Hello friends! I hope everyone is doing well. Alhamdulillah, I am doing well too. Currently, we are seeing that the situation in the crypto market is improving, and at the same time, there is some recovery in Bitcoin and other coins. Today, we will specifically talk about Manta Coin. We will discuss where your entry could be, where your selling target could be, and other related topics. Let's begin....

---

Source

---

Currently, Manta Coin is priced at $0.75, showing an upward trend of 3.3%. If we talk about Manta Coin’s market cap, we can see that the current market cap is $283 million, and its 24-hour trading volume is above $25 million. Additionally, the maximum supply and total supply are 1 billion, while the circulating supply is 376 million. The highest price of Manta Coin so far was $4, from which we are currently 81% below, and the lowest price was $0.5, from which we are now 33.2% above.

Now, let's take a look at the chart pattern. If we examine Manta Coin’s chart, we can observe that it is still in a bearish trend. The important horizontal range of this coin is below $0.81 to $0.79. Therefore, the current position of Manta Coin could be a suitable point for your initial entry. However, we will only see a good recovery when it breaks out of its horizontal range, which is at $0.81. At that point, your minimum selling target will be $1.

Once we reach the $1 target and close above it, we will gradually have additional short-term and medium-term targets, which could range from $1.3 to $1.9, and up to $2.1. Another thing to note is that as long as Manta Coin is trading below the 200 EMA and the EMA is going downward, we won't be bullish. We can only expect a good pump or recovery once the candles close above the 200 EMA.

Up until now, we have discussed the 4-hour time frame, which gives us a general idea of what Manta Coin's next move might be. However, if for any reason you bought the coin at a higher price, let's now look at where you could do Dollar-Cost Averaging (DCA). For that, we need to examine the 1-day time frame, and we will see that a strong support zone is at $0.60. Manta Coin has repeatedly bounced back from this level, so $0.60 or below would be a suitable place for your DCA. I don't think it would be wise to do DCA before that.

If you are entering Manta Coin at the current price, then this range would be your second entry point. If you take the $0.60 range as the support line and look at the resistance line, you will see a bearish pattern forming, with a lower low and higher high pattern.

Now, if we talk about what could happen next: from the current position, Manta Coin could bounce back a bit and approach $0.80. If Manta Coin crosses its horizontal line there, we could see a recovery, but if not, it may drop again to around $0.60.

Note that Manta Coin is fundamentally a very strong project. There is no doubt that it will perform very well in the next bull run. If you are looking for a good coin under $1, I believe Manta Coin is worth considering. Personally, I have invested in this coin as part of my portfolio, and I believe it will give me a great return.

---

Source

---

However, friends, I am not a professional trader, so when you buy this coin, please make sure to do thorough research on your own. That’s all for today, friends. Stay well!