- MANTA rose above the $0.772 trendline after bouncing off a key demand zone that held strong in late June.
- Bulls are now targeting $0.909 and $1.105 which have acted as strong rejection points in earlier trading.
- A close above $0.80 may bring added strength as volume and past price moves favor continued upside movement.
Manta Network (MANTA) broke above a descending trendline resistance near $0.772, indicating a potential bullish reversal on the daily chart. The breakout comes after weeks of compression near a demand zone, shown in pink, with price bouncing off this support in late June. With this breakout confirmed by a strong daily candle, traders are now eyeing higher targets at $0.909 and $1.105.
Source:
X
Breakout Zone Holds Strong at $0.772
MANTA price had been trapped under a falling trendline since mid-May, unable to post higher closes above the diagonal resistance. After multiple failed attempts, bulls regained momentum from a clearly defined horizontal demand zone spanning roughly $0.70 to $0.76. This area, previously tested in late April, offered significant buying interest.
On July 2, 2025, MANTA pierced the descending trendline with a strong bullish candle, closing at $0.772. This confirmed the breakout and positioned the token for a short-term uptrend. The price action reflects increasing demand and suggests exhaustion of bearish momentum below $0.76.
The 1D chart shows consistent higher lows in June leading into July, which reinforced the case for a bullish reversal. Traders are now watching if the breakout sustains and leads to a rally toward the next horizontal resistance level.
Eyes Set on $0.909 and $1.105 as Next Targets
The breakout above the $0.772 resistance opens the door for potential moves to $0.909 and $1.105, which served as past supply zones. These levels mark major rejection points from earlier in May and June, with $0.909 capping two failed bullish pushes in late May.
Should buyers maintain control above the $0.772 mark, momentum may accelerate. A strong close above $0.80 in coming sessions could add further confidence among market participants. This may increase buying interest and possibly attract short-term swing traders.
However, failure to hold $0.772 as a support would invalidate this setup. In such a case, price could revisit the demand zone once more. The chart currently favors the bulls, especially with the descending resistance now invalidated by price action.
Volume data and RSI readings were not provided but would be important for confirmation. A high-volume breakout would further validate this current price move and increase probability of reaching $0.909.
Is MANTA’s Trendline Break Signaling a Broader Shift?
As traders monitor the breakout, a key question emerges: is this rally part of a larger bullish structure or a short-term relief?
Technical structure suggests price compression, now resolved upward, may lead to trend continuation. The breakout aligns with previous bullish structures observed in April. This behavior was seen when MANTA rallied from sub-$0.70 levels to near $1.10 in under four weeks.
The rejection of further downside pressure beneath the highlighted demand zone adds strength to bullish sentiment. Chart patterns alone suggest upside potential, but confirmation from volume and broader market context remains crucial.
Resistance levels at $0.909 and $1.105 may face tests in the days ahead. A weekly close above these lines could signal MANTA’s return to mid-term strength. Price history supports this move, as these levels acted as key reaction points previously.
MANTA’s current price structure, shaped by clear trendlines and horizontal zones, provides well-defined entries and exits for technical traders. If bulls remain in charge, $1.105 becomes a realistic next test.
