MANA Technical Analysis: Bullishness Grows Within Falling Channel

MANA price action shows a diagonal trend near the resistance trendline of the falling channel, projecting the increased chances of a breakout. Key technical points: The MANA market value deflated by 0.87% in the last 24 hours. The price action shows a consolidation phase near $1. The 24-hour trading volume of Decentraland is $371 Million, indicating a rise of 35.81%. Past Performance of MANA MANA price action displays a falling expanding channel as the downfall gains momentum during the last six weeks. Since its inception, the bearish pattern breaks the market value by 62% and breaks under the $1 mark. However, the lucrative buying spot at $0.67 drove the prices back to the resistance trendline. Source-Tradingview MANA Technical Analysis MANA price action shows a diagonally bearish fall near the resistance trendline displaying a bullish refusal to reverse. Hence, the weakness in the underlying bearishness is evident and displays increasing breakout potential. A cross-section that is bullish-oriented MACD and signal lines when the bullish trend grows indicate a possible buying opportunity. Furthermore, the bullish refusal to initiate the correction can cause VI lines within the Vortex indicator to connect with a crossover in the direction of bulls. The Stochastic RSI indicator shows a falling trend of the K and D lines representing a potential fall restarting the bear cycle, driving the market value under $1. Hence, the indicat...