Bitcoin

Manta Network Price Prediction: MANTA Plunges 6% As Experts Say This Might Be The Best Meme Coin To Buy Now

3 Mins read

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The Manta Network price plunged 6% in the last 24 hours to trade for $3.3789 as of 2:45 a.m. EST time on trading volume that dropped 8%.

Nevertheless, it remains bullish, consolidating within a bullish flag pattern, with the technical formation setting the stage for a strong move north.

Investors remain bullish on the Manta Network price, with the altcoin displaying a bullish outlook on the lower timeframe.

With the Manta Network price looking bullish, MANTA token has merited the list of top five hot tokens on BiKingex. The list, representing market trends for highly regarded assets, places MANTA alongside Pyth Network (PYTH), Solana (SOL), Ethereum (ETH), and Polygon (MATIC).

However, the bullish outlook for the Manta Network price is under threat as the technical indicators continue to favor the downside.

Manta Network Price Outlook With Technicals Flashing Bearish

The Manta Network price could lose the support offered by the ascending parallel channel soon, amid waning buyer momentum. This is indicated by the falling Relative Strength Index (RSI).

The Moving Average Convergence Divergence (MACD) and the Awesome Oscillator (AO) indicators have their histogram bars flashing red in negative territory. Also, both the RSI and the MACD are moving below their respective signal lines, solidifying the case for the bears.

If the bears have their way, the Manta Network price could fall out below the $3.3544 support level. Further south, the altcoin could slide below the lower boundary of the channel, before testing the 100-day Simple Moving Average (SMA) at $3.2437.

In the dire case, the Manta Network price could extend the fall to the $3.0000 psychological level. If this level fails to hold, it could roll over to the $2.8194 support, or the $2.6024 buyer congestion level.

The worst-case scenario would be the Manta Network price breaching the midline of the demand zone, which now acts as a bullish breaker, at $2.2781. The demand zone extends from $2.2073 to $2.3500.

Manta price

TradingView: MANTA/USDT 2-hour chart

On the flipside, if the bulls come back to the scene, the Manta Network price could push north to confront the 50-day Simple Moving Average (SMA) at $3.5966. Anh extension north could see the altcoin test the midline of the channel, or in highly bullish cases, extend a neck higher to breach the $3.8280.

The very ambitious case could see the Manta Network price reach the $3.8900 level, standing 20% above current levels. For more details, check out our Manta Network Price Prediction guide.

Meanwhile, experts say it is the right time to buy Meme Kombat, which analysts rank among the best meme coin to buy with potential for exponential gains. Some analysts even say it might 100x on launch.

Promising Alternative To Manta Network

MK is the native cryptocurrency for the Meme Kombat ecosystem, an innovative new gaming platform designed for gaming enthusiasts.

Meme Kombat community members get a chance to battle in the arena against each other, with each participant represented by meme characters of their choice.

Th project is in the presale stage with upwards of $7.7 million already in the bag out of the targeted $8 million. Investors can buy MK for only $0.279.

MK token holders do not need to wait until the presale ends before they can start earning. The project has a running staking dashboard, offering stakers a chance to earn passive income.

Stakers are currently enjoying high rewards, with annual percentage yields (APY) as high as 120%. With these rewards reducing with time, now is the best time to stake your MK holdings.

Meme kombat staking

The point of Meme Kombat is not to just buy and trade. You can stake your MK tokens on the website and bet on battles for the chance to win big! Alongside the regular battles, the project also features larger, more hyped battles for people to participate in with large prizes for winners.

Visit Meme Kombat to buy MK here.

Also Read:

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