MANTA/USDT is currently moving in a descending channel, suggesting a corrective phase, with the channel approaching a key support level where a potential double bottom could form.
However, there is immediate internal resistance ahead, which could be challenging for the price to break.
A rejection from this resistance is likely to push the price further down towards the main accumulation zone.
Conversely, a breakout above this resistance would signal strong bullish potential, with the price likely to follow the projected path toward the sell-off area.
We welcome your insights on this setup.