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The Manta Network price tumbled almost 5% in the last 24 hours to trade for $2.42 as of 2:30 a.m. EST time.
Trading volume slumped 36% although the token appears to be steadying above the ascending trendline, as MANTA trends on Coingape.
⚡️🔥Trending coins in the #cryptocurrency market today!📈#MANTA #BTC #LUNC tops the list❗️
🛎️Follow @CoinGapeMedia pic.twitter.com/YniY5UPqRh
— Crypto News (CoinGape) (@CoinGapeMedia) January 23, 2024
Manta Network Price Outlook
On the one-hour timeframe, the Manta Network price faces overhead pressure due to the supply zone extending from $2.52 to $2.67. Based on the technical indicators, the odds favor the downside. This is seen by the bearish crossover seen when the Relative Strength Index (RSI) crossed below the signal line (yellow band).
With the RSI still southbound, momentum is falling, accentuated by its position below 50. To make matters worse, the Moving Average Convergence Divergence (MACD) indicator is in negative territory to show the odds favor the downside.
Enhanced selling pressure could see the Manta Network price lose the support offered by the ascending trendline. Further south, the altcoin could slump to the demand zone, which stretches from $2.15 to $2.24. A break and close below the midline of this order block at $2.20 would confirm the continuation of the downtrend.
In the dire case, the slump could see the Manta Network price extend the fall to the $2.00 psychological level. Such a move would constitute a 17% fall below current levels.
TradingView: MANTA/USDT 1-hour chart
Converse Case
On the flip side, if the ascending trendline holds as a support level, the Manta Network price could extend the climb. This could see the altcoin’s market value test the supply zone between $2.52 and $2.67. To confirm the continuation of the uptrend, MANTA market value must break and close above the midline of this order block at $2.60.
If the bulls are able to get the Manta Network price to flip the supply zone into a bullish breaker, it could set the tone for an extension to the $2.81 resistance level. In a highly bullish case, the altcoin’s market value could shatter this blockade, potentially going as high as the $3.00 psychological level, or in highly ambitious cases, reclaim the range high of $3.33, standing around 35% above current levels.
However, even as the Manta Network price steadies after a rollercoaster ride, MK is gaining attention as investors chase the most promising meme coins. Experts say the project has the potential for 10X gains on launch.
Promising Alternative To Manta Network
MK is the native cryptocurrency for the Meme Kombat ecosystem, an innovative gaming platform designed for enthusiasts.
What are you buying in the dip? pic.twitter.com/G3Txa3xO3b
— Meme Kombat (@Meme_Kombat) January 22, 2024
The project debuted on September 25th and steadily ascended to become a significant player in the meme coin sector. It continues to draw interest from the crypto community and notable analysts.
Meme Kombat just keeps getting more love from @cryptonews 🤩
Catch their latest video on $MK here: https://t.co/MiF73BrwCf
— Meme Kombat (@Meme_Kombat) January 20, 2024
Meme Kombat employs a stake-to-earn mechanism. Specifically, the point of MK is not just buying and trading. Token holders can stake their tokens in Meme Kombat and bet on battles for the chance to win big!
The gamers choose which meme characters represent them in the battle arena. Beyond the regular battles, there are also other larger, more hyped battles where gamers can participate with the potential to win large prizes.
Who wins:
Coinbase or SEC? pic.twitter.com/KGduBQIjiH
— Meme Kombat (@Meme_Kombat) January 21, 2024
Standing as the hottest new gaming platform in the Web3 space, MK’s presale is one of the most successful token sales of the year. It’s recorded over $7.339 million in sales, with expectations to hit the $8 million target soon. Interested investors can buy MK in the presale for $0.279.
$MK is reaching new heights and taking the #memecoin world by a storm. Buy into the presale now! https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) January 20, 2024
Token holders do not need to wait for battles. Start earning annual percentage yields (APY) as high as 128% on $MK tokens today.
Buy $MK now in our presale: https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) January 21, 2024
Visit Meme Kombat to buy MK in the presale here.
Also Read:
- How To Buy Meme Kombat On Presale – Alessandro De Crypto Video Review
- New Play-to-Earn Meme Coin Aiming to Become the Next GambleFi Gem
- New Stake-to-Earn Gaming Meme Coin Presale Surpasses $7 Million Milestone
- Manta Network Price Prediction: Top Trending MANTA Falls Back After Airdrop, But This Bitcoin Derivative Presale Rockets Past $9 Million
Newest Meme Coin ICO - Wall Street Pepe
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