Key Takeaways
- MANTA price faces bearish pressure around $0.64.
- 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 | $0.64 |
| Price Change 24H | -1.5% |
| 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 | $0.64 |
| Price Prediction | $ 2.20 (228.03%) |
| Fear & Greed Index | 17 (Extreme Fear) |
| Sentiment | Bearish |
| Volatility | 10.58% |
| Green Days | 11/30 (37%) |
| 50-Day SMA | $ 0.955172 |
| 200-Day SMA | – |
| 14-Day RSI | 25.33 |
MANTA Price Analysis: Manta price faces bearish pressure toward $0.64
- MANTA price analysis shows a bearish pressure around $0.64
- Resistance for Manta is present at $0.77
- Support for MANTA/USDT is present at $0.63
Manta price analysis 1-day chart: Sellers attempt to meet bearish goals below support lines
Analyzing the daily price chart of the MANTA token, Manta’s price witnessed a surge in selling pressure after bears attempted to send the price below Fib channels. Over the last 24 hours, Manta price has been on a downward trajectory and currently aims for a drop below $0.6. The 24-hour volume declined to $3.8 million, showing a decreased interest in trading activity today. Manta price is currently trading at $0.64, decreasing by over 1.5% in the last 24 hours.
The RSI-14 trend line has declined from its previous level and currently hovers around 36, showing that bulls are slowly losing momentum in the price. The SMA-14 level suggests upward volatility in the next few hours.
Manta/USDT 4-hour price chart: Bears aim for a hold 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. However, buyers aim for a surge by holding the price above the EMA20 trend line.
The BoP indicator trades in a negative region at 0.81, hinting that sellers are trying to build pressure near support levels and boost a downward correction.
Additionally, the MACD trend line has formed red candles below the signal line, and the indicator aims for a negative momentum, strengthening bearish positions.
Manta Price Prediction: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.788005 | SELL |
| SMA 5 | $ 0.830288 | SELL |
| SMA 10 | $ 0.882625 | SELL |
| SMA 21 | $ 0.935396 | SELL |
| SMA 50 | $ 0.955172 | SELL |
| SMA 100 | $ 1.309099 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.824284 | SELL |
| EMA 5 | $ 0.858159 | SELL |
| EMA 10 | $ 0.899262 | SELL |
| EMA 21 | $ 0.930532 | SELL |
| EMA 50 | $ 1.053944 | SELL |
| EMA 100 | $ 1.358159 | 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 $0.770, it may surge higher and touch the resistance at $0.862.
If bulls cannot initiate a surge, Manta price may drop below the immediate support line at $0.63, resulting in a correction to $0.555.
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.
Why is Manta Price Up Today?
Following intense bearish market sentiment, MNT price declined heavily and tested buyers’ patience at $0.65. However, as the BTC price now aims for a minor recovery, it triggered a bullish surge for the Manta price toward $0.7.
Will Manta Price Reach $10?
Manta network has been actively expanding its offerings and it has established multiple partnerships in recent months. If the buying demand continues to increase in the coming years, we might see its price surpassing the $10 mark.
Will Manta Reach $100?
Depending on the current market sentiment, it might take several years for the MNT price to hit the $100 milestone. We expect the Manta price to achieve $100 by 2060.
Will Manta Reach $1000?
$1000 is a distant dream for Manta price. However, if everything remains in favour for the altcoin market, we might even see MNT price hitting $1K.
Is Manta a Good Long-Term Investment?
Investors are bullish on Manta and it has gained significant attention in recent months. If developers continue to build robust utilities for Manta and the roadmap fulfills user demand, it can turn out to be a good long-term investment option.
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 August 2024
Over the last few days, Manta price has been on a downward trend as it broke below the $0.55 mark following bearish Bitcoin market sentiment. However, as the market rebounded in the last few hours with BTC aiming for a break above the $60K level, the altcoin market is gaining 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 August, we expect Manta price to record a minimum level of $0.4 and a maximum level of $0.9. The average price is expected to be around $0.6.
| Manta Price Prediction | Potential Low | Potential Average | Potential High |
| Manta Price Prediction August 2024 | $0.4 | $0.6 | $0.9 |
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 May, the price of Manta rebounded and is aimed for a retest of the $2 mark.
- In recent weeks of June, MNT price declined heavily and dropped below the $1 mark.
- In July, Manta price continued its bearish move as it settled below the $1 mark.
