- MANA token price grew 50% in the past week as the buying pressure increases.
- The token prices have managed to rise above all the critical EMAs in the daily chart.
- The token pair MANA/BTC trades at 0.00002175 BTC with an intraday rise of +14.80%.
The MANA Token’s price has been in a short-term downfall till the horizontal support level at $0.50 pushed the price higher. The increased buying pressure from the $0.5 mark helped the price match the previous session high of $0.75.
MANA token prices have managed to rise above the opposition of all the EMAs with the backing on increased buying pressure. The price jump resists the possibility of death cross as the sloping EMAs may soon rise with the price.
Currently, the market price of the MANA token is $0.7376. Moreover, there has been an intraday rise in the market capital by +17.75%. Additionally, due to the recent increase in demand, the intraday trading volume has inclined by +228.76%.
MANA Token Price Rise May Soon Follow Golden Crossover
The MANA token has been rising higher, creating higher highs in the 4-hour technical chart, and may shortly reach the horizontal resistance level of $0.88 mark. However, the token prices may soon retrace back to the 200-period EMA as a retest.
The token price may face opposition from the $0.88 and $1.0 mark as per the price action. However, MANA token price may find support near the $0.58 and $0.44 levels if the trend reverses.
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 trends higher and may shortly reach the resistance level of $0.88. Investors with bullish hope for MANA tokens may find an entry spot above the $0.88 mark.
Support: $0.58 and $0.44
Resistance-$0.88 and $1.00