MANA coin price shows the sellers gaining trend control near the trend-defining 200-day EMA, indicating a free-fall to the $2 mark. 

Key technical points:
<ul>
 	<li style="font-weight: 400">The 200-day EMA struggles to sustain the trend. </li>
 	<li style="font-weight: 400">The RSI maintains below the 14-day average. </li>
 	<li style="font-weight: 400">The 24-hour trading volume in the Decentraland Token is $428 Million, marking a 2% fall. </li>
</ul>
<h2>Past Performance of MANA</h2>
MANA coin price shows the downtrend after the symmetrical triangle breakout hanging close to the 200-day EMA. The recent morning star near the EMA forecasted a rally to the broken trendline, but the recent sell-off damages the bullish longing at the $2.50 mark. 

<img src="https://s3.tradingview.com/snapshots/c/cyayAIe1.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/cyayAIe1/">Tradingview</a>
<h2>MANA Technical Analysis </h2>
MANA coin price shows a 3.45% decline from the confluence of the 50-day EMA and the crucial emotional barrier at $0.055, vandalizing the bullish renewal and increasing the chances of fallout.

The falling 50-day EMA maintains the threat of a death cross as the downtrend continues after the triangle fallout. The altcoin prices hang tight to the 200-day EMA, and closing below will imply the start of a downfall.

RSI Indicator: The RSI slope fails again to spike above the 14-day average and reaches the 50% mark. The negative-ish trend continues under the bearish influence indicating a potential fall to the oversold zone. 

Stochastic RSI Indicator: The reversal from the oversold zone brings a bullish crossover of the K and D lines. The rising lines will increase the bullish spread, but a downfall below 200-day EMA will prematurely close the bull cycle.

In a nutshell, MANA technical analysis casts a bearish shadow as the 200-day EMA shivers.
<h2>Upcoming Trend</h2>
MANA coin price might continue the downfall to reach the $2 mark as the 200-day EMA breakout seems imminent. Hence, traders can shortly find a selling opportunity. However, if a bullish reversal closes above the $2.5 mark, an uptrend to $3 is plausible.

Support Levels: $2.15 and $2

Resistance Levels: $2.5 and $3

MANA Technical Analysis: Collapsing 200-day EMA Warns 15% Decline

MANA coin price shows the sellers gaining trend control near the trend-defining 200-day EMA, indicating a free-fall to the $2 mark. 

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: Collapsing 200-day EMA Warns 15% Decline

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