STRK and MANTA Gains Momentum Following Key Breakouts: Is More Rally Ahead?

Date: Sat, Nov 30, 2024, 05:34 PM GMT

The cryptocurrency market is maintaining its bullish trajectory as altcoins take center stage, driven in part by the declining Bitcoin dominance. Among the notable movers, Starknet (STRK) and Manta Network (MANTA) are making waves with impressive breakouts. STRK has surged by near 14%, while MANTA has started its rally with a 3% gain, signaling potential for further upside.

Source: Coinmarketcap

Starknet (STRK)

STRK achieved a pivotal breakout by surpassing the $0.63 level, pushing its price to $0.70. This bullish move positions STRK for either a retest of the breakout zone or a direct continuation toward its next significant resistance at $1.40. This target marks an impressive 118% potential upside from the breakout level.

The RSI is in bullish territory, reflecting strong buying momentum, while the price remains above key moving averages, providing additional support for further gains.

Manta Network (MANTA)

MANTA mirrors STRK’s trajectory, having broken out from the $1.16 level. MANTA is currently trading at $1.19, with the next resistance level at $1.85, which represents a 59% potential upside from its breakout point.

The breakout comes on the back of consistent bullish patterns, with the RSI climbing above 75, suggesting growing market enthusiasm. The EMA structure further strengthens the bullish case, hinting at sustained upward momentum.

Is More Rally Ahead?

Both STRK and MANTA are riding the wave of growing investor confidence, supported by broader market dynamics such as declining Bitcoin dominance. Their successful breakouts suggest the possibility of continued upward momentum, particularly if market conditions remain favorable. Traders and investors should watch closely for confirmations of these trends, as well as potential retests of breakout levels.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risks; always do your own research before investing.

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