Price Position and Structural State
Manta Network (MANTA) closed at 0.07949 USDT on May 29, 2026, down 3.99%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.0599 USDT, with resistance near 0.09098 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
MANTA is trading above all key moving averages. MA20 at 0.078301 USDT stands as the first moving-average support area to watch. Price sits 11.65% above MA50, within its historical distance range of -50.40% to 52.77%. The moving-average structure is aligned without showing extreme extension.
Trading Friction and Price Efficiency
MANTA shows moderate trading friction, with a 3-day friction score of 51.6. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest increased sharply +25.49% in one day and moved above its 180-day range. This shows fresh leverage expansion, with new futures exposure now above the highest level from that range.
Funding is positive on the 24-hour average at +0.005000%, with the 7-day average also positive at +0.005000%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 1.26 and has moved below its 60-day range. This means long accounts still dominate, but the long tilt is weaker than usual compared with recent history.
Correlation, Beta, and Index Relationship
MANTA shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.316 | 0.834 | 0.1 | Moderate linkage |
| 60D | 0.438 | 0.829 | 0.192 | Moderate linkage |
| 180D | 0.596 | 0.922 | 0.356 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
MANTA is moving more day to day, but participation remains weak. ATR% reads 7.72, near the lower side of its full historical range, while Bollinger Band width% reads 18.04, close to the bottom of its full historical range. 20-day Volume Z-score is -0.13.
Momentum is improving, but not fully confirmed. RSI is 55.54 and ROC14 is +0.45%, showing upside pressure, while MACD histogram remains negative. Price momentum is improving, but short-term impulse has not fully turned.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. MANTA has a moderate link to that market condition, so broader market moves can influence price behavior, but the effect is not consistent.
Key Levels for the Next State Change
For MANTA, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.09098 USDT establishes a bullish regime, while a daily close below 55-day support at 0.0599 USDT confirms a bearish regime.