Key Takeaways Launched in September 2023, the Manta Network gained significant attention within the cryptocurrency community after its token generation event, leading to trending status on major coin aggregators and news outlets. Beyond the initial buzz, Manta Network presents innovative technology through a modular zero-knowledge (ZK) rollup for Ethereum, featuring Solidity smart contracts, and a […]

Key Takeaways

  • MANTA price faces consolidation around $1.5.
  • Our Manta price forecast expects Manta price to surge to a maximum level of $2.47 in 2024.
  • In 2030, Manta price prediction expects Manta price to record a maximum level of $22.28.

Launched in September 2023, the Manta Network gained significant attention within the cryptocurrency community after its token generation event, leading to trending status on major coin aggregators and news outlets.

Beyond the initial buzz, Manta Network presents innovative technology through a modular zero-knowledge (ZK) rollup for Ethereum, featuring Solidity smart contracts, and a decentralized identity layer 1 network with a focus on compliance.

This article will explore the details of Manta Network, while also examining potential future price movements of its native token, $MANTA, to provide a comprehensive MANTA price prediction. 

Overview

Cryptocurrency Manta Network
Ticker Symbol MANTA
Price $1.5
Price Change 24H -3.3%
Market Cap $419,329,788
Circulating Supply 251,000,000 MANTA
Trading Volume 24H $19,307,949
All Time High $4.08
All Time Low $1.51

Manta Price Prediction: Technical Analysis

Metric Value
Current Price $1.5
Price Prediction $6.00 (229.33%)
Volatility 5.23%
50-Day SMA $1.74828
14-Day RSI 55.87
Sentiment Bullish
Fear & Greed Index 78 (Extreme Greed)
Green Days 13/30 (43%)

MANTA Price Analysis

Manta price faces bearish pressure as it declines toward $1.45

  • MANTA price analysis shows a bearish pattern toward $1.45 after witnessing selling pressure.
  • Resistance for Manta is present at $1.641
  • Support for MANTA/USDT is present at $1.453

Manta price analysis 1-day chart: Buyers attempt to meet bullish goals above resistance lines

Analyzing the daily price chart of MANTA token, Manta’s price witnessed a surge in selling pressure after bulls failed to send the price above Fib channels. Over the last 24 hours, Manta price has been on a downward trajectory and currently faces a consolidation around $1.5. The 24-hour volume surged to $13 million, showing an increased interest in trading activity today. Manta price is currently trading at $1.5, decreasing by over 3.3% in the last 24 hours.

The RSI-14 trend line has declined from its previous level and currently hovers around 38-level, showing that bulls are slowly losing the momentum of the price. The SMA-14 level suggests downward volatility in the next few hours.

Manta/USDT 4-hour price chart: Bears aim for a decline below EMA lines

The 4-hour Manta price chart suggests MANTA continues to experience bearish activity near EMA lines, creating a negative sentiment on the price chart. Currently, buyers are now aiming for a surge by holding the price above the EMA20 trend line.

The BoP indicator is trading in a positive region at 0.41, hinting that buyers are trying to build pressure near resistance levels and boost an upward correction.

Additionally, the MACD trend line has formed green candles above the signal line and the indicator aims for a positive momentum, strengthening bullish positions.

Manta Price Prediction: Levels And Action

Daily Simple Moving Average (SMA) 

Period Value Action
SMA 3 $1.74708 BUY
SMA 5 $1.77222 BUY
SMA 10 $1.76556 BUY
SMA 21 $1.68277 BUY
SMA 50 $1.75003 BUY
SMA 100 $2.38 SELL

Daily Exponential Moving Average (EMA)

Period Value Action
EMA 3 $1.77461 BUY
EMA 5 $1.76816 BUY
EMA 10 $1.74885 BUY
EMA 21 $1.73027 BUY
EMA 50 $1.88707 SELL
EMA 100 $2.18 SELL

What to expect from Manta price analysis next?

The hourly price chart confirms bears are making efforts to prevent the Manta price from an immediate surge. However, if the Manta price successfully breaks above $1.641, it may surge higher and touch the resistance at $1.857.

If bulls cannot initiate a surge, Manta price may drop below the immediate support line at $1.453, resulting in a correction to $1.346.  

Is MANTA A Good Investment?

Manta’s rapid rise in DeFi TVL charts and its alignment with Ethereum‘s scaling roadmap via technologies like Manta Pacific suggest $MANTA’s potential. Its ecosystem growth is supported by grants, and it leads in ZK technology adoption, promising for blockchain‘s future. However, regulatory concerns over transaction privacy could affect its long-term viability, potentially impacting ZK protocols like $MANTA. Overall, Manta is a good investment if you want a profitable return in the long term.

Recent MANTA News/Opinions

CeDeFi: Manta CeDeFi merges CeFi and DeFi to unlock new earning opportunities for crypto holders through stable strategy arbitrage, DeFi yields, and $MANTA token incentives, all secured by institutional-grade compliance.

