MANA Technical Analysis: Everything Will Be Resolved At Around $0.95

The current picture painted by the MANA cryptocurrency price is quite mixed. Unfortunately, the attempt of buyers to start a new growth wave without a deep correction failed. Buyers were unable to maintain a critical mark of $1.8, although previous attempts by sellers to break this mark were deplorable. In the previous analysis, we repeatedly warned that you should not buy MANA until the price reaches the mark of $1.8. https://www.tradingview.com/x/pfOrNZ5O/ On the MANA weekly chart, we see that buyers tested the $1.8 mark so badly that the price fell to the $0.629 mark. Thus, the downward trend continues and now the mark of $1.8 is already a problem for buyers. Right next to this range is the main trendline of sellers, which they have been keeping since November 2021. What is the good news for MANA? The weekly candle of 9 May closed above the opening price, forming a giant pin. The trading volumes during this week increased. This is a signal from buyers to try to form a local growth wave. If sellers are not able to lower the price below the $0.95 mark during May, the chances of MANA starting to grow to the $1.8 mark will increase as much as possible. At the moment, this is our main scenario. Technical Scenario of MANA On The Daily Timeframe https://www.tradingview.com/x/MYbqNZWJ/ Analyzing the MANA price movement on the daily timeframe, you can see a significant increase in trading volumes not only during the price fall, but ...