CryptoSignals News
Join our Telegram

MANA/USDT Rebounds from $0.22 Low, Eyes Key Resistance at $0.28

Estimated Reading Time: 2 minutes

Article Rating:
Based on 1 vote
Login to rate this article.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

MANA/USDT Rebounds from $0.22 Low, Eyes Key Resistance at $0.28

MANA/USDT – MANA’s Resilience at Major Support Suggests Accumulation Interest

Decentraland is showing early signs of price stabilization after suffering a sharp selloff earlier this week. The token trades near $0.2734, up roughly 3.3% on the day, recovering gradually from the recent drop toward $0.2239.

MANAUSDT Key Zones

Support Zones: $0.2239, $0.1940
Resistance Zones: $0.2810, $0.3263

COINBASE:MANAUSD Chart Image by Gaint-writer

On the daily chart, MANA remains locked within a wide horizontal range between the $0.22 support base and resistance near $0.32. The rebound that followed the oversold dip suggests a short-term reversal attempt, though the pair remains below major structural resistance at $0.2810.

The Momentum indicator still registers slight negative reading at –0.072, confirming that wider market energy has yet to flip decisively in favor of buyers. Similarly, the Percentage Price Oscillator (PPO) comes in at –1.34, but the narrowing gap between signal and histogram lines shows selling pressure subsiding.

For buyers to confirm a sustainable shift in momentum, MANA needs a daily close above $0.2810 with improving volume. Failure to do so could stall recovery and risk renewed testing of $0.22 support.

COINBASE:MANAUSD Chart Image by Gaint-writer

Market Expectation

On the 4-hour time frame, MANA/USDT shows a steady climb from the recent floor at $0.2239, trading now around $0.2732. This recovery aligns with a mild bullish shift on lower indicators. The Momentum reading has turned positive at 0.036, indicating renewed intraday drive. Meanwhile, the PPO has crossed higher from –5.41 toward –3.56, hinting at increasing short-term buyer influence.

You can purchase Lucky Block here.  Buy LBLOCK

Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Recent News

March 23, 2024

Chainlink’s Price Corrects Higher but Pauses Above $18

Chainlink (LINK) Long-Term Analysis: BearishChainlink’s (LINK) price has fallen below the moving average lines but pauses above $18. The altcoin declined below the moving average lines. On March 19, the LINK price surpassed the $16 support level as bulls purchased the dips. This is the second...
Read More
June 29, 2023

Binance Faces Regulatory Roadblocks in Germany

Leading the pack in the world of cryptocurrencies, Binance has hit a speed bump on its journey to “conquer” Europe. The German regulator, BaFin, has taken the wind out of Binance’s sails by denying the company’s application for a crypto custody license. It’s a blow that has left B...
Read More
November 23, 2024

Tamadoge (TAMA/USD): Bulls Sustain Momentum Above $0.0015

After recently establishing a higher support level above the $0.001 price mark, the TAMA/USD market has experienced increased upside volatility. This volatility propelled the market to test a higher price level, reaching $0.0023. Following this peak, the market retraced slightly, finding a higher s...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram