Manta Technical Analysis: Negative Air on Bitcoin Must Be Lifted!
#MANTA Network is currently one of the most successful L2 projects on the market. Based on the principle of never being stopped, $MANTA is almost the only project in the ecosystem that has achieved this.
Before analyzing the price of Manta, it would be a better move to look at Bitcoin. #Bitcoin is seriously affected by the negative air in the world, and says it continues to fall. $BTC
This decline is normally felt more in altcoins. For this reason, we can say that the altcoin price has not yet come and the saturation point has not yet occurred for Bitcoin.
If we look at it in terms of technical analysis;
Manta Network price is forecasted to rise by 228.59% to $2.31 by September 27, 2024. According to our technical indicators, the current sentiment is Bearish while the Fear and Greed Index is showing 30 (Fear). Manta Network has recorded 13/30 (43%) green days in the last 30 days with a price volatility of 11.51%. #BecomeCreator
According to our technical indicators, Manta Networkâs 200-day SMA will decline in the coming month and reach $1.591165 by September 27, 2024. Manta Networkâs short-term 50-day SMA is forecasted to reach $1.140884 by September 27, 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 41.62, which suggests that the MANTA market is in a neutral position.
