-
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
Bitmine Chairman Tom Lee: The market may have already bottomed out; I recommend focusing on the leading assets since the outbreak of hostilities
Bitmine chairman Tom Lee said on the X platform that although there are still doubts in the market, there are signs that the bottom has already formed. He is bullish on Ethereum and related assets and believes crypto is a wartime value-preservation tool. Risk assets may rebound, but it’s important to watch whether the macroeconomic environment and geopolitical situation remain stable.
GateNews53m ago
Is the market in excessive panic? MicroStrategy founder: Bitcoin has already hit bottom, and the quantum threat is an overblown concern
Michael Saylor asserted that Bitcoin had already finished bottoming out at $60k, and he believes concerns about threats from quantum computers are overblown. He predicts that Bitcoin will become the core of a digital credit system in the future, and he mentioned that selling pressure in the market is limited, which could help drive a new bull market. Mizuho also gave a positive assessment of the company’s future performance.
CryptoCity1h ago
DWF Labs co-founder: The current market is boring but it hasn’t gone away—there are still plenty of opportunities for builders and investors
DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.
GateNews1h ago
BTC analyst Killa: By comparing historical cycles, BTC could see another round of downside before it establishes a true bottom
Gate News message, on April 11, BTC analyst Killa posted that when comparing all prior Bitcoin cycles, each cycle includes a final selloff that ends with a capitulation-style bottom. In this cycle, the time when the peak occurred was earlier than in previous cycles. Killa noted that if history repeats itself, BTC may still see another wave of declines before a true bottom is established.
GateNews2h ago
BTC 15-minute drop of 0.45%: spot selling pressure led the move, and leveraged funds stayed on the sidelines, without worsening volatility
2026-04-11 13:00 to 13:15 (UTC), BTC recorded a short-term return of -0.45%, with a price range of 72526.3 to 72935.7 USDT, and the 15-minute swing amplitude was 0.56%. Overall market attention remains at a high level. Volatility is not extremely elevated, but downward pressure is clear, and disagreement between long and short positions in the short term has intensified.
The main driving force behind this abnormal move is active sell pressure in the spot market. During this period, the combined total trading volume of the spot market and perpetual futures increased month-over-month by about 12%. Order book data shows a slight rise in resting sell orders, faster cancellations of buy orders, and short-term liquidity tightening, triggering
GateNews2h ago
Under the Iran-U.S. conflict, the Bitcoin market is currently splitting: institutions continue to buy, while whales and mining firms are accelerating their sell-offs
Amid the impact of the U.S.-Iran geopolitical conflict, the Bitcoin market has diverged: institutional investors continue to accumulate Bitcoin, while whales, mining firms, and some countries are reducing their holdings. Data shows that large holders have shifted to net selling, mining firms’ sell-offs have been significant, and sovereign holders have also clearly cut exposure. Despite muted market sentiment, the price of Bitcoin has held in the $65k to $73k range, and its future direction will depend on continued inflows of institutional capital.
GateNews3h ago
