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Manadecentraland

Decline, Ranges, and Trend AwaitedDue to low demand, the cryptocurrency MANA has been consistently dropping in value over the past month. This decline has been exacerbated by widespread selling across the market, leading to the currency's lowest price in 2023. The previous strong upward trend has been broken due to this selling pressure. Looking at the price patterns on a 4-hour and short-term basis, we can observe a range between $0.33 as the upper limit and $0.27 as the lower limit. Additionally, there's a smaller range within $0.295 to $0.289, which could be useful for short-term trading. However, given the potential for significant and unpredictable price movements in MANA, it's not advisable to trade within this narrow range. To anticipate price growth, it's necessary to wait for changes in the trend pattern on the 4-hour timeframe.
by MonoCoinSignal
6
MANA's buying pressure has eased sharplyMANA's buying pressure has eased sharply after breaking the corner pattern, and one of MANA's short-term resistances at the $0.75 range has reacted negatively over the past two days. As long as the marked strong resistance is not broken, its correction potential is higher. Minor support is considered at the $0.69 range, and these ranges are considered minor levels. We can expect a trend continuation or a deeper correction if there is any break. Safe ranges as a support are $0.460 to $0.540, and second support at $0.400 to $0.425. With Mana trending upward on the daily timeframe, there is potential for it to reach higher targets in the $1 range after the price correction.
by MonoCoinSignal
5
MANA has been in a range over the past two weeksMANA has been in a range over the past two weeks, and its bullish move was halted when it reached the $0.80 range resistance. Because a strong retracement of the resistance range has occurred without a pullback, the potential for a price correction to at least the $0.55 support area has been created. Also, we could consider the ascending channel as a corner pattern, which with the confirmation of the pattern from the bottom, the last target is in the range of $0.57. Now the resistance that is considered in the range of $0.75 is the range above which we cannot expect a bullish trend in the 4-hour timeframe if a strong reversal is not registered above it. The first support of MANA is considered in the range of $0.458 to $0.540. One of the strongest near-term supports is the $0.402-$0.425 range, which is unlikely to see a deep correction given the strength of the uptrend.
by MonoCoinSignal
18
MANA can also decrease to the support If more negative reactions to the resistance levels are observed during this week and selling pressure increases, MANA can also decrease to the support range of $0.5317 by breaking the bottom of the short-term ascending channel. Negative divergence has also been observed on the RSI indicator, which could be another warning sign for a price correction. Among the important resistances of MANA, we can mention $1.05, which is one of the strong reaction levels.
by MonoCoinSignal
4
Short-term bullish channelMANA has increased in price by more than 16% in the last 24 hours. The buying pressure that has arisen has caused a new ceiling to be registered again in the daily and 4-hour time frames. Given that the price is in a short-term bullish channel, as long as the bottom of the channel holds at the $0.70 support area, there is potential for MANA to grow further and reach the next target range, which is $0.83. But higher and more important resistance is considered at the $1.05 level, which could be a more serious and important supply area.
by MonoCoinSignal
3
Static support area of $0.55MANA recorded good price growth during the last weeks. In the previous analysis, this price increase was predicted according to the candles' reversal signs and the RSI indicator. But because the market entered an upward phase, the ceiling of the main descending channel of MANA was also broken, and the price is above the level of $0.58 -$0.66. We can say that the daily time trend of MANA is up. Therefore, pullbacks can create a strong positive reaction to support levels. The price of MANA has entered an ascending channel in the 4-hour time frame. As long as the bottom of the channel is maintained and the static support area of $0.55, we can expect further price growth. So, at this level of support, we can again expect a positive reaction and an increase in demand. Also, if the short-term ascending channel is maintained, MANA can grow to $1.12.
by MonoCoinSignal
5
It can be supported againMANA has registered more than 17% price growth in the last 24 hours. Resistance in the range of $0.56 to $0.65 was considered for MANA, which was broken by strong candles. If the high price of this area stabilizes, it can be supported again. In this case, the next targets of the buyers will be in the range of 1 to 1.10 dollars. Another point is that the break of the ceiling of the main descending channel was without a pullback, which is a sign of the strong strength of the buyers and the reversal of the trend in the daily timeframe. So if we have a correction, the second support is considered in the $0.50 range.
by MonoCoinSignal
6
The price has hit a key resistance in the $0.577-$0.650 rangeMANA has recorded a growth of over 30% in the last 24 hours. The price has hit a key resistance in the $0.577-$0.650 range, and this strong upside move has pushed the price out of the main bearish channel. There is a possibility of a negative reaction and the formation of a range zone for MANA. The trend change has been observed for some time in the daily timeframe, and pullbacks to support points can bring a positive reaction. The first and closest valid support is considered to be in the range of $0.485-0.458, which, hitting this level if there is a positive reaction, can bring the price back to the previous ceiling in the range of $0.650.
