Manta Network Price Prediction: MANTA Holds Steady After Rollercoaster Ride as Experts Say Consider 10X Profits for the GameFi Star.

adminJanuary 23, 2024

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The Manta Network price has fallen nearly 5% over the past 24 hours, trading at $2.42 as of 2:30 a.m. ET.

According to Coinape’s MANTA trend, the token appears to be stable above the rising trend line, but trading volume is down 36%.

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— Cryptocurrency News (CoinGape) (@CoinGapeMedia) January 23, 2024

Manta Network Price Outlook

Over the course of one hour, the Manta Network price faces indirect pressure due to an extended supply zone from $2.52 to $2.67. According to technical indicators, the odds are in favor of the bears. This occurs when the Relative Strength Index (RSI) crosses below the signal line (yellow band).

While RSI is still trending lower, momentum is falling, especially as it is below 50. To make matters worse, the MACD (Moving Average Convergence Divergence) indicator is in negative territory, showing that the bears are dominant.

If selling pressure intensifies, the Manta Network price may lose the support provided by the upward trend line. Further south, the altcoin could fall into a demand zone ranging from $2.15 to $2.24. A close below the $2.20 midline of this order block would confirm the continuation of the downtrend.

In a worst-case scenario, a slump could push the Manta Network price down to the $2.00 psychological level. Such a move would result in a 17% decline from current levels.

manta manta

TradingView: MANTA/USDT 1-hour chart

converse case

Conversely, if the uptrend line holds at the support level, Manta Network price could extend its uptrend. This could see the altcoin’s market cap testing a supply zone between $2.52 and $2.67. To confirm the continuation of the uptrend, MANTA must break and close above the midline of this order block with a market value of $2.60.

If the bulls can get the Manta Network price to turn the supply zone into a bullish breaker, it could set the stage for an extension to the $2.81 resistance level. In a very optimistic case, the altcoin’s market value could break this blockade, potentially rising to the psychological level of $3.00, or in a very ambitious case, it could regain its all-time high of $3.33, around 35% above current levels.

But even as Manta Network prices stabilize after a roller coaster ride, MK is gaining attention as investors chase the most promising meme coins. Experts say the project has the potential to reap ten-fold profits once launched.

A promising alternative to Manta Network

MK is the native cryptocurrency of the Meme Kombat ecosystem, an innovative gaming platform designed for enthusiasts.

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— Meme Kombat (@Meme_Kombat) January 22, 2024

The project debuted on September 25th.^Day It has steadily grown into a major player in the meme coin space. It continues to attract interest from the cryptocurrency community and prominent analysts.

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— Meme Kombat (@Meme_Kombat) January 20, 2024

Meme Kombat uses a stake-profit mechanism. In particular, the core of MK is not just buying and trading. Token holders can stake their tokens on Meme Kombat and bet on battles to win big!

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Who won:
Coinbase or SEC? pic.twitter.com/KGduBQIjiH
— Meme Kombat (@Meme_Kombat) January 21, 2024

Established as the hottest new gaming platform in the Web3 space, MK’s presale is one of the most successful token sales of the year. Sales reached more than $7.339 million and are expected to soon reach the $8 million goal. Interested investors can purchase MK for $0.279 in the pre-sale.

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— Meme Kombat (@Meme_Kombat) January 20, 2024

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