165.

Manta Network (MANTA) price remains broadly bullish, but things could change soon amid falling momentum that teases with a pending sell signal.

Also Read: Top three altcoins trending in crypto social media: Ethereum, Dogecoin, Ondo

Manta price coukl find strong support after a 10% fall

Manta Network price is trading with a bullish bias on the 2-hour timeframe, overperforming above an ascending trendline. It remains in the top half of the Bollinger indicator, between the centerline and the upper band at $4.1428 and $3.3544 levels respective.

Based on the outlook of the Relative Strength Index (RSI), momentum is falling, and could soon record a bearish crossover, cutting through the signal line (yellow band) to the south. With such a crossover deemed a sell signal, the Manta Network price could lose the support offered by the centerline at $3.1428, likely recording a 10% downswing from current levels, to find strong support between the confluence of the ascending trendline and horizontal support at $2.8194.

In the dire case, MANTA price could roll over to the $2.6024 support level, nearly 23% below the current price.

MANTA/USDT 2-hour chart

On the other hand, with the RSI at 61, the price strength is positive with more room north before MANTA can be considered overbought at 70. With this, enhanced buyer momentum could send Manta Network price north, shattering past the upper band of the Bollinger indicator at $3.3544.

For the bearish thesis to be invalidated, however, Manta Network price must clear the range high at $3.5165 and record a higher high above it.

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Rebounds After Falling to $62,500 Low, Crypto Market Still Extremely FearfulDuring the U.S. trading session on February 24, Bitcoin (BTC) dropped to $62,500, dragging down the broader crypto market. Today's Fear and Greed Index rose to 11, remaining in the "Extre
Author  TradingKey
11 hours ago
During the U.S. trading session on February 24, Bitcoin (BTC) dropped to $62,500, dragging down the broader crypto market. Today's Fear and Greed Index rose to 11, remaining in the "Extre
placeholder
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP post cautious recovery amid downside risksBitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are posting a cautious recovery on Wednesday following a market correction earlier this week.  BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.
Author  FXStreet
11 hours ago
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are posting a cautious recovery on Wednesday following a market correction earlier this week.  BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.
placeholder
Gold advances back closer to $5,200 mark amid geopolitical tensions and USD weaknessGold (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the monthly top and climbs back closer to the $5,200 mark during the Asian session on Wednesday.
Author  FXStreet
13 hours ago
Gold (XAU/USD) attracts some dip-buyers following the previous day's modest pullback from the monthly top and climbs back closer to the $5,200 mark during the Asian session on Wednesday.
placeholder
Gold Price Pulls Back After Hitting $5,250/Oz, Safe-Haven Sentiment Sustains Gold NarrativeDuring Tuesday's Eastern U.S. trading session, Gold (XAUUSD) Prices retreated after nearly touching the $5,250 threshold as investors engaged in profit-taking and the U.S. dollar strength
Author  TradingKey
13 hours ago
During Tuesday's Eastern U.S. trading session, Gold (XAUUSD) Prices retreated after nearly touching the $5,250 threshold as investors engaged in profit-taking and the U.S. dollar strength
placeholder
Australian Dollar edges higher after Australian CPI; focus shifts to Trump’s SOTU speechThe AUD/USD pair edges higher following the release of the latest Australian consumer inflation figures, though it lacks follow-through buying and remains confined in a familiar range held over the past two weeks or so.
Author  FXStreet
18 hours ago
The AUD/USD pair edges higher following the release of the latest Australian consumer inflation figures, though it lacks follow-through buying and remains confined in a familiar range held over the past two weeks or so.
goTop
quote