MANA Technical Analysis: Bullish EMAs Ready To Reverse The Downfall MANA coin price faces the wrath of the sellers as the post-retest rally fails to continue the uptrend. Will the bulls go underground again? The MANA coin price shows an early reversal in-between the rally to reach the $3.6 resistance zone. The price retraces 8% from $3.35 as the entire crypto market corrects overnight. Will the retracement result in the $3 fallout? Key technical points: The coin price fails to reach the $3.6 zone. The market price is above the 50-day EMA. The 24-hour trading volume in the Decentraland token is $1.26 Billion, indicating a 10% rise. Past Performance of MANA With the entire market retracing to retest previous levels, MANA coin price cushions the fall significantly better than the other Meta tokens. With Enjin and SandBox tokens retracing almost 10% overnight, the market price of the governance token sustains above the 50-day EMA. The reversal from the $3.35 mark pushes the coin price lower to the $3 mark, resulting in an evening star pattern in the MANA/USD chart. However, the price action hints at a bearish continuation to the 50-day EMA. Source-Tradingview MANA Technical Analysis The MANA coin price action fails to continue the post-retest rally of the cup and handle breakout and struggles to avoid the $3 fallout. The sideways movement of the crucial 50,100, and 200-day EMAs maintain a bullish alignment in the MANA/USD daily ch...
