During the last week, MANA has registered a range trend between the specified levels. After the resistance level of $0.410-$0.417 was not completely broken, we again saw a decline in the price for MANA to the indicated support. Support is seen in the $0.362-$0.370 range, and a very positive reaction is seen at this level. Mana has grown by almost 7% from this area, which due to the short-term upward trend of Bitcoin and exit from the range channel, there is a possibility of the price of Mana continuing to grow and retesting the resistance level of $0.41.
But the resistance that can break the upward trend in the 4-hour time frame is considered in the range of $0.423 to $0.441. There is also a minor resistance in the range of $0.406 to $0.411, which is still close to this range in the lower timeframes. not seen Therefore, in the first encounter, we expect a negative reaction from this level. The closest support to the current price is in the range of $0.383-$0.387, which has seen a good positive reaction after breaking this resistance. So it can be a demand area for price growth. The formation of a positive RSI divergence can also help the short-term trend to rise.
But the resistance that can break the upward trend in the 4-hour time frame is considered in the range of $0.423 to $0.441. There is also a minor resistance in the range of $0.406 to $0.411, which is still close to this range in the lower timeframes. not seen Therefore, in the first encounter, we expect a negative reaction from this level. The closest support to the current price is in the range of $0.383-$0.387, which has seen a good positive reaction after breaking this resistance. So it can be a demand area for price growth. The formation of a positive RSI divergence can also help the short-term trend to rise.
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