Manta Coin Analysis September 16: BTC Fall Continues to Affect Golds!

💥 2 Main Reasons Behind the Fall in Price of #Bitcoin 💥

👉Political Chaos: The assassination attempt against Donald #Trump creates uncertainty in the markets. Such events can shake investor confidence and cause fluctuations in the value of assets such as Bitcoin.

US #Fed Meeting: There is a possibility that the Fed will cut interest rates by 50 basis points at the meeting on September 18. If a larger than expected decrease occurs, Bitcoin prices will also be affected. Currently, Bitcoin has fallen below $ 60,000 and dropped to $ 58,112.

🔮 Fed’s statements and political developments will determine Bitcoin’s direction in the coming days!

According to our current $MANTA Network price prediction, Manta Network price is expected to increase by 228.88% by October 16, 2024, reaching $2.18.

According to our technical indicators, Manta Network’s 200-day SMA will decrease in the coming month and reach $1.397165 by October 16, 2024.

Manta Network’s short-term 50-day SMA is expected to reach $1.065205 by October 16, 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 47.44, which suggests that the MANTA market is in a neutral position.

In the event of an uptrend, the first resistance will be at $0.69053.

If this level is broken, the price can be expected to continue to the R2 level at $0.72809 and then to the R3 level at $0.74953.

In the downtrend, if the price breaks below the Pivot level, the first support point will be at the S1 level, i.e. $0.63153. If this level is broken, the S2 level at $0.A decline to $0.57253 at 61009 and S3 level can be observed.