DDoS Attack: The emerging Manta Network experienced a distributed denial of service (DDoS) attack during the issuance of its MANTA token, resulting in delayed withdrawals and slowed network performance. Manta developers acknowledged in an X post that a significant backlog of transactions was causing extended transaction times and affecting gas fees.

MANTA Price Prediction June 2024

Over the last few weeks, Manta price has been in a consolidation despite the overall bullish trend in the crypto market. As the market rebounded in the last few weeks with BTC price breaking above the $70K milestone, the altcoin market failed to gain the momentum. This resulted in a tight range-bound trading for MANTA price. 

However, if the altcoin market witnesses a surge in buying pressure this month, we might see a rebound in the MANTA price. In June, we expect Manta price to record a minimum level of $1.5 and a maximum level of $2.1. The average price is expected to be around $1.7.

Manta Price Prediction Potential Low Potential Average Potential High
Manta Price Prediction June 2024 $1.5 $1.7 $2.1

Manta Price Prediction 2024

Q1 2024 started with Bitcoin ETF approvals, but the quarter will likely remain quiet as key developments are expected later. The Ethereum Dencun upgrade, crucial for rollups like Manta, may be delayed to Q2 or Q3 due to complexity.

The Bitcoin halving in April, possible Ethereum ETF approval, and expected Fed interest rate cuts could significantly impact crypto prices. An expanding Manta ecosystem and a potential bull market in late 2024 are set to boost crypto growth.

In 2024, Manta Network is anticipated to reach a minimum price of $2.12. Based on our analysis, the maximum possible price for MANTA is estimated to be $2.47, with an average price forecast of around $2.20.

Manta Price Prediction Potential Low Potential Average Potential High
Manta Price Prediction 2024 $2.12 $2.2 $2.47

Manta Price Predictions 2025-2030

Year Minimum Price ($) Average Price ($) Maximum Price ($)
2025 3.03 3.14 3.60
2026 4.23 4.38 5.19
2027 6.25 6.43 7.60
2028 8.55 8.81 10.75
2029 12.96 13.31 15.02
2030 17.94 18.60 22.28

Manta Network Price Prediction 2025

In 2025, Bitcoin and leading altcoins could reach new highs due to the impact of the Bitcoin Halving. However, some believe the event’s predictability is changing because of crypto’s current popularity.

In 2025, technical analysis indicates that Manta Network is expected to reach a minimum price of $3.03. The MANTA token might attain a maximum price of $3.60, while the average trading price is estimated to be $3.14.

MANTA Price Forecast for 2026

Ethereum upgrades will benefit Manta Network as it advances toward a rollup-based model. With growing interest in privacy tech like ZK solutions, Manta Network is poised to grow, likely increasing its token value.

In 2026, Manta Network is projected to have a minimum price of $4.23. The MANTA token is expected to reach a maximum price of $5.19, with an average price of $4.38.

Manta Network (MANTA) Price Prediction 2027

By 2027, Manta Network is predicted to have a minimum value of $6.25. It may reach a maximum value of $7.60, with an average trading price of $6.43.

Manta Network Price Prediction 2028

Through a detailed technical analysis of past price data, Manta Network is estimated to reach a minimum price of $8.55 in 2028. The token could see a maximum price of $10.75, with an average trading price of $8.81.

Manta Network Price Prediction 2029

In 2029, the minimum expected price for one Manta Network token is projected to be $12.96. The maximum price could reach $15.02, with an average trading price of $13.31.

Manta Network (MANTA) Price Prediction 2030

For 2030, the Manta Network price is forecast to reach a minimum of $17.94. According to our research, the MANTA token could achieve a maximum of $22.28, with an average forecast price of $18.60.

Manta Network Price Prediction: Analysts’ MANTA Price Forecast

Firm Name 2024 2025
Coincodex $5 $7.92
DigitalCoinPrice $3.68 $4.28
Changelly $2.65 $3.92

Cryptopolitan’s Manta Price Prediction

At Cryptopolitan, we are bullish on Manta price prediction as it flashes bullish on-chain signals amid growing buying demand. Investors are keenly watching Manta Network market to discern potential movements in Manta Network’s future price trends, analyzing shifts in Manta Network’s price.

We expect Manta price to reach a minimum price of $2.12. Based on our analysis, the maximum possible price for MANTA is estimated to be $2.47, with an average price forecast of around $2.20.

Manta Historic Price Sentiment

  • January 18, 2024: MANTA launched on the open market at approximately $2.24.
  • January 22, 2024: Price rose steadily, exceeding $2.70 before retracting to $2.40.
  • Bullish Rebound: Following months showed a strong upward trend, with MANTA reaching an all-time high of $4 in March.
  • April Decline: Momentum faded, and the price declined below $2.
  • In recent weeks, the price of Manta rebounded and is aiming for a retest of the $2 mark.