MANA Technical Analysis: Recovery Ready To Retest Fallout.

MANA prices show a breather rally from the $1.40 mark after the falling channel breakout rally cracking under the psychological barrier of $2. Key technical points: MANA prices sustain above the $1.5 mark. The RSI slope attempts to exit the oversold zone. The 24-hour trading volume of Decentraland is $283 Million, marking a 25% fall. Past Performance of MANA MANA coin price fell by 30% following the falling channel fallout, as the trend reached the $1.42 mark, which was previously above $2 in a matter of one week. But, buyers escaped an ebb below the $1.40 mark with an overnight 6% increase, resulting in the candlestick as a bullish piercing candle. Source-Tradingview MANA Technical Analysis MANA price action shows a bullish breather after the downfall and projects a potential retest of the bearish breakout. Hence, the possibility of a bearish reversal to reach the $1 stills haunts the price chart. The crucial daily EMAs are ready to achieve a bearish alignment as the high selling pressure reflects an increased possibility of 100 and 200-day EMA bearish crossover. Hence, the EMAs achieve a dynamic resistance status as the prices trade under them. The RSI slope indicates a sharp reversal within the oversold zone attempting to surpass the 30% boundary, leading to a sideways trend. Hence, the indicator reflects high bearish pressure keeping the bearish growth under check. The MACD and signal lines continue to maintain a bearish a...