MANA prices show a breather rally from the $1.40 mark after the falling channel breakout rally cracking under the psychological barrier of $2.

Key technical points:
<ul>
 	<li style="font-weight: 400">MANA prices sustain above the $1.5 mark.</li>
 	<li style="font-weight: 400">The RSI slope attempts to exit the oversold zone.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Decentraland is $283 Million, marking a 25% fall. </li>
</ul>
<h2>Past Performance of MANA</h2>
MANA coin price fell by 30% following the falling channel fallout, as the trend reached the $1.42 mark, which was previously above $2 in a matter of one week. But, buyers escaped an ebb below the $1.40 mark with an overnight 6% increase, resulting in the candlestick as a bullish piercing candle. 

<img src="https://s3.tradingview.com/snapshots/r/RNvnqzKT.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/RNvnqzKT/">Tradingview</a>
<h2>MANA Technical Analysis </h2>
MANA price action shows a bullish breather after the downfall and projects a potential retest of the bearish breakout. Hence, the possibility of a bearish reversal to reach the $1 stills haunts the price chart.

The crucial daily EMAs are ready to achieve a bearish alignment as the high selling pressure reflects an increased possibility of 100 and 200-day EMA bearish crossover. Hence, the EMAs achieve a dynamic resistance status as the prices trade under them.

The RSI slope indicates a sharp reversal within the oversold zone attempting to surpass the 30% boundary, leading to a sideways trend. Hence, the indicator reflects high bearish pressure keeping the bearish growth under check. 

The MACD and signal lines continue to maintain a bearish alignment under the negative territory by avoiding multiple bearish crossovers. Moreover, the ongoing bearish trend in histograms implies a further continuation of the downtrend after a retest. 

In short, the MANA technical analysis reflects a formidable bearish pressure ready to suppress the bullish recovery.
<h2>Upcoming Trend </h2>
MANA coin price shows a bullish reversal from the $1.40 mark resulting in a short retracement above the psychological mark of $1.50. However, the lack of bullish commitment is evident in the fall in trading volume. Hence, the retracement comes as a retest and a bull trap in disguise. 

Traders can expect the reversal to start from the $1.71 mark, but a fall under $1.40 will signal a selling spot. 

Resistance Levels: $1.50 and $1.71

Support Levels: $1.40 and $1.20

MANA Technical Analysis: Recovery Ready To Retest Fallout. 

MANA prices show a breather rally from the $1.40 mark after the falling channel breakout rally cracking under the psychological barrier of $2.

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: Recovery Ready To Retest Fallout.

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