- Manta Network (MANTA) demonstrates robust growth, up nearly 14% in the past week and 82% over the last 30 days.
- Altcoin season gains momentum as altcoins reclaim market dominance.
- MANTA’s breakout from a technical pattern hints at a potential 50% price surge.
Manta Network (MANTA) has emerged as a standout performer in the cryptocurrency market, showcasing a powerful upward trajectory that hints at further bullish movement. With a 14% rise over the past week and a staggering 82% increase in the last 30 days, MANTA’s performance underscores a strong appetite among investors for the privacy-focused blockchain platform.
At the time of writing, the token is trading at $1.32229, supported by a robust 24-hour trading volume of $100.03 million and a market capitalization of $501.21 million, capturing 0.01% of the total market dominance. Over the past 24 hours, the price has climbed by 4.22%, reflecting growing momentum in the altcoin market.
Altcoin Season Gains Traction
According to data from IntoTheBlock, the broader altcoin market has started reclaiming its dominance, marking the onset of what many consider “altcoin season.” MANTA’s strong performance aligns with this trend, positioning it as a key player in the market’s evolving dynamics.
Adding to the optimism is data from Token Terminal, which highlights a significant milestone for the crypto industry. The global daily active user count has surged to an all-time high of 18.7 million, more than doubling from 7.7 million at the beginning of 2024. This surge in user engagement reflects growing adoption across blockchain ecosystems, a factor that could further propel the token’s price upward.
MANTA Builds Support for 50% Upswing
From a technical perspective, the token’s price action is equally compelling. The token recently broke out of a parallel channel pattern and successfully retested its breakout level, solidifying a strong support base. This setup has led to bullish projections, with potential price targets set at $1.67 and $2.00. Achieving these levels would represent a rally of over 50% from current prices, reinforcing market confidence in MANTA’s upward potential.
The token’s impressive gains, combined with favorable market conditions and increasing user activity across the crypto space, suggest a promising future for the token. As altcoin season continues to unfold and technical setups align with bullish predictions, the token is well-positioned to capitalize on its recent momentum.
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