MANA is a token that powers a virtual reality platform called Decentraland. MANA is an in-game token that can be used to buy plots of land and goods and services within the virtual reality space. The MANA technical analysis is as follows: Past Performance On June 10, 2021, MANA started trading at $0.74. As of June 10, 2021, the closing price of MANA was $0.71. Thus, in the past week, the price has surged by roughly 4.54%. In the last 24 hours, MANA has traded between $0.68 – $0.75. https://ift.tt/3wyqVqP Day Ahead And Tomorrow Currently, MANA is trading at $0.72. The price has increased slightly from the opening price of $0.70. Thus, the market looks positive. The MACD and signal lines are negative. However, a bullish crossover by the signal line over the MACD line has occurred. Thus, the overall market momentum is bullish, and we can expect a price to rise. However, both the lines are close to the zero lines and may change signs soon. Thus, a trend reversal is on the horizon. The OBV indicator is gradually falling. Thus, selling volumes are higher than buying volumes. Hence, we can expect the MANA price to decrease. The RSI indicator is at 44.46%. It has just rallied from the 34.90% mark. Thus, buying pressures are slowly mounting. Hence, we can expect the price to start rising again in a few hours. MANA Technical Analysis The price has fallen below the Fibonacci pivot point of $0.79. As some of the oscillators have shown bearish signals, we can expect the price to fall below the first Fibonacci pivot support level of $0.65 soon. The price has tested and fallen below the 23.6% FIB retracement level of $0.80. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.
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