MANA coin price shows a bullish reversal from $2.45 and creates a symmetrical triangle pattern as the rally approaches the long-coming resistance trendline. 

The MANA coin price shows lower price rejection from the $2.5 mark, resulting in a support trendline and a symmetrical triangle pattern. However, the bull cycle struggles to outshine the sellers at $2.85, which questions the possibility of a bullish rally approaching the resistance trendline?
<h2>Key technical points:</h2>
<ul>
 	<li>MANA price action creates a morning star pattern</li>
 	<li>The Stochastic RSI shows a bullish crossover in the daily chart</li>
 	<li>The 24-hour trading volume in the MANA token is $1.02 Billion, indicating a 30% fall. </li>
</ul>
<h2>Past Performance of MANA</h2>
With the recent rejection from the long-coming resistance trendline, the MANA coin price retraces 25% to the $2.5 mark. However, the bulls resurface to hold the $2.5 level and bring a short reversal. This generates a weak support trendline that completes a symmetrical triangle pattern in the daily chart. 

<img src="https://s3.tradingview.com/snapshots/f/fdaw7KE7.png" alt="TradingView Chart" />

Source-<a class="editor-rtfLink" href="https://www.tradingview.com/x/fdaw7KE7/" target="_blank" rel="noopener">Tradingview</a>
<h2>MANA Technical Analysis </h2>
The MANA coin price shows a bullish reversal within a triangle pattern but struggles to overcome the $2.85 barrier. Hence, a selling opportunity with the breakout of support trendline is possible. 

The MANA price shows a higher price rejection from the 50-day EMA and falls below the 100-day EMA. Hence, a retracement to the 200-day EMA is possible, which will break below the support trendline.

After the bullish crossover in the oversold territory, the Stochastic RSI indicator shows sharp linear growth in the K and D lines. However, the lines must overcome the previous failed bullish cycle peak to generate a bullish signal.

The RSI Indicator slope shows a gradual rise that struggles to surpass the halfway mark after the sharp fall from the overbought zone. Moreover, the RSI slope fails to reach the 14-day average. 

In short, the MANA technical analysis shows a weak bullish reversal that may shortly break below the support trendline. 
<h2>Upcoming Trend</h2>
The MANA coin price struggles to surpass the $2.85 mark and fails to withstand the selling pressure resulting in the long wick formation. Hence, the bears are resurfacing after the 5.83% overnight growth. That is why sellers can shortly find a trendline breakout entry with the target of $2.40.

Support Levels: $2.50 and $2.40

Resistance Levels: $2.85 and $3

MANA Technical Analysis: Buyers Struggle To Recreate Bullish Cycle

MANA coin price shows a bullish reversal from $2.45 and creates a symmetrical triangle pattern as the rally approaches the long-coming resistance trendline. 

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 Struggle To Recreate Bullish Cycle

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