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CoinGape
2022-02-27 00:02:23

MANA price analysis: Retest To Double Top Pattern Breakout Suggests 25% Downside Risk

MANA price analysis: Retest To Double Top Pattern Breakout Suggests 25% Downside Risk

The shared support of $2.42 and the 200-day SMA prevented the extending loss in Decentraland (MANA) price. On February 24th, the 15% long-tail rejection on this support indicates intense demand pressure. The following rally struggles at the immediate resistance of $2.8, suggesting a downtrend continuation. Key technical points: The MANA chart shows a shooting star The post MANA price analysis: Retest To Double Top Pattern Breakout Suggests 25% Downside Risk  appeared first on CoinGape.

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