MANA Technical Analysis: 200-day EMA Avoids $2.5 Fallout

The MANA coin price avoids a closing below the psychological support of $2.5 with the help of the 200-day EMA, as it propels the prices higher. The MANA coin price shows a halt in the symmetrical triangle pattern’s bearish breakout trend. The downtrend halts near the 200-day EMA and propels the price higher to reach the $2.65 mark. However, the retracement may come as a retest of the triangle breakout and warns of a reversal. Key technical points: MANA coin price sustains above the $2.50 mark. The MACD and signal lines give a bearish crossover. The 24-hour trading volume in the Decentraland token is $960 Million, indicating a 36.90% fall. Past Performance of MANA With the MANA coin price sustaining above the 200-day EMA and the psychological support $2.5, the post-breakout downtrend comes at a halt. The reversal from $2.5 reinforces the bullish powers and hints of a rally above $2.85. Moreover, the higher price rejection observed on 21st February marks a crucial rejection from the 50-day EMA, indicating high selling pressure. Source-Tradingview MANA Technical Analysis The MANA coin price creates a bullish inside candle after the bearish candle of 7.80%. Hence, if the prices give closing above $2.70, a bullish signal will be generated. The crucial 50, 100, and 200-day EMAs showcase a sideways trend with increasing chances of a bearish crossover of 50 and 100-day EMA. Moreover, the high selling pressure moving with the 50-day EM...