MANYU / USDT – Daily (Heikin Ashi) | Structure AnalysisPrice is currently sitting on a major demand zone after a healthy correction from the recent pump.
We’re seeing absorption candles with long lower wicks, showing buyers quietly stepping in around the 0.36e-7 region.
A descending trendline from the local high has kept price compressed, but structure remains intact as long as this support zone holds.
EMAs are flattening beneath price — a sign of potential base formation before reversal.
The RSI is curling upward from mid-levels, suggesting momentum is preparing to shift.
A confirmed breakout above the descending trendline with volume expansion would likely trigger the next impulsive leg up.
Key levels to watch:
• 🔸 Support Zone: 0.34e-7 – 0.36e-7 (must hold)
• 🔸 Breakout Confirmation: daily close > 0.50e-7
• 🔸 Next Targets: 0.8e-7 and beyond if momentum continues
If bulls defend the zone and flip the trendline, the bottom could be in, setting up for a strong push into November.
Lose this base with heavy volume — and we revisit lower supports fast.
Bias: Neutral–Bullish
Invalidation: Daily close below 0.33e-7
