- The 20-day EMA provides strong dynamic support to the MANA token’s price
- The MANA/BTC pair was trading at 0.00002035 BTC with a gain of 0.3%
- The 24 hr trading volume in MANA coin is $522.7 Million.
The MANA token shows a strong uptrend, with its price making new higher highs and higher lows. Just yesterday, the price was able to reclaim the $1 mark with a long green candle; however, today, the price displays a bearish shooting star candle, indicating intense selling pressure above the $1.03 mark.
Concerning the EMA’s, the MANA coin is trading above all crucial EMA’s 20, 50, 100, and 200, indicating a bullish phase in the market. Moreover, the 20 EMA offers strong dynamic support to the token’s price.
The RSI (BULLISH) value is at 60, indicating a bullish sentiment in the market. However, the RSI line also shows bearish divergence concerning the token’s price action.
MANA Token Crypto Chart In The 4hr Time Frame
The MANA token price showed a long 4hr bearish engulfing candle rejecting from the $1.03 resistance, which was followed by another red candle confirming its reversal. This minor pullback will face its first strong support around the $09-08.5 mark, which can provide proper support to the price for continuing its rally.
Moreover, the MANA traders can also plot the traditional pivot levels in their chart, as they provide great confluence with the SR levels, providing them with a better confirmation and an extra edge in their trading.
The MACD indicator (BULLISH) shows both the MACD line and the signal line moving above the neutral zone(0.00), indicating bullish momentum. However, the two lines show multiple crossovers, indicating a weak or unclear trend in this token.
Conclusion: From the technical perspective, the overall trend for MANA token is bullish. Thus after reaching the $1 mark, the price currently shows a minor pullback in its chart, providing another entry opportunity for trend traders to ride the ongoing rally.
Support– $0.9-$0.85
Resistance– $1.3