MANA Fiyatı %42 Düşebilir; İşte Neden

The market participants showing strong interest in the discounted metaverse tokens have brought a significant recovery in Decentraland (mana). Though the recent bullish reversal from $0.65 support doubled the altcoin price in just three days, the buyers still struggle to surpass the dynamic resistance trendline.

Anahtar noktalar:

  • The MANA price faces supply pressure at a descending trendline.
  • A possible reversal would encourage the MANA sellers to pull the price back to $0.65
  • The 24-hour trading volume in the Decentraland token is $1.57 Billion, indicating a 27% gain. 

MANA/USDT GrafiğiKaynak-Tradingview

A symmetrical triangle pattern fallout on April 6th, outburst a strong selling momentum trapped within this 4-month consolidation. The price pattern bolstered MANA sellers to resume the prevailing downtrend and breach the immediate support level of $2.

Amid the recent sell-off in the crypto market, the downfall pierced through some additional support levels and marked $0.63 as the new 2022 low. Furthermore, the MANA sellers actively respond to a resistance trendline to maintain a steady downfall.

However, on May 13th, the MANA price bounced back from the $0.63 support and surged 106% to retest the descending trendline. Moreover, a high-wick rejection attached to the daily candle suggests that altcoin faces strong selling pressure.

A possible reversal would encourage the MANA sellers to pull the price back to $0.63.

However, a significant rise in bullish reversal could assist traders to breakout from the overhead resistance and drive the altcoin price to the $2.8 mark.

Teknik gösterge

The Supertrend indicator highlights an overall downtrend and bolsters the reversal theory.

In addition, the daily-RSI slope shows significant divergence and follow-up rally contrary to the falling price, indicating the overextended selling has stabilized. However, if the divergence grows stronger, the altcoin may eventually breach the resistance trendline.

  • Resistance level: $1.11 , and $1.66
  • Destek seviyesi: 0.62 ABD Doları ve 0.4 ABD Doları

Son 5 yıldır Gazetecilik alanında çalışıyorum. Blockchain ve Cryptocurrency'i son 3 yıldan beri takip ediyorum. Moda, güzellik, eğlence ve finans gibi çeşitli farklı konularda yazdım. bana brian (at) coingape.com adresinden ulaşın

Sunulan içerik yazarın kişisel görüşünü içerebilir ve piyasa koşullarına tabidir. Kripto para birimlerine yatırım yapmadan önce pazar araştırmanızı yapın. Yazar veya yayın, kişisel mali kaybınızdan sorumlu değildir.

Source: https://coingape.com/markets/mana-price-may-tumble-by-42-heres/