<strong><em>MANA price chart shows an expanding channel breakout with an overnight reversal retaking the $1 threshold. Will the recovery rally surpass $1.50?</em></strong>

Key technical points:
<ul>
 	<li>The MANA market value increased by 10.68% in the last 24 hours.</li>
 	<li> The falling expanding channel breakout hints at recovery to $1.50.</li>
 	<li>The 24-hour trading volume of Decentraland is $264 Million, indicating a hike of 76.98%.</li>
</ul>
<strong>Past Performance of MANA</strong>

<a href="https://www.cryptoknowmics.com/news/mana-technical-analysis-bullishness-grows-within-falling-channel/">MANA</a> market value shows a bullish reversal from the $0.92 mark after the short-coming downtrend due to the rejection near the resistance trendline. The sudden reversal comes with a morning star pattern and leads to the descending expanding channel breakout. Furthermore, the breakout rally surpasses the crucial psychological mark of $1.

<img src="https://s3.tradingview.com/snapshots/v/V1WpAE5v.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/V1WpAE5v/" target="_blank" rel="noopener">tradingview</a>
<h2><strong>MANA Technical Analysis </strong></h2>
MANA coin price shows a bullish recovery with a small but significant rise in the trading volume, projecting bullish support to the breakout rally. Hence, the breakout rally has increased the chances of sustenance above $1. The MACD indicator displays the fast and slow lines keeping a bullish alignment as they get closer to their zero point while avoiding a bearish crossover. In addition, the bullish histogram speeds up following the resting phase, which indicates the revival of bullish powers.

The Vortex and DMI indicators show a high likelihood bullish crossover event as the bearish spread decreases between the DI and VI. Hence, traders can expect the trend reversal crossover event as an entry spot. In a nutshell, MANA technical analysis indicates a high likelihood of a bullish rally sustaining above $1.
<h2><strong>Upcoming Trend</strong></h2>
If the breakout rally sustains above the $1 mark, MANA prices will reach the upcoming resistance level of $1.50 and increase the chances of reaching $2. However, a retracement to retest the broken is possible.

<strong>Resistance Levels:</strong> $1.50 and $2

<strong>Support Levels:</strong> $1 and $0.69

MANA Technical Analysis: Buyers Breaks Bearish Channel To Recover $1 

MANA technical analysis shows an expanding channel breakout with an overnight reversal retaking the $1 threshold. Will the recovery rally surpass $1.50?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

MANA Technical Analysis: Buyers Breaks Bearish Channel To Recover $1

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