MANA, a specialized cryptocurrency, used in a virtual reality game called Decentraland. It is the first blockchain-based virtual game to be completely owned by its users. MANA is the non-fungible native token used for in-game purchases. Past Performance Of MANA The opening price of MANA, as of March 3, 2021, was $0.28. As of March 7, 2021, MANA closed at $0.40. The MANA price has soared by approximately 43% in the last 5 days. In the past 24 hours, the MANA price is fluctuating within the range of $0.40 – $0.48. https://ift.tt/3elgLTZ Day-Ahead and Tomorrow MANA started trading at $0.40 today morning. Currently, it is trading at $0.45. Thus, the price has risen since morning and the market looks healthy. The MACD and signal lines are positive. A bullish crossover by the MACD line over the signal line further points towards a bullish price trend. Hence, we can expect the price to rise further. The OBV indicator is upward sloping. Thus, buying volumes have surpassed selling volumes in the MANA market. High buying activity will exert upward pressure on the MANA price. An hour back, the RSI indicator was in the ‘oversold’ region. Thereafter, it started rallying and is currently at 48%. The RSI faced a bearish swing rejection at 65%. Thus, sell-offs are steadily increasing. However, the overall market momentum looks positive. We can expect intermittent price pullbacks. MANA Price Analysis Currently, the price is adobe the Fibonacci pivot point of $0.43. By the end of the day, we can expect the price to breach the subsequent Fibonacci pivot resistance levels of $0.45 and $0.47 respectively. The price has tested and fallen below the 23.6% and 38.2% FIB retracement levels of $0.46 and $0.45 respectively. However, this price setback is temporary as bulls are strong. The price is expected to retest and break out of the above FIB retracement levels by the end of the day. The positive trend will probably continue tomorrow as well.
The post MANA Price to Breach Levels of $0.45 and $0.47-Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
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