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

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Bitcoin Price Prediction – February 25 The Bitcoin price prediction bounces off the support at $38,016 and added more than $1000 to its current value. [...]

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U.S. cryptocurrency exchange Coinbase Global Inc said that it saw a surge in quarterly trading volumes with a jump of over 67% to $547 billion in the quarter ended December 31. (Read More)

New York-based Signal Intent has rebranded as Chimney. The company won Best of Show in its Finovate debut at FinovateSpring last year. The rebrand announcement accompanied news that Chimney had raised seed funding that “exceeded its investment goals.” Signal Intent, which won Best of Show in its Finovate debut at FinovateSpring 2021, has rebranded as Read more...

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In an earlier post, IBM industry expert Scott Campbell talked about how manufacturers are pursuing resiliency and Zero D to stop defects and improve products and service quality. In part two of our discussion, he discusses how mitigating rework can save millions and offers some insights on the value of creating citizen data scientists. Can […]

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Image source It's not to be missed: If you happen to have $280,000 to spare right now, you can buy a bored ape – and...

The Federal Reserve is still deciding whether or not to issue a central bank digital currency (CBDC), according to a statement from Lael Brainard, a Federal Reserve Board Governor. Brainard, a proponent of a federal backed digital dollar, that the Federal Reserve Board recently created a discussion paper outlining the Federal Reserve’s current stance on […]

The post Federal Reserve Still Undecided On US CBDC appeared first on Coin Bureau.

Bitcoin bulls face a number of headwinds, ranging from dwindling demand on-chain, to over 4.7M BTC held at an unrealized loss. In this edition, we explore this potential sell-side energy carried by underwater investors.