- MANA token price has increased +13.08% in the past 24 hours bringing the coin price closer to the zone resistance.
- The token price is failing to rise above the 100-day EMA despite support from other EMAs.
- The pair of MANA/BTC trades at 0.00002203 BTC with an intraday rise of +14.57%.
The MANA Token’s price has been moving sideways after rising above the $0.58 mark. The coin price moves in a range within the $0.8 and $0.58 as the price fails to break the resistance.
The coin price moves alongside the 200-day EMA as other significant EMAs slope down, projecting bearishness in the price chart. In addition, the coin price is facing resistance from the 100-day EMA that has kept the price within the range.
The current market price of the MANA token is $0.6981. There has been an intraday rise in the market capital by +13.08%. Moreover, due to the recent increase in demand, the intraday trading volume has inclined by +243.76%.
The Lower Lows Providing Early Reversal Signal For MANA Token?
The MANA token price has been making lower lows in the 4-hour timeframe after rising to the mark of $0.8. Since then, the price has failed to grow and create a higher high.
The recent jump in price also seems to fail in breaking above the resistance and may very soon fall back to the support level of $0.58.
The pivot point standard (Traditional, Auto) suggests that the token price could support the $0.6 mark and the $0.45 mark. However, if bulls succeed in the breakout, opposition at the $0.87 and $1.00 resistance levels could push the price down.
The RSI indicator is bullish and indicates a steady increase in the slope of RSI. In addition, the RSI indicator has jumped suddenly, projecting a rise in underlying bullishness.
The ADX indicator indicates a sideways trend.
Conclusion: MANA Token price is at the point of making it or breaking it. The reversal of price may result in a fall back to the support level of $0.58. On the other hand, investors hoping for bullish entry might find entry above the resistance level.
Support: $0.58 and $0.45
Resistance-$1.00