MANA Technical Analysis: Collapsing 200-day EMA Warns 15% Decline

MANA coin price shows the sellers gaining trend control near the trend-defining 200-day EMA, indicating a free-fall to the $2 mark. Key technical points: The 200-day EMA struggles to sustain the trend. The RSI maintains below the 14-day average. The 24-hour trading volume in the Decentraland Token is $428 Million, marking a 2% fall. Past Performance of MANA MANA coin price shows the downtrend after the symmetrical triangle breakout hanging close to the 200-day EMA. The recent morning star near the EMA forecasted a rally to the broken trendline, but the recent sell-off damages the bullish longing at the $2.50 mark. Source-Tradingview MANA Technical Analysis MANA coin price shows a 3.45% decline from the confluence of the 50-day EMA and the crucial emotional barrier at $0.055, vandalizing the bullish renewal and increasing the chances of fallout. The falling 50-day EMA maintains the threat of a death cross as the downtrend continues after the triangle fallout. The altcoin prices hang tight to the 200-day EMA, and closing below will imply the start of a downfall. RSI Indicator: The RSI slope fails again to spike above the 14-day average and reaches the 50% mark. The negative-ish trend continues under the bearish influence indicating a potential fall to the oversold zone. Stochastic RSI Indicator: The reversal from the oversold zone brings a bullish crossover of the K and D lines. The rising lines will increase the bullish spread,...