$MANTA Coin, the native token of a modular blockchain network, may be on an uptrend after making a new low. The popular altcoin has been fluctuating between $0.70 and $0.73 in the last 24 hours. Despite all these fluctuations, the main resistance target could be $1. Here is Manta Coin analysis and price prediction.

Manta Coin Analysis: Major Resistance Target $1

Although Bitcoin broke its own ATH record in the past months, the bulls have still not touched the altcoins. #Bitcoin After reaching the saturation point, money is expected to flow into altcoins. However, this scenario has not happened yet.

According to Coin Market Cap data, #MANTA Coin ATH level is reported as $ 4.08. While altcoins have been in a bear market for a long time, it may be time for a comeback.

Technical data suggests that the first significant resistance is at the $1 level.

Manta Coin Technical Analysis – Price Prediction

  • According to our Manta Network price prediction, the Manta Network price is expected to increase by 227.00% by September 9, 2024, reaching $2.34.

  • According to our technical indicators, the Fear & Greed Index is showing 40 (Fear) while the current sentiment is Bearish.

  • Manta Network recorded 10/30 (33%) green days with 13.61% price volatility in the last 30 days

  • According to our technical indicators, Manta Network’s 200-day SMA will decline in the coming month and reach $1.798429 by September 09, 2024.

  • Manta Network’s short-term 50-day SMA is forecasted to reach $1.198461 by Sep 09, 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 39.12, which suggests that the MANTA market is in a neutral position.

  • As of the date of writing, based on the classic pivot point (P1) of $0.722612, the support levels of Manta Network are $0.707184, $0.691779 and the strongest one is $0.67635.

  • Similarly, the Manta Network resistance levels are $0.738017, $0.753446 and $0.768851.

As a result, a reversal signal may have been received for Manta Network. If the altcoin bull comes, we will all witness that these prices are very cheap.


Don't Forget to Follow Us!!