Manta Coin September 15 Analysis: We Are Approaching the FED Interest Rate Decision!
According to our current #MANTA Network price prediction, the Manta Network price is expected to increase by 226.00% by October 15, 2024, reaching $2.28.
According to our technical indicators, the current sentiment is Neutral, while the Fear and Greed Index is showing 51 (Neutral). The $MANTA Network has recorded 16/30 (53%) green days with a price volatility of 7.80% in the last 30 days.
According to the data dated September 15, 2024, the overall Manta Network price prediction sentiment is neutral, with 15 technical analysis indicators giving bullish signals, while 10 technical analysis indicators giving bearish signals.
According to our technical indicators, Manta Networkâs 200-day SMA is expected to decline in the coming month and reach $1.414555 by October 15, 2024. Manta Networkâs short-term 50-day SMA is forecasted to reach $1.102612 by October 15, 2024.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 51.54, which suggests that the MANTA market is in a neutral position.
At $0.705166, Manta Networkâs support levels are $0.687371, $0.674165, and the strongest at $0.65637. Similarly, Manta Network resistance levels are $0.718372, $0.736167, and $0.749372.
If #Fed lowers interest rates, this could make cryptocurrencies more attractive, as low interest rates generally increase interest in alternative investment vehicles. Additionally, investors may turn to riskier assets as returns on traditional investment vehicles decrease in a low interest rate environment.
Altcoins like Manta Network are also affected by general economic conditions, but they may not have as direct a relationship as $BTC BTC.
