MANTA Breaks $0.772 Resistance, Eyes 20% Gain

MANTA, a digital asset, has recently broken above a significant trendline resistance at $0.772, indicating a potential bullish reversal on its daily chart. This breakout follows a period of compression near a key demand zone, which held strong in late June. The price action reflects increasing demand and suggests exhaustion of bearish momentum below $0.76.

The breakout was confirmed by a strong daily candle on July 2, 2025, closing at $0.772. This positions the token for a short-term uptrend, with traders now eyeing higher targets at $0.909 and $1.105. These levels served as past supply zones and mark major rejection points from earlier in May and June.

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, potentially increasing buying interest and attracting short-term swing traders. However, failure to hold $0.772 as a support would invalidate this setup, and the price could revisit the demand zone once more.

The current chart favors the bulls, especially with the descending resistance now invalidated by price action. The 1D chart shows consistent higher lows in June leading into July, reinforcing the case for a bullish reversal. Technical structure suggests that the price compression, now resolved upward, may lead to trend continuation. This behavior aligns with previous bullish structures observed in April, 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. 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. However, it is important to note that 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 the probability of reaching $0.909.