MANTA is the native token of the Manta Network, a modular web3 ecosystem and Layer‑2 solution aiming to support DeFi, privacy, and Solidity‑based dApps with lower fees and faster transactions.
The price currently trades near about $0.07–$0.08 USD, far below its all‑time high above $4.00, reflecting a multi‑cycle correction of about ~98% from peak levels.
Market cap is modest (≈ $30–$35 M), and price action shows sideways to weak sentiment, influenced by low macro momentum and general crypto risk‑off conditions.
Technical indicators from recent analysis suggest a breakout attempt above support (~$0.07), where holding gains could lead toward a short‑term test of local resistance near ~$0.08.
Despite modest DeFi and L2 interest in the ecosystem, broader adoption catalysts are still muted, making MANTA a speculative small‑cap token tied heavily to market sentiment and ecosystem growth.
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