In this Manta Network (MANTA) price forecast 2024, 2025-2030, we will analyze the price patterns of MANTA using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Manta Network (MANTA) Current Market Status
What is Manta Network (MANTA)
Manta Network stands as a comprehensive ecosystem for zero-knowledge (ZK) applications and offers two separate networks – Manta Pacific and Manta Atlantic. Manta Pacific, an L2 ecosystem on , provides an efficient gas fee environment for ZK applications, while Manta Atlantic, on , 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 secured investments from prominent web3 funds such as Binance Labs and Polychain Capital. Manta Pacific and Manta Atlantic jointly usher in the next era of web3 application development, with an emphasis on the practical application of zero-knowledge cryptography.
The MANTA utility on Manta Pacific and Manta Atlantic fuels chain activity, incentivizes builders and contributors, benefits token holders and fosters a thriving ecosystem through revenue generation and distribution. $MANTA acts as a medium of exchange, facilitates management rights and ensures network security, with allocations aimed at incentivizing active participants through airdrops.
Manta Network 24H Technical
Manta Network (MANTA) Price Prediction 2024
Manta Network (MANTA) is ranked 73rd on CoinMarketCap in terms of its market capitalization. The overview of the Manta Network price forecast for 2024 is explained below with a daily time frame.
MANTA/USDT ascending triangle pattern (Source: TradingView)
In the chart above, Manta Network (MANTA) has laid out a horizontal channel, also known as the sideways trend. Generally, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line connecting the highs, and the lower trendline, the line connecting the lows, run horizontally parallel and contain the price action.
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, the price of MANTA may reach the resistance level of $2.98847 and $3.30848. If the trend reverses, the price of MANTA may fall to the support of $2.84213 and $2.70177.
Manta Network (MANTA) Resistance and Support Levels
The chart below gives the possible resistance and support levels of Manta Network (MANTA) in 2024.
From the above chart we can analyze and identify the following as resistance and support levels of Manta Network (MANTA) for 2024.
MANTA Resistance and Support Levels
Manta Network (MANTA) Price Prediction 2024 — RVOL, MA and RSI
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.
From the readings on the graph above, we can make the following conclusions about the current Manta Network (MANTA) market in 2024.
Manta Network (MANTA) Price Prediction 2024 — ADX, RVI
In the chart below, 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 draw the following conclusions about the price momentum of Manta Network (MANTA).
Comparison of MANTA with BTC, ETH
Now let’s compare the price movements of Manta Network (MANTA) with those of (BTC), and Ethereum (ETH).
BTC vs ETH vs MANTA Price Comparison (Source: TradingView)
From the above graph, 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.
Manta Network (MANTA) Price Forecast 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let’s forecast the price of Manta Network (MANTA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Closure
If Manta Network (MANTA) establishes itself as a good investment in 2024, this year will be favorable for the cryptocurrency. Finally, the bullish Manta Network (MANTA) price forecast for 2024 is $0.65067. In comparison, if unfavorable sentiment is triggered, the bearish Manta Network (MANTA) price forecast for 2024 is $0.23062.
If the market momentum and investor sentiment rises positively, Manta Network (MANTA) could reach $1. Furthermore, with future upgrades and advancements in the Manta Network ecosystem, MANTA could surpass its current high (ATH) of $3.84 and mark its new ATH.
This content was originally published by our partners at The News Crypto.
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