ManTa is a new coin that was listed on Binance through the 44th Launchpool in January 24.
Manta Network is a relatively new entrant into the cryptocurrency space, founded in 2020. It aims to be a privacy-preserving platform for decentralized finance (DeFi).
Manta Pacific is a layer 2 scaling solution built on Ethereum that provides faster transactions and lower fees for ZK-powered applications. By leveraging layer 2 solutions, Manta Network aims to solve the scalability challenges faced by some traditional blockchains.
255 million in circulation, total 1 billion
Market value: US$456 million
After entering the market through Binance Launchpool on January 18, 2024, MANTA reached a high of nearly $4 in just 9 trading days. Then it began to consolidate in a daily convergent triangle, and the consolidation process digested the chip gap formed by the short-term rise. And it fell in the area near the intersection of the convergent triangle, that is, the change area given by the K-line Journey to the West. After the $2.6 daily support line was broken, MATA entered the golden pit area below.
MANTA, which is at a low level on the daily chart, has signs of activity and recovery on the 4-hour level. As ETH passes the US ETF, Ethereum's strongly associated currencies have shown a start signal. At present, MANTA's MA5 and MA10 have crossed MA144 and MA169 on the 4-hour level. A start signal has appeared on the moving average.
Combined with the favorable landing of CeDeFi products recently launched by Manta
Manta currently shows a strong divergence between the technical and news aspects and the bottom price
Recommended attention
Limited to horizontal K-line Journey to the West tactics for reference only
Not used as a basis for investment
#MantaRWA生态
$MANTA
