MANA Technical Analysis: Retest Aims To Reach $3

The MANA coin price retests the bullish breakout of the $2.45 horizontal level and continues the bullish trend. Will the trend reach $3? Decentraland is designed for companies, creators of content, and individuals seeking a fresh artistic medium, business opportunity or a source of entertainment. Decentraland is also among the many projects using an autonomous decentralized organization (DAO) structure to govern decisions. Let us move ahead to read about MANA technical analysis. Past Performance of MANA The MANA coin price action shows a bullish recovery from the $2.45 mark resulting in a 6.50% gain in the past day. However, the price struggles to rise above the 100-day EMA and might show some reversal later in the daily chart. Nonetheless, the increased trend momentum might shortly give buyers a breakout entry opportunity. MANA/USD Daily Chart MANA Technical Analysis The MANA coin price action retests the bullish breakout of the $2.45 mark and shows a quick bullish reversal to restart the uptrend. However, the selling pressure of the slow crypto market keeps the possibility of a bearish takeover alive. The crucial Exponential Moving averages shows a bullish alignment as the price struggles to rise above the 100-day EMA. Therefore, the short and medium-term trend remains bearish, however, the support from the 200-day EMA keeps a long-term bullish trend. The MACD indicator shows a sharp recovery in the MACD and signal lines aft...