Mantix ($MTX) Rises 100x Amid Altcoin Bearish Trend

In the current altcoin market, there is a widespread bearish momentum affecting top assets such as Bittensor (TAO) and Solana (SOL). According to recent reports, the Solana price prediction is not optimistic after the coin dipped close to its support level. Similarly, the TAO price prediction is following a similar trend after showing weak bullish signals, leaving its investors dissatisfied.

In contrast, Mantix ($MTX) is attracting a significant number of investors as the first stage of its presale begins and moves towards a potential 100x breakout. Given the shaky performances of other altcoins, the question arises whether this project will continue its unprecedented rise.

At the time of reporting, the TAO price was around $442, following a 10% fall in the past week. The 5-day TAO chart indicates that the crypto trade is far from its $400 psychological support level. Currently, sellers are in control, suggesting that Bittensor (TAO) may continue its downturn as it lacks the momentum to overcome this bearish obstacle. If the dip persists, the TAO price could plummet to the next support level between $388 and $392. However, Bittensor investors remain bullish, indicating that traders maintain confidence in the TAO price prediction. The RSI divergence suggests that the bullish momentum is weakening and that a TAO price collapse is imminent.

Like Bittensor (TAO) price performance, the Solana price prediction and performance have been affected by the current downturn in the altcoin market. The SOL crypto lost nearly 8% in the past week and traded at $177 after breaching the $180 resistance. Multiple technical signals provide more insight into the recent Solana price decline. The charts show the Solana price trading below the Ichimoku cloud, which is often a sign of price weakness. Meanwhile, the red and wide cloud ahead signals that this bearish SOL momentum may persist. Solana’s price trades close to the lower Bollinger band, indicating a strong downtrend. The widened band demonstrates increased volatility and possible persistence of selling pressure. As the Solana price struggles continue, Mantix continues its high-flying start to life despite the bearish atmosphere.

Mantix ($MTX) is entering the DeFi space with modern decentralized infrastructure that simplifies crypto transactions. Features include cross-chain swaps, up to 1000x futures leverage, and a share of revenues when holding $MTX. Mantix users are experiencing the newest wave of DeFi excellence. While Stage 1 of its token presale has only recently begun, Mantix has already raised more than $600,000, with $MTX selling for $0.02. Leveraging its ERC20 roots and Ethereum backing, Mantix completes transactions rapidly and delivers high liquidity and user control.

Mantix is quickly becoming a widely known DeFi project as the struggles of other cryptos like TAO and SOL become evident. Its robust ecosystem features powerful AI trading tools, an audited contract, and deflationary tokenomics, making it an attractive option for investors seeking the next big crypto with possible 100x returns.