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- 1 Manta Network price is below the key moving averages, showcasing bearishness.
- 2 MANTA price social dominance has declined in recent times.
The Manta Network cryptocurrency (MANTA) price is in the bearish zone and has been displaying bearish waves for the past few sessions. Moreover, the cryptocurrency is struggling to sustain gains above the 20 and 50-Day moving averages and is heading in a downward direction. The crypto has declined over 17% this week, demonstrating the bearishness in recent sessions.
At press time, the Manta Network crypto (MANTA) price was trading at $2.98727811 with an intraday loss of 4.31%, indicating bearishness on the charts. It has a monthly negative return of 4.10%, highlighting weakness in the trend. It has a market cap of $749.81 Million. Indicators are bearish and suggest the MANTA price will attain lower levels in upcoming sessions.
Over a week, Manta Network crypto has experienced a decrease of approximately 17.08%. However, the coin has grown by almost 5829% in the last 3 months as per TradingView.
Manta Network Crypto Price vs Volume Analysis
The volume and price graph displayed that the trading volume has decreased from $850 Million to $78 Million in the last 10 days and the price has also declined. In the last 7 days, the price fell 17% while the trading volume has also declined more, so the price is expected to decline in the short term.
Manta Network Crypto Social Dominance vs Social Volume Analysis
The graph of social dominance and social volume shows that awareness and interaction on social media like X, Instagram, and Telegram have decreased which has made a negative impact on the price. The next momentum of Manta Network crypto price may depend upon social dominance and social volume.
MANTA by writer12_gsm on TradingView.com
MANTA crypto showed seller strength and short-term charts showed profit-taking in Crypto. Moreover, the price is trading below the major EMA, indicating further weakness for the cryptocurrency. The RSI curve is near 45, an oversold zone, with a negative outlook indicating bearish sentiment in the cryptocurrency. The MACD indicator also continued to form a red band and a bearish crossover appeared, indicating a corrective move.
Summary
Manta Network crypto showed seller strength on the daily chart. Moreover, the price is trading below the major EMA, indicating further weakness for the cryptocurrency. The RSI curve is near the oversold zone, with a negative outlook indicating bearish sentiment in the cryptocurrency. The MACD indicator also continued to form a red band with a bearish crossover, indicating a correction.
Technical Levels
Support Level: $2.469
Resistance Level: $3.916
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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.
