Manta Coin Analysis: September 29

In recent weeks, the price of #Bitcoin❗ ( #BTC☀ ) has increased by 5%, while a general optimism is felt in the altcoin market. In particular, China's 50 basis point cut in reserve requirements and 20 basis point reduction in short-term interest rates have increased speculation that the price of $BTC could rise to $100,000.

In addition, the release of former Binance CEO CZ from prison has created a positive atmosphere in the sector.

Price estimates for Manta Network are quite promising. The price of the $MANTA Network is expected to increase by 225.30% by October 29, 2024, reaching $2.88.

Current technical indicators show that the market reflects a neutral mood, while the Fear & Greed Index is at 63 (greed). In the last 30 days, Manta Network has recorded 18 green days and 12.96% price volatility.

Technical analysis predicts that the 200-day simple moving average of #MantaRWA Network will fall next month and fall to $1.42 on October 29, 2024.

The short-term 50-day moving average is expected to reach $1.36. In addition, the RSI value is in a neutral position with 64.66. Manta Network stands out as an altcoin that attracts attention with its potential growth.

Key support and resistance levels for Manta Network:

Resistance Levels: R1: $0.90513R2: $0.93458R3: $0.9539

Support Levels: S1: $0.85636S2: $0.83704S3: $0.80759

Pivot: $0.88581

These levels can help traders determine their strategies.