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
Nasdaq Index Rises for 10 Straight Days, Why Has Tesla Barely Risen?On April 14, the Nasdaq notched its tenth consecutive session of gains, marking its longest winning streak since 2023. It has risen nearly 14% from its recent lows, as the 'Magnificent Se
Author  TradingKey
7 hours ago
On April 14, the Nasdaq notched its tenth consecutive session of gains, marking its longest winning streak since 2023. It has risen nearly 14% from its recent lows, as the 'Magnificent Se
placeholder
Gold eases from four-week top as Hormuz risks temper USD weaknessGold (XAU/USD) hits a nearly four-week high during the Asian session on Wednesday, though it lacks follow-through buying and currently trades just below the $4,850 level, nearly unchanged for the day.
Author  FXStreet
10 hours ago
Gold (XAU/USD) hits a nearly four-week high during the Asian session on Wednesday, though it lacks follow-through buying and currently trades just below the $4,850 level, nearly unchanged for the day.
placeholder
Silver Price Forecasts: XAG/USD approaches $78.00 boosted by Iran peace hopesSilver (XAG/USD) is rushing higher on Tuesday, reaching fresh two-week highs right below $78.00 at the time of writing, after bouncing from lows around $72.60 on Monday.
Author  TradingKey
Yesterday 10: 01
Silver (XAG/USD) is rushing higher on Tuesday, reaching fresh two-week highs right below $78.00 at the time of writing, after bouncing from lows around $72.60 on Monday.
placeholder
Trump Blockade of Strait of Hormuz Drives Oil Price Surge, Will This Be Another TACO? On Sunday (April 13), Trump announced following the breakdown of U.S.-Iran negotiations that the U.S. Navy would impose a maritime blockade on Iranian ports starting Monday.Following the
Author  TradingKey
Apr 13, Mon
On Sunday (April 13), Trump announced following the breakdown of U.S.-Iran negotiations that the U.S. Navy would impose a maritime blockade on Iranian ports starting Monday.Following the
placeholder
U.S.-Iran Standoff in the Strait of Hormuz. Iranian-Controlled Strait Has Not Resumed Passage; Why Does Trump Still Want a Military Blockade?Following the failure of U.S.-Iran peace talks, President Trump announced on Sunday that the U.S. Navy will immediately blockade the Strait of Hormuz and prevent any vessels that have pai
Author  TradingKey
Apr 13, Mon
Following the failure of U.S.-Iran peace talks, President Trump announced on Sunday that the U.S. Navy will immediately blockade the Strait of Hormuz and prevent any vessels that have pai
goTop
quote