Despite the weak reaction of buyers throughout the MANA fall wave from November 2021, the situation on the weekly timeframe is not so bad. Despite the MANA fall by about 80% since November, sellers have not been able to update the local lows from May to June 2021. Moreover, after setting a new local low on 9 May, sellers do not have enough strength to at least repeat the previous result. Source: https://www.tradingview.com/x/2sOHXBq1/ The weekly chart shows that the MANA price is starting to unfold from the $0.76 mark. This mark does not carry any strategic value but only speaks of the weakness of sellers and the need for correction. If buyers manage to take control of the $0.96 mark, we will expect MANA volatile rebound to the $1.34 mark. But, in our opinion, this mark will be the starting point of the MANA price of the main range, where it is worth buying in the long run. This is the $0.5 mark range. It was after testing this range for 3 months that the MANA price rose by more than 1000%, setting a historical high of $5.9. MANA Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/Wr98Oxu5/ Analyzing the MANA price movement on the daily timeframe, we can see a large resistance from buyers in the range of $0.74. Pay attention to the trading volumes in this range. Initially, on 11-12 May, large buyers could not stay below this range. After such an unsuccessful attack, buyers had a brilliant rebound of...
Will Ethereum Price crash More Next week??
