MANA Technical Analysis: Retest Aims To Reach $3
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Let us move ahead to read about MANA technical analysis.
Past Performance of MANA
The MANA coin price action shows a bullish recovery from the $2.45 mark resulting in a 6.50% gain in the past day. However, the price struggles to rise above the 100-day EMA and might show some reversal later in the daily chart. Nonetheless, the increased trend momentum might shortly give buyers a breakout entry opportunity.
MANA Technical Analysis
The MANA coin price action retests the bullish breakout of the $2.45 mark and shows a quick bullish reversal to restart the uptrend. However, the selling pressure of the slow crypto market keeps the possibility of a bearish takeover alive.
The crucial Exponential Moving averages shows a bullish alignment as the price struggles to rise above the 100-day EMA. Therefore, the short and medium-term trend remains bearish, however, the support from the 200-day EMA keeps a long-term bullish trend.
The MACD indicator shows a sharp recovery in the MACD and signal lines after the bullish crossover. Moreover, there is a rising trend in the bullish histogram despite the recent retracement.
The DMI indicator shows DI lines approaching each other to give a bullish crossover to reflect the trend reversal. Furthermore, the ADX line breaks below the 25% mark indicating a loss in momentum.
In conclusion, the technical indicators support the price action and suggest a possible bull run in the MANA prices shortly.
Upcoming Trend
The MANA technical analysis shows the coin price retesting the bullish breakout of the $2.45 mark and continues the uptrend with the price jump. Therefore, we can observe the price reaching the $3 mark.
Buyers at current prices can reach the $3 and $3.35 mark as the buying pressure grows with the recent successful retest of $2.45. On the opposite end, the support level below $2.45 is at $2.