The correctional wave of the MANA cryptocurrency, which began in November 2021, is coming to an end. Over 5 months, the MANA price slowly fell from the upper trend line of the growth channel to the lower. The trading volumes during this tedious price fall was low and the price was looking for shelter and a reliable foothold to stop. Such a foothold was seen in January, when the MANA price jumped 90% up in two weeks. This was the result of a test of an important liquidity range of $1.8.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/h/hDdZ3eQv.png" alt="MANA" width="1386" height="791" />

<a href="https://www.tradingview.com/x/hDdZ3eQv/" target="_blank" rel="nofollow noopener">https://www.tradingview.com/x/hDdZ3eQv/</a>

In fact, from February 2022, sellers are trying to lower the MANA price again to $1.8, but these attempts still look pathetic. For maximum certainty about the feasibility of investing in the MANA cryptocurrency in the current price range, we should wait for the test of the lower trend line of the growth channel. In the event of an increase in trading volumes and the formation of pins down on the weekly timeframe, we will receive the final signal to buy MANA.

The first target, where you can fix the return on investment is the mark of $3.54. On this mark, there is a liquidity range of sellers, which for the first time buyers may not be able to pass. However, after a local price rebound to $2.2, we expect the growth wave to continue with the next target of $5.4.
<h2>Technical Analysis Of MANA On The Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/4/4SA8riiX.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/4SA8riiX/" target="_blank" rel="nofollow noopener">https://www.tradingview.com/x/4SA8riiX/</a>

Analyzing the movement of <a href="https://www.cryptoknowmics.com/news/mana-technical-analysis-will-sellers-retake-2-mark/">MANA</a> price on the daily timeframe, we see an incomprehensible modesty of buyers. At a time when the forces of sellers in this price range are almost exhausted, buyers are not making any effort to change the market situation in their favor. Take for example 11 April breakdown of the local liquidity zone of $2.27. The breakdown occurred in small volumes. After this breakdown, sellers completely retreated, passing the initiative into the hands of buyers. What to do with this initiative - buyers have not decided. And for 10 days the MANA price has been moving in consolidation under the liquidity range of $2.27. This price behaviour suggests that a decrease in the MANA price is highly likely. It is too early to buy this cryptocurrency in the medium term. Until you test the $1.8 mark or fix the price at the $2.27 mark, you should be patient and wait.
<h2>MANABTC Price Predicts Price Fall By 30%</h2>
<img src="https://s3.tradingview.com/snapshots/v/VxbyPtac.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/VxbyPtac/" target="_blank" rel="nofollow noopener">https://www.tradingview.com/x/VxbyPtac/</a>

Unfortunately, the positive for investors is becoming less after the analysis of the MANABTC chart. In the weekly timeframe, we see that sellers without much effort, small stable candles intend to push the price below the range of 0.0000495. Below this range, the nearest liquidity zone that can stop the local downward trend from November 2021 is 0.000039. Although in history there is no noticeable consolidation. Near this mark is a global trend line of buyers, which they keep since December 2020. Therefore, we expect a rebound from the mark of 0.000039.

MANA Technical Analysis: Last Steps Before The Price Reversing 

This price behaviour suggests that a decrease in the MANA price is highly likely. It is too early to buy this cryptocurrency in the medium term.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

MANA Technical Analysis: Last Steps Before The Price Reversing

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