- The MANTA price is up 7.7% daily, despite a weekly dip of 5.15%.
- A breakout from a long-term trendline signals a bullish reversal.
- A $0.47 target indicates 110% upside, with support at $0.22.
Manta Network (MANTA) is showing a bullish turnaround despite the total cryptocurrency market moving sideways. MANTA has gone up by almost 7.7% in the past 24 hours and is now trading at $0.2448 at the time of writing.
Notably, this is after the week’s decline of 5.15%, implying a potential early rebound. The trading volume for the last 24 hours increased by 55.35% to $13.73 million, and its overall market capitalization now stands at $103.54 million.
MANTA Technical Breakout Points Toward Trend Reversal
According to crypto analyst ZAYK Charts, MANTA managed to break through a descending trendline that was capping its price around the latter part of 2023.
It happened around mid-July of 2025 when it converted long-time resistance into support, a phenomenon that is often followed by the reversal of bearish to bullish pressure.
The price subsequently recovered from this new support level and is forming a new pattern of higher highs and higher lows. At the moment, MANTA is changing hands at $0.233 and is marking the 3.10% intraday rally.
As we can note from the chart review, the second potential target is approximately $0.47 and will mark the price jump of 110% from the first breakout on the level of $0.22.
Short-term resistance could emerge around $0.27, while immediate support is solid around $0.22. Such an organization is bullish for additional upswing momentum as long as price action is solid and buying volume is significant.
Also Read: Binance’s Cosmic Connection: Manta Network Co-Founder’s Journey of Inspiration
Open Interest Drops Despite Price Growth
Market engagement appears to be rising with the level up modestly to $374.84 million, an increase of 0.17%, as additional players join the fray.
Though the rise occurred on the price rake, open interest is off by 3.66% at $283.50 million now. It means optimists exist, but there are potential close-out plays too, taking profit or second-guessing short-term optimism.
One of the subtle but significant moves is the open interest-weighted funding rate, which shifted modestly positive at 0.0042%.
It is indicating growing optimism regarding the direction of the price to the upside, with more participants leaning on the long side.
Manta Network is noting a potential recovery trend evidenced by the technical breakout, increasing volume, and subtle rise in bullish positions.
However, the contradictory signals by the descending open interest are suggesting some indecision within the marketplace.
As the buying momentum persists and the price continues to form higher highs, MANTA is set for a tremendous upsurge within the next few weeks.
Also Read: Weekly Highlights: Bitcoin & Ethereum Surges, Altcoins Follow
