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TheJaFung
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How high can $MANTA go? Lets look at both the short and medium-term using both technical and fundamental analysis respectively.
Short-term: MANTA has already smashed through the 1.272 and retested it as support. I expect it to make it's way to the 1.618 at $4, and depends on how price reacts at that level, we may get an extended leg up to $5.13. You'd want to see either some conslidation or a bullish retrace to a .382 level once it hits $4.
Medium-term:
1. MANTA is still a relatively new coin and may experience massive corrections. $TIA airdrops are incoming and that may increase sell pressure. Between private investors/team/strategic investors 34.07% of tokens are locked for atleast 1 year. Advisors and public investors unlock linearly this year, but it's a much smaller amount. Overall looking good!
2. Right now MANTA is sitting at 950M MC with a 3.8B FDV. A lot of sentiment on Twitter that MANTA is following the path of which has a 2.7B MC and a 17.5B FDV. That's a potential ~3x!
3. It's impressive that we've seen an increase in TVL since MANTA token launch, as one would assume people would withdraw funds to farm other upcoming projects.
In summary, I expect MANTA to reach $4-5 in the short-term if $BTC continues its current rally to $44-46K. In the medium-term, as BTC makes its way back to ATHs, I expect it to hit $8-12 levels. A lot of great projects are launching in the coming months, so be weary of capital rotations!
If you like the content, consider liking and following me! Check out my Twitter @TheJaFung for market updates and trade setups.
#MANTA #altcoins #TradeNTell #AltCoinSeason #Altseason
Short-term: MANTA has already smashed through the 1.272 and retested it as support. I expect it to make it's way to the 1.618 at $4, and depends on how price reacts at that level, we may get an extended leg up to $5.13. You'd want to see either some conslidation or a bullish retrace to a .382 level once it hits $4.
Medium-term:
1. MANTA is still a relatively new coin and may experience massive corrections. $TIA airdrops are incoming and that may increase sell pressure. Between private investors/team/strategic investors 34.07% of tokens are locked for atleast 1 year. Advisors and public investors unlock linearly this year, but it's a much smaller amount. Overall looking good!
2. Right now MANTA is sitting at 950M MC with a 3.8B FDV. A lot of sentiment on Twitter that MANTA is following the path of which has a 2.7B MC and a 17.5B FDV. That's a potential ~3x!
3. It's impressive that we've seen an increase in TVL since MANTA token launch, as one would assume people would withdraw funds to farm other upcoming projects.
In summary, I expect MANTA to reach $4-5 in the short-term if $BTC continues its current rally to $44-46K. In the medium-term, as BTC makes its way back to ATHs, I expect it to hit $8-12 levels. A lot of great projects are launching in the coming months, so be weary of capital rotations!
If you like the content, consider liking and following me! Check out my Twitter @TheJaFung for market updates and trade setups.
#MANTA #altcoins #TradeNTell #AltCoinSeason #Altseason
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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