In less than a week, the MANA coin price chart shows a 20% downfall resulting in the fallout of the crucial $3 mark. Moreover, the increased trend momentum and the increasing number of bearish signals indicate a rising possibility of a downtrend. Is this the time to sell? Key technical points: The selling pressure breaks the 50 and 100-day EMA The MACD indicator gives a bearish crossover The 24-hour trading volume in the Decentraland token is $558 Million, indicating a 15% rise. Past Performance of MANA MANA coin price trades at $2.76 with a downfall of 4.46% in the past 24 hours resulting in the fallout of $2.80 horizontal level. Moreover, the downfall breaks the 50 and 100-day EMAs. In the past week, the downfall accounts for more than 20% resulting in multiple bearish engulfing candles in the daily chart. This sudden fall indicates a sharp rise in trend momentum. Source-Tradingview MANA Technical Analysis The rejection from the $3.5 resistance zone pushes the MANA prices lower resulting in the fallout of $3. Hence, the 20% downfall last week creates havoc in the minds of investors. The fallout of 50 and 100-day EMAs drive the prices lower to the 200-day EMA. Moreover, the falling trend in the 50 and 100-day EMA might shortly give a bearish crossover. The MACD indicator shows the fast and slow lines struggling to sustain above zero line mark as it gives a bearish crossover. Hence, the indicator suggests a bearish continuatio...
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