Can Manlet Token Turn Its Course & Rise Upward To Higher Levels?

• 1 The 24-hour volume of $951.32 in terms of buys and sell volume is $17.45 and $933.88, respectively.
• 2 The price performance of 1 month, the Manlet token’s monthly low was at $0.00004505, the high was at $0.0003838 and the total supply was 1 billion.

Manlet token is a token based on Solana blockchain, it is operating on its major project known as Raydium. 

Raydium, lifinity, and Orca are all major projects that are effectively developed on the blockchain of Solana, each are offering different and distinct unique services within the decentralized finance (DeFi) ecosystem:

Raydium is an automated market maker (AMM) and a liquidity provider that interacts with Solana’s order book-based exchange, Serum. Its features include light-speed swaps, next-level liquidity, and frictionless yield farming on itself. Moreover, Lifinity is known as the first proactive market maker on Solana. Its objective is to improve capital efficiency and reduce loss for liquidity providers.

Similarly, Orca is also one of the most user-friendly cryptocurrency exchanges on Solana. It offers token exchanges with minimal transaction fees and lower latency compared to Ethereum-based DEXs. Users can also provide liquidity to earn a share of trading fees.

These official platforms assist majorly and contribute to the growing Solana ecosystem by providing efficient tools and services that foster trading, liquidity provision, and other financial operations in a decentralized manner.

Manlet Token Statistics In Detail

The Manlet token has total liquidity of $89,285.85, the total volume of this pair traded in this pool in the last 24 hours session is $951.32, and the fully diluted value of Manlet is $145,092.20.

In the last 24 hours, overall, 12 transactions happened which consisted of 11 sell orders and only 1 Buys order. The 24-hour volume of $951.32 in terms of buys and sell volume is $17.45 and $933.88, respectively.

As per the MANLET to SOL converter, a single token has a value of $0.0000008435 SOL, and as per the current trading price on trading view is $0.0001439

As per the price performance of 1 month, the Manlet token’s monthly low was at $0.00004505, the high was at $0.0003838 and the total supply was 1 billion.

Manlet Token Price Analysis Over Daily Chart

The price action shows momentum in price from the support at $0.0000400 to resistance at $0.000400, in Manlet price. But the high was strong and the price declined.

Currently, the Manlet price has declined below the 20-Day EMA band and is approaching the 50-Day EMA band. This scenario on the daily chart highlights more bearishness on the Manlet crypto.

Therefore, if the price manages to surpass the nearest support at the $0.0001050 level, the price could approach back its major support at $0.0000400. On the flip side lies a different possibility, like, if the price manages to turn around from the nearest support or 50-Day EMA band, then it could show a catastrophic bounce back as well. If this scenario persists, the resistances would be $0.0002700, and $0.0004000 respectively.

Summary

The Manlet cryptocurrency has experienced a decline from the resistance level of $0.000400 to below the 20-Day EMA, indicating bearish momentum. It’s now nearing the 50-Day EMA, highlighting more room for price deterioration. If it breaks through the support at $0.0001050, it could revisit the major support at $0.0000400. 

Conversely, if it rebounds from this support or the 50-Day EMA, there could be a significant recovery, with potential resistance levels at $0.0002700 and $0.0004000. The overall trend appears bearish unless a reversal occurs at the support levels.

Technical Levels

Support Levels: $0.0001050

Resistance Levels: $0.0002700

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.