MANTA Maintains $0.075 Support as Price Structure Tightens on the Daily Chart

CryptoNewsLand
MANTA5,61%
BTC0,99%
  • MANTA price held above the $0.07547 support zone while consolidating near horizontal resistance.

  • Price compression developed as MANTA traded below a long-standing descending trendline.

  • Price was trading between the support of $0.07547 and resistance of 0.08908 as indicated by TradingView data.

The price action of Manta Network (MANTA) showed that the market was active once again and the stock increased in the last session. Data from TradingView showed MANTA holding above a defined demand zone while approaching a horizontal resistance level. At the time of reporting, the token traded at $0.08754, marking a 16.0% increase over the past 24 hours. This movement placed focus on the ongoing price compression visible on the daily chart.

Notably, recent candles continued to narrow in range as price remained capped below resistance. This behavior aligned with a broader technical structure formed after an extended decline. As a result, traders closely tracked the interaction between support, resistance, and the descending trendline visible on the chart.

Price Holds Demand Zone as Compression Develops

MANTA price remained supported above the $0.07547 level, which defined the nearest demand zone. This area limited downside movement during recent sessions. Nevertheless, the price action exhibited recurring efforts of going up without follow-through. As a result, candles were squeezed at the top of the present range.

In the meantime, the TradingView data showed a horizontal resistance of $0.08908. Price had reached this level without breaking the trendline that fell down. This convergence formed a tightening structure, as volatility kept on shrinking.

This compression ensured that price movement was held in, which strengthened short-run equilibrium. This convergence created a tightening structure, where volatility continued to contract. Such compression kept price movement contained, reinforcing short-term equilibrium.

Descending Trendline Defines Technical Structure

The daily chart displayed a clear descending trendline extending from earlier highs. Price remained below this trendline throughout the downtrend. Nevertheless, the recent candles were created in proximity to the trendline, and the distance between the price and resistance decreased.

$Manta #Manta is currently behaving like a strong altcoin setup. Price is holding a key demand zone and showing compression near resistance. If MANTA breaks and closes above this horizontal level, along with a clean breakout of the descending trendline, it can open the door for a… pic.twitter.com/Dj3OcyM53q

— World Of Charts (@WorldOfCharts1) January 31, 2026

Concurrently, the chart depicted increased lows that were created in the structure. These increased lows were during the period where price remained between support and resistance. As a result, market activity concentrated within a smaller price window, increasing technical focus on the trendline interaction.

Market Data Highlights Breakout Levels

TradingView figures showed MANTA trading within a 24-hour range between support and resistance levels. The token also recorded gains against BTC, rising 14.9% on the pair. However, the price remained below the $0.08908 resistance at the time of observation.

Notably, the chart projected a potential upward path if price cleared both the horizontal level and the descending trendline. Until then, price continued to oscillate within the compressed range. This alignment kept market structure intact, with key levels clearly defined for subsequent sessions.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

BTC edges up 0.46% in 15 minutes: institutional fund outflows and macro risk-off sentiment in sync drove the move

From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably. The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action. In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced. Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.

GateNews43m ago

XRP Rises 4% as Ripple Partnership and ETF Inflows Drive Recovery

XRP rose 4% to $1.41, boosted by Ripple's partnership with Kyobo Life and increasing institutional interest. Broader market gains and positive community engagement also contributed, though XRP remains 63% below its peak. Key support is at $1.38.

GateNews7h ago

ETH/BTC ratio rebounds—are institutional funds rotating? A deep dive into structural signals in the crypto market

BTC breaks through $75,000; the Iran–Israel ceasefire and fresh highs in U.S. stocks lift risk assets, but the options market remains somewhat cautious. The ETH/BTC ratio rebounds, signaling capital rotation.

GateInstantTrends8h ago

Crypto Market Rebounds 1.5% to $2.54T as Bitcoin Leads Rally Amid Tech Surge and Policy Progress

The crypto market rebounded 1.5% to $2.54 trillion, led by Bitcoin's 7% gain amid easing geopolitical tensions and strong ETF inflows. Analysts predict further gains if Bitcoin surpasses $76K resistance.

GateNews9h ago

Bitcoin bull market index rises to 40 points; Bloomberg: the U.S. and Iran are considering extending the ceasefire agreement by two weeks

Bitcoin’s price as of April 16 is approaching $74,700. The Bullish Sentiment Index (BSI) has risen to 40 points, indicating a rebound in market sentiment. The United States and Iran are evaluating options to extend the current ceasefire agreement, and they are also discussing navigation issues in the Strait of Hormuz, as diplomatic negotiations continue.

MarketWhisper14h ago
Comment
0/400
No comments