MANTA price prediction 2024-2030: Will Manta Network survive or crash?

Key Takeaways

• MANTA price faces consolidation 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

Manta Price Prediction: Technical Analysis

Metric	Value
Current Price	$ 0.636837
Price Prediction	$ 2.12  (227.48%)
Fear & Greed Index	29 (Fear)
Sentiment	Bearish
Volatility	6.89%
Green Days	15/30 (50%)
50-Day SMA	$ 0.810178
200-Day SMA	$ 1.758745
14-Day RSI	37.14

MANTA Price Analysis: Manta price faces consolidation above $0.6

• MANTA price analysis shows a consolidation around $0.6
• Resistance for Manta is present at $0.666
• Support for MANTA/USDT is present at $0.556

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 buying pressure after bulls attempted to send the price above Fib channels. Over the last 24 hours, Manta price has been on an upward trajectory and currently aims for a surge above $0.65. The 24-hour volume declined to $3.4 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 surged from its previous level and currently hovers around 40, showing that bulls are slowly gaining 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 positive region at 0.54, 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 bearish positions.

Manta Price Prediction: Levels And Action

Daily Simple Moving Average (SMA) 

Period	Value	Action
SMA 3	$ 0.651675	SELL
SMA 5	$ 0.644122	SELL
SMA 10	$ 0.689918	SELL
SMA 21	$ 0.730693	SELL
SMA 50	$ 0.810178	SELL
SMA 100	$ 1.026748	SELL
SMA 200	$ 1.758745	SELL

Daily Exponential Moving Average (EMA)

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 $0.666, it may surge higher and touch the resistance at $0.855.

If bulls cannot initiate a surge, Manta price may drop below the immediate support line at $0.556, resulting in a correction to $0.428.  

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 $0.6. However, as the BTC price now aims for a minor recovery, it triggered a bullish surge for the Manta price toward $0.65. 

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 September 2024

Over the last few days, Manta price has been on a downward trend as it broke below the $0.6 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 September, 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.

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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 Predictions 2025-2030

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

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. 
• In August, the price of Manta surged toward $0.86; however, it later dropped toward $0.6.