Cryptocurrency ecosystem investors closely monitor various data, including token unlock events. According to the Token Unlocks platform, which allows tracking of token unlock data, there will be a token unlock process worth $305.16 million in the next seven days. Tomorrow, the local token of the blockchain network Manta Network, MANTA token, stands out as an event that investors should keep an eye on.
Manta Token Unlock Event
According to data provided by the Token Unlocks platform, which shares token unlock events with its users, token unlocks worth $305.16 million will occur next week, with some attracting significant attention. Among these unlocks is the MANTA token from the Manta Network blockchain.
The event, taking place tomorrow (March 18) at 12:30, involves a quantity of tokens equivalent to 2.66% of the total MANTA token supply, valued at $20.87 million. With just hours left for the event, investors are eagerly following the process, and at the time of writing, the MANTA token was trading at $3.11.
MANTA Chart Analysis
In the four-hour MANTA chart, the first noticeable pattern is a contracting wedge formation. There have been no resistance breakouts in this pattern, while support breakouts have remained merely bear traps. The MANTA price staying below the EMA 200 (red line) in recent bar formations is leading to a negative scenario for MANTA.
The most important support levels to watch on the four-hour chart for MANTA are, in order; $3.005, $2.857, and $2.614. A four-hour bar close below the crucial support level of $3.005, especially in recent bar formations, will cause MANTA’s price to lose momentum.
The most important resistance levels to follow on the four-hour chart for MANTA are, in order; $3.165, $3.316, and $3.525. A four-hour bar close above the significant resistance level of $3.165, especially in recent bar formations, will help MANTA’s price gain momentum.
