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MANA Technical Analysis: Buyers Struggle To Recreate Bullish Cycle

MANA Technical Analysis: Falling Channel Continues to Insert Bearish Influence

MANA coin price shows a bullish reversal from $2.45 and creates a symmetrical triangle pattern as the rally approaches the long-coming resistance trendline.  The MANA coin price shows lower price rejection from the $2.5 mark, resulting in a support trendline and a symmetrical triangle pattern. However, the bull cycle struggles to outshine the sellers at $2.85, which questions the possibility of a bullish rally approaching the resistance trendline? Key technical points: MANA price action creates a morning star pattern The Stochastic RSI shows a bullish crossover in the daily chart The 24-hour trading volume in the MANA token is $1.02 Billion, indicating a 30% fall.  Past Performance of MANA With the recent rejection from the long-coming resistance trendline, the MANA coin price retraces 25% to the $2.5 mark. However, the bulls resurface to hold the $2.5 level and bring a short reversal. This generates a weak support trendline that completes a symmetrical triangle pattern in the daily chart.  Source-Tradingview MANA Technical Analysis  The MANA coin price shows a bullish reversal within a triangle pattern but struggles to overcome the $2.85 barrier. Hence, a selling opportunity with the breakout of support trendline is possible.  The MANA price shows a higher price rejection from the 50-day EMA and falls below the 100-day EMA. Hence, a retracement to the 200-day EMA is possible, which will break below the support trendline. After the bullish crossover in the oversold territory, the Stochastic RSI indicator shows sharp linear growth in the K and D lines. However, the lines must overcome the previous failed bullish cycle peak to generate a bullish signal. The RSI Indicator slope shows a gradual rise that struggles to surpass the halfway mark after the sharp fall from the overbought zone. Moreover, the RSI slope fails to reach the 14-day average.  In short, the MANA technical analysis shows a weak bullish reversal that may shortly break below the support trendline.  Upcoming Trend The MANA coin price struggles to surpass the $2.85 mark and fails to withstand the selling pressure resulting in the long wick formation. Hence, the bears are resurfacing after the 5.83% overnight growth. That is why sellers can shortly find a trendline breakout entry with the target of $2.40. Support Levels: $2.50 and $2.40 Resistance Levels: $2.85 and $3

The post MANA Technical Analysis: Buyers Struggle To Recreate Bullish Cycle appeared first on Cryptoknowmics-Crypto News and Media Platform.

Pantera Capital Explains Why Bitcoin Could Rally Soon

"Tax Day" and the consequences of the Fed's policies could boost bitcoin's price in the near future, Pantera Capital forecasted.

Ethereum Struggles Below $2,700 High, Ready For Upward Momentum

Ethereum price (ETH) is in the lower area of the chart after the price fell to the low of $2,306. The Ether price corrected upwards, but the uptrend got stuck at the high of $2,740.

5 Best Dogecoin Influencers to Follow

Dogecoin was the world’s first memecoin and since its launch, it has developed into a decent crypto coin with its own awesome community. We all know that the biggest DOGE influencer is Elon Musk, but what about not-so-famous contributors to the Dogecoin family? Let’s find out! Table of contents Dogecoin… the one and only 5 […]

The post 5 Best Dogecoin Influencers to Follow first appeared on CoinRabbit.

Experts weigh in on how vulnerable Bitcoin actually is

Bitcoin has suffered a lot over the past two weeks. It traded in the red early on 23 February thanks to the uncertainty around the Russia-Ukraine crisis. Russia’s actions towards Ukraine have prompted the United States and Europe to vow sanctions. This has cast a long shadow over global markets, including cryptocurrencies. In fact, as […]

Litecoin Plunges to an Oversold Region as It Rebounds above $100 Low

The price of Litecoin (LTC) has fallen below the moving averages as it fell to a low of $102. The bulls' attempt to keep the price above the moving averages failed as the altcoin experienced two rejections at the recent high.

Here’s What ‘Cyberpunk 2077’ Looks Like in VR, SteamVR Mod Coming Soon

Cyberpunk 2077 doesn’t officially support VR headsets, but leave it to prolific VR modder Luke Ross to get under the hood and beat CD Projekt Red to the punch—one they haven’t exactly prioritized given the litany of bugs the studio has needed to fix since launch. Now Ross released some gameplay video showing off the soon-to-release […]

The post Here’s What ‘Cyberpunk 2077’ Looks Like in VR, SteamVR Mod Coming Soon appeared first on Road to VR.

‘Coin days destroyed’ spike hinting at BTC price bottom? 5 things to watch in Bitcoin this week

Large and smaller hodlers alike are seizing the chance to stack, figures show, as on-chain data hints that the bottom is in at $38,000.

Alpine F1 team partners Binance to launch Alpine fan token

Alpine Formula One team and Binance have revealed a new collaboration that co-joined Alpine F1 team with the Binance Fan Token platform.

Coinpresso to invest in Ruby Play Network strategic round

Blockchain gaming platform – the Ruby Play Network – has today gained another institutional backer in the form of leading SEO & crypto marketing firm, Coinpresso. The crypto marketers have reportedly invested a considerable $100,000 into Ruby Play Network as a strategic partner. The partnership comes into immediate effect, with the meticulously-planned tokenization of the […]

Chainlink Resumes Downward Correction, Risks Further Selling Pressure

Chainlink (LINK) resumed its downward correction after bulls failed to keep it above the $19 high. On February 7, the bulls broke through resistance at $18 including the 21-day moving average line.

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Trading volume, tools, altcoins, regulated DeFi and security solutions will continue to shape the institutional crypto market.

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