In this article, which includes price prediction and technical analysis of Manta Network, we will specifically discuss the possible effects of Fed interest rate decisions and Bitcoin movements on the #MANTA Network.

Manta Network Price Prediction

Our current Manta Network price predictions predict that the $MANTA Network’s price will increase by 228.45% to $2.22 by October 13, 2024. However, according to technical indicators, the current market sentiment is bearish (Bearish) and the Fear & Greed Index is currently showing 32 (Fear). Over the last 30 days, Manta Network has experienced 15/30 (50 percent) green days and recorded a price volatility of 7.81%.

Technical Indicators and SMA (Simple Moving Average) Analysis

According to technical indicators, Manta Network’s 200-day Simple Moving Average (SMA) is expected to decline over the next month, falling to $1.423105 as of October 13, 2024. The short-term 50-day SMA is expected to reach $1.087302. These indicators suggest that Manta Network is in a bearish trend in the short term.

RSI (Relative Strength Index) and Pivot Points

The Relative Strength Index (RSI) is a popular momentum oscillator that indicates whether a cryptocurrency is overbought (above 70) or oversold (below 30). Currently, Manta Network’s RSI is 48.45, which suggests that the MANTA market is in a neutral position.

According to today's classic pivot point (P1) value of $ 0.669786, Manta Network's support levels are determined as $ 0.659204, $ 0.643082 and the strongest support level of $ 0.6325, respectively. Similarly, Manta Network's resistance levels are listed as $ 0.685908, $ 0.69649 and $ 0.712612.

September 18 Fed Rate Decisions: How Could Lower Interest Rates Affect Manta Network?

#Fed Lowering interest rates generally aims to stimulate economic growth and increase investment spending. Lower interest rates reduce the rate of return on savings accounts, which can drive investors to higher-yielding assets. Cryptocurrencies are among such investment opportunities. Lower interest rates can increase investors' interest in riskier assets, which can lead to an increase in the value of cryptocurrencies.

Possible Impacts on Manta Network

1. Increasing Investor Interest:
Low interest rates reduce the attractiveness of savings and other low-yield investments. This may lead investors to alternative investment vehicles. Cryptocurrency markets, especially projects like Manta Network, may become attractive to investors. This increased interest may contribute to the price of Manta Network rising.

2. Increase in Liquidity:
Lower interest rates generally increase liquidity in the economic system. Increased liquidity encourages more investment and therefore more market volatility. This can increase the trading volume and therefore the value of altcoins like Manta Network.

3. Increase in Risky Investments:
Low interest rates can push investors toward riskier assets. Cryptocurrencies stand out as assets that offer high risk and potential high returns. The increased risk appetite of investors can cause upward movements in the value of Manta Network and other cryptocurrencies.

The Role of Bitcoin

Bitcoin, as the largest and most liquid asset in the cryptocurrency market, has a significant impact on other cryptocurrencies. A decrease in interest rates can cause the value of #btc to increase. Increases in the price of Bitcoin usually positively affect the value of other altcoins. Altcoins like Manta Network can benefit from Bitcoin’s positive movements and gain value.

Conclusion

If the Fed interest rate is expected to drop on September 18, this could have a positive impact on Manta Network and the cryptocurrency markets in general. Lower interest rates could increase investors’ interest in risky assets, increase liquidity, and cause cryptocurrencies to increase in value. However, like any investment decision, cryptocurrency investments also carry risks, and it is important for investors to act carefully and consciously.

When evaluating Manta Network’s price movements, it is useful to consider general market conditions and technical indicators, as well as changes in interest rates. This way, investors can make more informed decisions and better evaluate potential opportunities.