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- 1 The Manta Network crypto has been range-bound for the last four weeks.
- 2 At the time of writing, the MANTA crypto price was trading at $3.07, with an intraday gain of 12.16%.
Manta Network crypto staged a comeback on Tuesday and surged nearly12% at the time of writing. The bulls are holding higher, which may add more gains by the end of the session. The price surge has recovered the losses incurred in the last couple of sessions.
Moreover, the recent price jump in intraday could not help the price break out of the range. However, the intraday surge has driven the price near the previous supply zone. The MANTA crypto may register a breakout if it resumes on the higher side with momentum.
The overall crypto market sentiments are optimistic. Bitcoin and Ethereum are headed towards their record highs which is taking along other cryptocurrencies.
At the time of writing, MANTA crypto was hovering near $3.07, recording an intraday gain of over 12%. It has a live market capitalization of nearly $764.36 Million and ranks 115th in the overall crypto market.
It has a circulating supply of 251 Million tokens against a total supply of 1 Billion MANTA tokens.
Bulls Or Bears: Who Will Dominate the Trend?
The short-term trend outlook is sideways as the MANTA crypto price has been hovering back and forth, leading to a consolidation.
The consolidation has been month-long and may register a breakout or breakdown soon. The bulls and bears are in a tough fight to claim their dominance over the short term trend.
Moreover, the long term trend outlook lies on the bullish side as the price hovers above the recent swing low. Fresh upside moves may be observed on the charts if the crypto breaks out of the recent supply of the $3.2 level.
If the buyers break and sustain above the recent supply of $3.2 level, it may validate the termination of a correction phase and a new bullish wave may drive the price to the higher supply levels of $4 and $5.
Manta Network Price Technical Analysis
At the time of writing, the MACD line and signal line were placed below the zero line suggesting a bearish trend prevailed. Also, a positive crossover of both the lines was observed over the charts indicating the early signs of a breakout.
Manta Network Crypto Prediction March 2024
The bullish price prediction of Manta Network crypto for March shows that the MANTA crypto may experience a short-term bull run if the buyers break and sustain above the recent supply level of $3.2.
On the higher side, $4 and $5 may be the next possible targets if the buyers are able to register a breakout.
Manta Network Price Prediction 2024
The price forecast for the year 2024 highlights that the MANTA token price could reach a high of $6.65, suggesting a potential gain of over 118.7%. Moreover, the bearish outlook of the analysts is that the price could reach $4.97 by the year’s end.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
