Manyu's $0.000000035 Support Test: Rebound or Deeper Decline?

Generated by AI AgentCoin World
Thursday, Oct 9, 2025 2:56 pm ET2min read
MEME--
Speaker 1
Speaker 2
AI Podcast:Your News, Now Playing
Aime RobotAime Summary

- Manyu (MANYU) fell 6% as RSI 53.53 signals bearish sentiment, with $0.000000035 support critical for market stability.

- CoinCodex forecasts a 24.76% drop to $0.000000072730 by November 2025, citing 70/100 greed index and 48.81% volatility.

- CoinCheckup confirms consolidation phase via 50.56 RSI and $0.000000072437 SMA resistance, with $0.000000015 as potential floor if support breaks.

- Long-term fundamentals remain intact with ecosystem expansion, but short-term traders prioritize caution amid speculative price action.

The price of Manyu (MANYU) has declined 6% in recent trading sessions, marking a significant reversal after a brief period of consolidation following a 100% surge in a week. Technical indicators, including the 14-day Relative Strength Index (RSI) at 53.53, suggest a neutral to bearish market sentiment, with analysts flagging potential downward pressure. The token's price correction to $0.000000042 has raised concerns about weakening bullish momentum, particularly as the $0.000000035 support level becomes critical for stabilizing the marketCryptonews YouTube Channel[1].

According to CoinCodex's price prediction, Manyu is projected to drop by 24.76% over the next month, targeting $0.000000072730 by November 8, 2025. This forecast is supported by a Fear & Greed Index reading of 70 (greed) and a 48.81% volatility metric over 30 days. The RSI, while not yet in overbought territory, has shifted from a previous bullish bias to a neutral stance, signaling caution among tradersCoinCodex[2]. CoinCheckup's analysis corroborates this, noting a 14-day RSI of 50.56 and a 50-day Simple Moving Average (SMA) of $0.000000072437, which has historically acted as a key resistance levelCoinCheckup[3].

The token's short-term trajectory hinges on the $0.000000035 support zone, which previously served as resistance in July and August 2025. A successful defense of this level could trigger a rebound toward the $0.000000075 resistance, while a breakdown would likely accelerate the decline to the historical floor of $0.000000015. CoinCodex's data highlights a 14.11% potential return for buyers if the price stabilizes near $0.000000035, but a breakdown would signal a deeper correctionCoinCodex[2].

Long-term fundamentals remain intact, with the project expanding beyond a memeMEME-- token into a blockchain ecosystem. Key initiatives include a decentralized swap, content rights acquisition, and partnerships with major altcoins. However, the recent price volatility underscores the challenges of sustaining momentum in a crowded dog-coin niche. While Manyu's community of over 30,000 holders and tier-1 exchange listing on HTX provide visibility, the RSI's neutral reading indicates that short-term traders are prioritizing cautionCryptonews YouTube Channel[1].

Analysts caution that the RSI's failure to breach the 70 overbought threshold, coupled with a 50-day SMA acting as a barrier, suggests that the market is testing its resilience. CoinCheckup's technical indicators, including a 50.56 RSI and a 66.67 Commodity Channel Index (CCI), reinforce the notion that the token is in a consolidation phaseCoinCheckup[3]. If the $0.000000035 support holds, Manyu could retest its previous highs by mid-2026, but a breakdown would likely extend the downtrend into 2026.

The broader market context reveals that Manyu's performance is influenced by October's historical strength for meme coins. However, the token's reliance on technical indicators like RSI and SMA highlights the speculative nature of its price action. While the project's roadmap includes staking rewards and NFT collections, the immediate focus remains on stabilizing sentiment amid a bearish RSI outlook.

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet