Cryptocurrency prices are surging, with altcoins leading the charge. This rise coincides with renewed chatter about an Ethereum ETF, prompting investors to seek out altcoins that could benefit.
Manta Network (MANTA), a low-cap altcoin, is a prime example. The token price jumped 17% in 24 hours, accompanied by a surge in trading volume. This suggests a potential trend reversal.
Technical analysis on the 4-hour chart reveals a bullish breakout from a falling channel. If momentum holds, MANTA could climb significantly. The current price of $1.67 hints at a possible uptrend reaching beyond $5.
Key points:
Altcoins are experiencing a strong uptrend.
Ethereum ETF discussions fuel optimism.
MANTA shows a bullish reversal with 17% gains.
Breakout from a falling channel suggests further growth.
Potential price target could be over $5.
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