Manta Price Analysis: Bitcoin Should Stay Above 60K

The support and resistance levels of #MANTA determine the important points of price movements. Resistance levels are determined as R3 at $0.86623, R2 at $0.83321, and R1 at $0.80561. The pivot point is at $0.7726.

Support levels are defined as S1 at $0.745, S2 at $0.71199, and S3 at $0.68439. These levels play a critical role in Manta's price movements.

According to our current $MANTA Network price forecast, the Manta Network price is expected to increase by 227.91% by October 20, 2024, reaching $2.61.

According to our technical indicators, the current sentiment is Neutral while the Fear and Greed Index is showing 54 (Neutral). Manta Network has recorded 15/30 (50%) green days in the last 30 days with a price volatility of 8.02%.

According to data as of September 20, 2024, the overall Manta Network price prediction sentiment is neutral. 17 technical analysis indicators are bullish, while 7 are bearish.

In the last four days, the Bitcoin price has increased by 11.3% from $57,630 to $64,000. This increase is due to speculations of a rate cut of #Fed . While the market value of Bitcoin has reached $1.24 trillion, its stay above $60,000 has increased the bullish sentiment.

The market value of $BTC has reached $1.24 trillion, increasing bullish sentiment. This could lead investors to shift to riskier assets, which could increase Manta’s demand.

However, increasing open interest and high leverage rates are increasing market volatility, creating a correction risk. This uncertainty could affect Manta’s price movements and require investors to be careful. Fluctuations in Bitcoin could also lead to price fluctuations in altcoins like Manta.