In this Manta Network (MANTA) price prediction 2024, 2025-2030, we will analyze the price patterns of MANTA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Manta Network (MANTA) Current Market Status/h2
MANTA Current Market Status (Source: CoinMarketCap)h2 What is Manta Network (MANTA)/h2
Manta Network stands as a comprehensive ecosystem for zero-knowledge (ZK) applications, offering two distinct networks – Manta Pacific and Manta Atlantic. Manta Pacific, an L2 ecosystem on Ethereum, provides an efficient gas-fee environment for ZK applications, while Manta Atlantic, on Polkadot, serves as the fastest ZK L1 chain, introducing programmable identities and credentials. Developed by a seasoned team with backgrounds from prestigious institutions, Manta Network has garnered investments from prominent web3 funds like Binance Labs and Polychain Capital. Manta Pacific and Manta Atlantic collectively usher in the next era of web3 application development, emphasizing the practical application of zero-knowledge cryptography.
The MANTA utility on Manta Pacific and Manta Atlantic fuels on-chain activities, incentivizes builders and contributors, benefits token holders, and fosters a thriving ecosystem through revenue generation and distribution. $MANTA serves as a medium of exchange, facilitates governance rights, and ensures network security, with allocations dedicated to incentivizing active participants through airdrops.
h3 Manta Network 24H Technicals/h3
(Source: TradingView)
h2 Manta Network (MANTA) Price Prediction 2024/h2
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Manta Network (MANTA) ranks 73rd on CoinMarketCap in terms of its market capitalization. The overview of the Manta Network price prediction for 2024 is explained below with a daily time frame.
In the above chart, Manta Network (MANTA) laid out a horizontal channel also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel and the price action is contained within it.
If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
At the time of analysis, the price of Manta Network (MANTA) was recorded at $2.96. If the pattern trend continues, then the price of MANTA might reach the resistance level of $2.98847, and $3.30848. If the trend reverses, then the price of MANTA may fall to the support of $2.84213, and $2.70177.
h2 Manta Network (MANTA) Resistance and Support Levels/h2
The chart given below elucidates the possible resistance and support levels of Manta Network (MANTA) in 2024.
MANTA/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Manta Network (MANTA) for 2024.
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Manta Network (MANTA) are shown in the chart below.
MANTA/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Manta Network (MANTA) market in 2024.
In the below chart, we analyze the strength and volatility of Manta Network (MANTA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Manta Network (MANTA).
h2 Comparison of MANTA with BTC, ETH/h2
Let us now compare the price movements of Manta Network (MANTA) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs MANTA Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of MANTA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MANTA also increases or decreases respectively.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Manta Network (MANTA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
h2 Conclusion/h2
If Manta Network (MANTA) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Manta Network (MANTA) price prediction for 2024 is $0.65067. Comparatively, if unfavorable sentiment is triggered, the bearish Manta Network (MANTA) price prediction for 2024 is $0.23062.
If the market momentum and investors’ sentiment positively elevate, then Manta Network (MANTA) might hit $1. Furthermore, with future upgrades and advancements in the Manta Network ecosystem, MANTA might surpass its current all-time high (ATH) of $3.84 and mark its new ATH.
This content was originally published by our partners at The News Crypto .
Written By:
The News Crypto
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