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Manta (MANTA) was taken captive by the sellers: He is falling out of breath!
Voices of crisis are rising in Manta (MANTA), which has lost more than 30 percent of its value in the last five days.
Manta Network (MANTA), which attracted incredible attention by its airdrop and simultaneous listing on popular cryptocurrency exchanges, has now fallen out of favor. The launch of different projects and the downward movement of BTC shook MANTA.
Crypto investors who turned to new altcoins, especially by exiting MANTA, pulled the price to lower levels. The popular coin, which recorded a decrease of 9.59 percent in the last 24 hours, took the first place in the “Top Losers” list.
MANTA, which achieved a solid trend after being listed on many cryptocurrency exchanges, experienced an increase of nearly 90 percent in 10 days. Later, the listing of different altcoins and the shift of the airdrop trend to new projects pushed MANTA into the background. MANTA, which has been priced at a loss of value since $3.81, lost 30.24 percent of its value in just five days and fell to $2.67.
Considering the current situation, the popular coin, which is traded at an intermediate price, may continue its downward trend unless there is a new move from the ecosystem. The levels that can be expected to act as support in such a scenario would be $2,579 – $2,316 – $2,129 and $2,095 respectively. A downward break of the green box may start a new selling wave. Persistence above $2.82 can carry the price up to $3,051 - $3,328 - $3,765 and $3,881 respectively. If the red box is exceeded, a new bull run will begin for MANT.