MANA price action shows a fading bull cycle in the falling expanding channel teasing a potential bearish reversal. Will the downfall crack under $1? 

Key technical points:
<ul>
 	<li style="font-weight: 400">MANA prices struggle to the descending trendline.</li>
 	<li style="font-weight: 400">The evening star at the resistance trendline teases a reversal.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Decentraland is $434 Million, indicating a plunge of 30%. </li>
</ul>
<h2>Past Performance of MANA</h2>
As mentioned in our <a href="https://www.cryptoknowmics.com/news/mana-technical-analysis-mana-buyers-shatter-1-ceiling">previous article</a>, MANA prices break above the $1 barrier with the start of a bull cycle near the $0.69 mark. However, the prolonged uptrend struggles to surpass the resistance trendline evident by the evening star pattern, accounting for a 12% decline yesterday. 

<img src="https://s3.tradingview.com/snapshots/0/0HUMoHDG.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/0HUMoHDG/">Tradingview</a>
<h2>MANA Technical Analysis </h2>
The falling trend in trading volume displayed a lack of bullish commitment during the MANA bull cycle. Furthermore, the evening star pattern is a bearish pattern consisting of a bullish candle, a Doji candle, and a red candle marking the start of a reversal. However, the buyers at the psychological mark of $1 take one last stand to avoid another fallout. 

The Bollinger bands maintain an expanding dwontrend but the lower band goes flat as the bull cycle threatens the resistance trendline breakout.  Hence, the chances of an uptrend reaching the upper band as the underlying sentiments shift.

The uptrend in RSI values goes flat after approaching the halfway mark from the depths of oversold territory. Moreover, the RSI value surpasses the 14-day average line reflecting the rise in underlying bullishness.

The MACD indicator projects an uptrend in the fast and slow lines after the bullish crossover and the start of new positive histograms. This increases the chances of a bullish breakout of the resistance trendline as the buying pressure increases.

In short, the MANA technical analysis depicts a high possibility of a bullish reversal from $1.
<h2>Upcoming Trend</h2>
With the buyers retaining trend control near $1, the possibility of a reversal shattering the resistance trendline to surpass $1.5 increases. Traders can expect the breakout rally from $1.5 to reach the next psychological barrier of $2. However, the $1 fallout will fuel the downtrend and result in a fall to the $0.69 mark.

Support Levels: $1 and $0.69

Resistance Levels: $1.50 and $2

MANA Technical Analysis: Bearish Trendline Keeps Buyers Under Control

MANA price action shows a fading bull cycle in the falling expanding channel teasing a potential bearish reversal. Will the downfall crack under $1? 

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: Bearish Trendline Keeps Buyers Under Control

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