MANA Technical Analysis: MANA Buyers Surpass the 200-day EMA

MANA coin price surpasses the 200-day EMA as the buying pressure grows phenomenally resulting in the $2.45 level breakout. Key technical points: MANA coin price approaches the $2.5 mark. In addition, the price resurfaces above the 200-day EMA. The 24-hour trading volume of Decentraland is $766 Million, marking a 127% rise. Past Performance of MANA MANA coin price shows a bullish breakout of the consolidation range near the $2.30 mark resulting in a spike above the $2.45 horizontal level. However, the meta coin faces selling pressure near the $2.50 psychological mark resulting in a retracement to retest the bullish breakout. Source-Tradingview MANA Technical Analysis MANA coin price rises above to retest the broken triangle pattern as buyers sabotage the downtrend and bring a potential bullish reversal rally. However, the rally must surpass the psychological barrier at $2.5 to continue the bullish rally. The altcoin surpasses the 200-day EMA while the 50 and 100-day EMA struggles to achieve a bearish spread as the trend reverses. However, the rally faces bearish tension from the diverging EMAs opposing the bullish growth. RSI Indicator: The RSI slope faces objection from the 50% mark resulting in a sharp reversal in the uptrend slope. Hence, the indicator reflects the high selling pressure present above the $2.60 mark. MACD Indicator: The MACD and signal lines give a bullish crossover and startS the positive trend in the MACD h...