Technical analysis by unichartz about Symbol MANTA on 4/26/2025

MANTA/USDT – Bullish Structure FormingMANTA is showing early signs of a trend reversal, with multiple confluences indicating strength from the bulls. After a prolonged downtrend, the asset has not only broken key resistance levels but also flipped the 50 EMA, a major dynamic resistance, into support.✅ Key Technical Highlights:Double Bottom Formation:The chart has clearly printed a double bottom, one of the most reliable reversal patterns.This formation suggests that bears are losing control and buyers are starting to step in with conviction.Breakout Above the 50 EMA:Price has decisively broken above the 50 EMA (~0.2127), which had previously acted as dynamic resistance during the downtrend.Notably, the price retested the 50 EMA and successfully bounced, confirming it now as support.Resistance Flip to Support:The previous horizontal resistance zone has been breached and retested, reinforcing its role as a demand zone.Market Structure Shift:Lower highs and lower lows have now transitioned into higher lows and higher highs, signaling a structural shift from bearish to bullish.Momentum and Candle Structure:The bullish candles post-retest show strong momentum with minimal upper wicks — a sign of buyer strength.