MANTA/BTC Ratio, A Big VolumeHere there is a large volume, and a Doji Candle occurs,
The large volume creates the latest ATH in transactions, with the hope that this will be an interesting altcoin to accumulate
Market insights
Can Manta Network Become the Best Layer 2 (investing chart... )hello dear trader...
Can Manta Network Become the Best Layer 2 Solution?
Given the unique features of Manta Network, including its integration with the Polkadot ecosystem, focus on privacy, strong Binance backing, and commitment to decentralization, the project has substantial potential to become one of the top Layer 2 solutions in the blockchain space.
If the development team can overcome technical challenges, address competition, and achieve widespread adoption, Manta Network could emerge as a leading privacy-focused Layer 2 protocol.
Ultimately, the future of Manta Network depends on market developments, user adoption, and the performance of the development team, but the project certainly holds a promising future in the evolving world of blockchain and decentralized finance (DeFi).
good luck
Manta Network (Volume Signal)Is Manta Network (MANTABTC) about to go ultra-bullish?
This is a young chart so it is had to say but, if anything, we have a very strong signal in the form of abnormal volume. This abnormal volume is clearly leaning towards the bullish side.
This volume signal has two portions:
1) Bearish volume. On the 8-9 October before the highest volume ever, MANTABTC produced the highest bearish volume ever. This is interesting because while this is the strongest selling pressure prices remain trading within a higher low compared to the recent low in both September and August. All this selling pressure but no new lows? Whales are buying.
2) Bullish volume. The highest buy volume in a single day after a new All-Time Low is indicative of accumulation. Accumulation tends to precede a bullish wave.
So there you have it, a chart with not much historical data but still the signals are present. These are early signals but points to higher prices next.
Thank you for reading.
Your support is appreciated.
Namaste.
#MANTABTCOn the 1-hour timeframe, manta formed a double bottom. from here we can expect a rise to the previous high.
