Manta Network Price Prediction: 2024, 2025, 2030

MANTA price prediction: Key highlights

1. Primary support and resistance levels

• On the daily chart, $4.02 posed a significant resistance to an uptrend. 
• $1.50 can likely prove to be the lowest price floor for the token.

2. Market sentiment

• As of May 2024, the market is seen to be in a strongly bearish trend.

3. Predictive forecasts

• Our AI/ML predictive models anticipate MANTA attaining an average trading price of $108.71 in 2029 and $1,766.28 in 2033.

Get in-depth insights into MANTA’s future trajectory through a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

MANTA technical analysis: Bearish pressure to force a new low 

In the analytical review of the daily chart, the focus was sharply set on the fluctuations and pivotal moments that shaped MANTA’s trajectory. This analysis is integral to crafting a Manta Network price prediction for 2024. 

The analysis commenced in March 2024, with MANTA on an upward trajectory, successfully reaching its highest resistance level at $4.02. This peak was a critical moment for the asset, showcasing its market strength and investor confidence. 

However, shortly after achieving this milestone, the token experienced a significant reversal, sharply declining below the substantial support level of $3.20 and eventually stabilizing just above $2.71 in late March.

Following this sharp decline, MANTA entered a phase of consolidation. The altcoin's price fluctuated between $3.20 and $2.71 during this period, indicating market indecision as traders and investors assessed its valuation.

As the calendar turned to April, bearish sentiment prevailed, exerting further downward pressure on MANTA’s price. The token underwent a pronounced downturn, breaking past the lower consolidation boundary to fall below the $1.92 level. Mid-April saw the token briefly touching a new low at $1.65, marking its lowest support during this analysis period.

The latter half of April was characterized by a volatile struggle between bullish and bearish forces. While there were moments when the bulls attempted to regain control and push MANTA's price above the $1.92 mark, these efforts were short-lived and ultimately unsuccessful in reversing the downtrend. By the end of the analysis period, MANTA had settled at its lowest price point of $1.65.

At the time of writing, MANTA was trading at $1.70, only slightly above its recent low. This position suggests a minor recovery but also underscores MANTA's challenges in regaining investor trust and market strength.

MANTA’s current growth trajectory has been bleak. According to CoinMarketCap, MANTA witnessed a depreciation in value, plummeting by 44% within the past month. However, there have been some major developments for MANTA recently. Bella Protocol has partnered with Manta Network. This strategic alliance aims to maximize the untapped potential of MANTA’s ecosystem, with Bella leading in decentralized finance (DeFi) liquidity solutions.
 

The future presents both bullish and bearish possibilities. If the bears continue to exert considerable pressure, its value might plummet below the $1.65 level within the next few weeks. Additionally, a sustained bearish momentum can lead to MANTA touching the all-time low (ATL) value of $1.50 within the upcoming months. 
 

Conversely, If the bulls take charge and breach the $1.92 threshold, it could signal the beginning of a reversal. This can push the price to retrace its steps uphill to $2.71. A move beyond this level will likely put $4.02 on the cards for the asset. 
 

The AI/ML predictive analysis of MANTA's future performance paints a highly optimistic picture, forecasting significant growth in the years to come. Looking ahead to 2029, the models project the token to achieve an average trading price of $108.71.The long-term outlook extends further to a positive one, with a staggering prediction of an average price of $1,766.28 by 2033.

MANTA's 2024 roadmap: Key indicators to watch and trade

• The trading volume began to rise alongside the price until mid-March but failed to maintain its momentum.
• It rose again in early April and continued until mid-month. After this, the volume waned slightly and continued until the end of the analysis. This underscored the diminishing buying interest. 
• The Relative Strength Index (RSI) was above the overbought territory at the beginning of the analysis. 
• As the price dropped, the RSI fell below 50 by mid-March. The indicator largely stayed below 50, with occasional spikes in late March and again in April. As the analysis concluded, it stood at 33.94. This evidenced the shift towards a bearish trend.
• The Chaikin Money Flow (CMF) stayed above the zero line until the end of March. It briefly turned negative but returned to positive territory by April. 
• At the time of writing, the indicator experienced a drop in its value, registering at -0.11. This suggested that there was a significant outflow of money from the asset.