CKM Staking

Mana Technical Analysis | Bullish or Bearish

The MANA prices attempt to beat the selling pressure at the $1 zone to reach the overhead resistance at $1..44. Should you be bullish on this Meta token?

To drive the conclusion we need to analyse the key points of MANA , let’s see what we have here!

With a market cap of $1.95 Billion, the intraday trading volume of Decentraland has increased by 11% to reach $287 Million.MANA prices attempt a bullish breakout of the $1.10 mark to unleash the trapped momentum. 

https://www.tradingview.com/x/GYGMT0Jp/

The MANA price action showcases the growth of 7.78% overnight resulting in a bullish engulfing candle closing near the overhead resistance of $1.10. However, the prices are yet to exceed the supply zone, and traders hoping to ride the breakout rally must wait for a price action confirmation.

 

Related Videos