by MonoCoinSignal
5
A reversal pattern is formingDuring the last weeks, MANA stopped its downward trend at the support area of $0.30, and it is forming a reversal pattern. Confirmation of this pattern requires buyers to push the price back above the $0.35 range. In this situation, the RSI indicator has also formed a positive divergence, so if the RSI returns above the number 44 in the daily time frame, we can expect the formed floor to be a significant support for the trend change. The short-term targets we can consider are $0.35 and $0.42. The second resistance is at the ceiling of the descending channel and can have a strong negative reaction. Therefore, the saving range of profit for buyers will be short-term. For the short term, three bullish candles with larger bodies than shadows can be a sign of buyers gaining strength, which we expect to see a further increase in price this week.
by MonoCoinSignal
10
This week the market can be very volatile!MANA has ranged over the past week and is still hovering over the monthly support range of $0.577 to $0.650. For Mana, a resistance was considered in the $0.715 range, and over the past week, the price has returned to the main support after hitting this range and reacting to this resistance. We see high sales pressure on the chart today and in the last two days. Therefore, if these supports are broken, the price reduction can cause the formation of a new price floor compared to the last five months and bring the price of Mana to the ranges of 0.525 and 0.465 dollars. Therefore, if the candle closes below the range of 0.580 to 0.610 dollars in the 4-hour time frame, the continuation of the downward trend, even the formation of a new downward wave, is expected. In the 4 hours, we see the range trend, where the price fluctuates between the support of the specified resistances. In general, this week, the market can be very volatile, and there is a possibility of breaking support even in fake form.
by MonoCoinSignal
3
Strong response?!MANA has also declined recently, losing 3% to below $0.60. You can see that the descending channel intended for it is still standing. The hits to the bottom of the channel have been associated with a positive reaction. Still, in general, until the resistance range of $0.657 to $0.675 is broken, the trend of this currency can remain in the downward channel. Dynamic resistance is considered in the range of $0.615. If it stabilizes above this range, the next resistance that overlaps with the channel ceiling at $0.640 can be a target for short-term buyers. Given the breakout of the monthly support, if Bitcoin declines and returns to the $18,500 support area, Mana could continue its downward trend and hit a very important support area at $0.525-$0.465. We expect a strong response from this area. After this price reduction, a good increase in Mana's price will be expected in the coming weeks.
by MonoCoinSignal
12
Decentraland (MANA) - Daily AnalysisHello to all members of TradingView and my followers. MANA last week showed the inability of buyers on the support level of 0.88 to $ 0.98. The sell-off in the market had a relatively large impact on Mana, with the currency hitting $ 0.74. Based on the chart, support at $ 0.74 to $ 0.80 is a further price decline. Therefore, if the market conditions stabilize, buyers are expected to be able to raise the price above the level of $ 1 again. If the downtrend line is broken this time, there is a potential for a price increase due to the positive divergence of the RSI indicator. But if we still see sales pressure in the market, the price could break the current support and record a further drop to the level of $ 0.50. If it is helpful to you, please like it. If you have a comment, I'll be happy to know. Respectfully.
by MonoCoinSignal
16
MANA 15 min Chart - FEB 13-14 - FED Reaction watchMANA also seems to be building up pressure. I think either way it goes tomorrow this is where i look at use case. my child introduced me to the power of game spending when i got an amex call saying they just spent 2000 on some gems to buy an outfit for a new character. This market is riding the crypto wave but is Powered by the gaming generation and has a solid reason to belief value. The fed is almost using these meeting announcements as market manipulation and honestly i wouldn't mind if they would write some bills that allow then to invest and make money and that has to go directly towards the national debt. Otherwise they skirt to much towards their own pocket and not the countries. we should be allowed, as a country, to hire a new finance manager. I vote Bitcoin.
COINBASE:MANAUSD
by mindfree
Per Request: $MANA is Quite Slow MarketMANA is quite overvalued i think. Because it has 2.6+ billions total supply and 1 billion on the circulating, ranked as #80 on the coinmarketcap at the current moment. This token engaging in virtual reality industry. I barely know, this such thing can be so stabled even on the bear market. And Wow... it listed on many markets more than I expected. 46 markets, huge. Why am I so surprised. Upbit, Bittrex, Binance, Huobi, OKEx and the rest, wow I should've found this from the beginning. It just out of my radar. Started out from only one hundreds plus before the December 2017, now it's quite "Stable" above thousand sats-ish. Mana chart is not something that i really love if i'm a swing or day trader, less volatility means less up and down, means less chance to get a huge profit. If you're a vision investor, MANA could be one of your choice. Support should be around 929 - 839 sats. You can put buy other right there. or 1000 - 1050 sats are also fine. Target? 1760 to get out of my initial capital and let the rest riding. If all of these ideas I posted helps you just give me thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
by blockchaindedi
6