MANTA has reached a new all-time high as its price continues to rise. Since being listed on Binance on January 18, MANTA has been following an ascending support line and remained below the $2.65 resistance area. However, after bouncing off the trend line on January 23, MANTA experienced accelerated growth and made a bullish breakout of the resistance. Today, MANTA reached a new all-time high of $3.33. Some experts, like cryptocurrency trader SatoshiFlipper, are optimistic and believe that MANTA could reach $10. Nevertheless, MANTA still needs to surpass the 1.61 Fibonacci level at $3.18, which could potentially lead to a 20% increase to the next resistance level at $3.80. However, if MANTA fails to break through the $3.18 area, there could be a 16% drop back to the $2.65 support. The information source is TradingView.
On the other hand, PENDLE has been experiencing a parabolic rise since August 2023. Its price has been following an ascending support line and has tested its strength multiple times. The most recent test occurred on January 8, and today, PENDLE reached a new all-time high of $2.47. Analyst Matthew Potts pointed out that PENDLE’s daily trading volume was double its all-time high. According to the Elliot wave scenario, PENDLE is likely in the fifth and final wave of its upward movement, with a potential target at $3.45, 40% above the current price. This target is calculated based on the length of wave 5 being similar to waves 1 and 3 and the 2.61 Fibonacci level of the previous fall. However, if PENDLE bounces off the $2.62 resistance, there could be a 30% decline towards the $1.80 parabolic support line. The information source is TradingView.
Please note that all the information provided is published in good faith and for informational purposes only. Readers should exercise their own judgment and responsibility when making decisions based on this information.