MANA prices take a bullish turnaround from $0.70 to reach the psychological mark of $1. Will the recovery rally turn into a breakout rally? Key technical points: The MANA market price has increased by 30% over the past seven days. The price action shows a rounding bottom pattern with a neckline at $1. The 24-hour trading volume of Decentraland is $323 Million, indicating a hike of 14.46%. Past Performance of MANA MANA price action shows a correction phase continuation after the sharp V-shaped reversal from $0.70. The bearish retracement fails to beat the buyers at $0.70, resulting in another turnaround, this time beating the resistance trendline. Moreover, the reversal action forms a rounding bottom pattern with the neckline at $1, Source- Tradingview MANA Technical Analysis MANA prices grew by 35% during the recovery rally but showcased a lack of bullish commitment, evident by the weak trading volume figures. Hence, traders hoping for a breakout rally must wait for a price action confirmation. The DMI indicator shows the DI lines struggling to sustain the bullish alignment after the recent crossover as the +DI line takes a bearish setback. Moreover, the falling ADX line represents the bullish failure to increase the trend momentum. The RSI indicator shows a gradually rising uptrend crossing the halfway line to approach the overbought boundary. The MACD indicator shows a positive trend in the fast and slow lines, finds no diff...
