{"id":234567,"date":"2024-01-23T21:21:46","date_gmt":"2024-01-23T15:51:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-manta-lose-2-amid-current-market-sell-off-crypto-news\/"},"modified":"2024-01-23T21:21:50","modified_gmt":"2024-01-23T15:51:50","slug":"will-manta-lose-2-amid-current-market-sell-off-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-manta-lose-2-amid-current-market-sell-off-crypto-news\/","title":{"rendered":"Will $MANTA Lose $2 Amid Current Market Sell-off? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-176250\">\n<p>\nManta Network Price Prediction: The MANTA price break below the support trendline of the channel pattern would increase the selling pressure in the market.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"578\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/3SVmpnAN-e1706024162509.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Manta Network Price Prediction\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 10 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Manta Network Price Prediction:\u00a0 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/blog\/is-manta-network-worth-the-hype\/\">MANTA<\/a>, the native token of the Manta Network, has garnered significant attention in the crypto market following its recent launch on several major cryptocurrency exchanges and an accompanying airdrop. Initially, the listing of MANTA on these exchanges sparked a price surge, peaking at $2.78.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">However, this uptrend experienced a rapid reversal due to a combination of factors: a distributed denial-of-service (DDoS) attack impacting operations, and a broader market sell-off. As market sentiment currently indicates a prolonged correction, there\u2019s growing speculation about whether this new altcoin can maintain its value above the $2 threshold.<\/span><\/p>\n<h2><b>Manta Network Price Prediction: Will $MANTA Sustain Above $2?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bearish breakdown from the channel pattern should strengthen the seller\u2019s grip over this asset.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The falling price may witness strong demand at the $2 mark<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in MANTA is $296 Million, indicating a 36% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Manta Network Price Prediction\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/3\/3SVmpnAN.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/3\/3SVmpnAN.png\" alt=\"Manta Network Price Prediction\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Manta Network Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/manta-network-sparks-money-laundering-concerns-in-south-korea-amid-binance-listing\/\">Manta Network<\/a>, an innovative web3 ecosystem, offers a modular environment tailored for developing and deploying Solidity-based decentralized applications. This platform stands out by combining high transaction speeds with lower gas costs, characteristics often associated with Layer 2 (L2) solutions.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">On January 18, Manta Network introduced its native token, MANTA, across multiple cryptocurrency exchanges boosting its market capitalization to $550 million. This successful launch was quickly overshadowed by challenges, as the network soon encountered a distributed denial of service (DDoS) attack, which affected the network\u2019s functionality, resulting in prolonged withdrawal times and overall reduced network performance.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u26a0\ufe0f Because of yesterday&#8217;s DDoS attack, the network has accumulated a large queue of recent transactions. This is leading to longer transaction times and impacts on gas fees. We are aware of this issue and working to resolve it.<\/p>\n<p>\u2014 Manta Network (\ud83d\udd31,\ud83d\udd31) #MantaNewParadigm (@MantaNetwork) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MantaNetwork\/status\/1748239783036596715?ref_src=twsrc%5Etfw\">January 19, 2024<\/a><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Although the issue was promptly addressed and resolved, the MANTA price has experienced considerable volatility over the past four days. Analyzing the 4-hour timeframe reveals that the coin\u2019s price initially adhered to a channel pattern formation, using two trendlines to stabilize its high value. Despite this, a recent intraday loss of 6% led to a breach of the pattern\u2019s lower trendline, paving the way for potential corrections.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">Should <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/where-to-buy-manta-network-coin\/\">MANTA Price<\/a> maintain its position below this breached trendline, it could indicate an increase in selling pressure, potentially driving the price down to $2, and possibly further to $1.8.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Exponential Moving Average (EMA): <\/b><span style=\"font-weight: 400;\">The MANTA price below the 20-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> slope indicates the short-term market sentiment is sideways to bearish,<\/span><\/li>\n<li aria-level=\"1\"><b>Relative Strength Index (RSI): <\/b><span style=\"font-weight: 400;\">The daily RSI at 40% accentuates the bearish momentum is aggressive in the current state.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/manta-network-price-prediction-will-manta-lose-2\/&#038;text=Manta Network Price Prediction: Will $MANTA Lose $2 Amid Current Market Sell-off?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/manta-network-price-prediction-will-manta-lose-2\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/manta-network-price-prediction-will-manta-lose-2\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/manta-network-price-prediction-will-manta-lose-2\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA176250\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD176250\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manta Network Price Prediction: The MANTA price break below the support trendline of the channel pattern would increase the selling pressure in the market. Published 10 mins ago Manta Network Price Prediction:\u00a0 MANTA, the native token of the Manta Network, has garnered significant attention in the crypto market following its recent launch on several major [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":234568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-234567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=234567"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234567\/revisions"}],"predecessor-version":[{"id":234569,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234567\/revisions\/234569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/234568"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=234567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=234567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=234567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}