As per recent news, Atari is all set to build a virtual casino within Decentraland. This has led to a massive surge in the price of Decentraland’s custom token MANA, in the past few days. Past Performance On March 8, 2021, MANA opened at $0.403. As of March 14, 2021, MANA closed at $1.016. In the past week, the MANA price has soared by a whopping 152%. In the last 24 hours, MANA has traded between $0.99 – $1.142. https://ift.tt/2Q0g3Bz Day-Ahead and Tomorrow Currently, MANA is trading at $1.072. The price has surged from the opening price of $1.052. Thus, the market seems positive. The MACD and signal lines are negative. Thus, the market momentum is presently bearish. A bearish crossover by the MACD line over the signal line is indicative of a price pullback. Thus, the MANA price is likely to dip for some time. At present, the RSI indicator is at 34%. It has just rallied from the ‘oversold’ region. It is a good time for intraday traders to go long. As selling pressures are high, we can expect an intermittent price pullback amidst a bullish price trend. The A/D indicator is upward sloping. Thus, whale accumulations are higher than distributions. There is a positive divergence here. Thus, the price pullback is temporary. Price corrections are occurring in the MANA market and the price will resume its upward journey after a brief price drop. Currently, the MANA price is above the Fibonacci pivot point of $1.049. By the end of the day, we can expect the price to go past the subsequent resistance levels of $1.107 and $1.143 respectively, after temporary price adjustments. MANA Price Analysis The price has broken out of the 50% FIB retracement level of $1.066. It will break out of the 38.2% FIB retracement level of $1.083, in a few hours, as the bulls are pretty strong. To sum up, the MANA price is on an uptrend but intermittent price pullbacks cannot be ruled out. We can expect the price upswing to continue tomorrow as well.
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