{"id":498302,"date":"2022-08-10T15:25:38","date_gmt":"2022-08-10T15:25:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=498302"},"modified":"2022-08-10T13:31:28","modified_gmt":"2022-08-10T13:31:28","slug":"mana-bulls-may-outsmart-the-bears","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/mana-bulls-may-outsmart-the-bears\/","title":{"rendered":"MANA Bulls May Outsmart The Bears If They Stick To These Support Lines"},"content":{"rendered":"

Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA as observed on the hourly chart. Regardless, the token still trades the sideways horizontal range with $0.75 for support and $1.0 resistance.<\/span><\/p>\n

With the escalation seen on the hourly chart, trading volume has also spiked by 290% in the past couple of hours. Buyers saw a decline in MANA in triggered by the sell-off as it saw a decline to a 90-day low of $0.772 last May of 2022.<\/span><\/p>\n

Despite the aggregation seen on the sideways range in the past few days, speculators saw the formation of a rounding bottom pattern on the daily price chart. With that said, buying of the token has intensified which prompted the price action to form higher-highs.<\/span><\/p>\n

Related Reading: Decentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA<\/a><\/div>\n

MANA Price Currently Trades at $1.02; Drops by 2.36%<\/b><\/h2>\n

According to CoinMarketCap, MANA price is currently trading at $1.02 or a dip of 2.36%. Despite it being bullish, the market capitalization stays neutral at around $2 billion as seen in the past 24 hours. With the rise of MANA, speculators also saw a boost in trading volume by 290% in the past 24 hours but still the MANA\/BTC pair has dipped by 1.4%.<\/span><\/p>\n

The price of MANA may rally as buyers keep the momentum and price up or above 200 DMA as presented on the hourly charts. On the daily charts, the 20-day EMA remains to be pumping zone for many buyers because the bears can\u2019t intervene as long as they stick to the support lines.<\/span><\/p>\n

MANA Overbought, Needs to Attract New Buyers<\/b><\/h2>\n

RSI also continue to hover and breached bullish hurdle above the semi-line, moving towards the overbought zone. More so, the MACD indicator also pinpoints to an uptrend seen on a daily time frame. MANA is moving towards the resistance zone. So, even if the coin is regarded as extremely bullish, there is always the potential of the coin to rally above the resistance line of $1.5.<\/span><\/p>\n

After a bitter-sweet taste of uncertainty, the coin is now soaring high with some interference coming from the bears. Apparently, Bitcoin\u2019s price spike is a huge boost to MANA\u2019s uptrend movement as the king of crypto, which now trades above the 23k mark, supports and pushes the token.<\/span><\/p>\n

The rate of recovery shown by MANA may not be enough to boost investor confidence and the token may need to attract more new buyers to ensure full and continuous recovery.<\/span><\/p>\n

Related Reading: TRON (TRX) TVL Accelerates To Nearly $2 Billion Last Month<\/a><\/div>\n

<\/p>\n

MANA total market cap at $1.9 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
\n
Featured image from CoinCentral, Chart from TradingView.com<\/a><\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA as observed on the hourly chart. Regardless, the token still trades the sideways horizontal range with $0.75 for support and $1.0 resistance. With the escalation seen on the hourly chart, trading volume has also spiked by 290% in the past couple of hours. Buyers saw a decline in MANA in triggered by the sell-off as it saw a decline to a 90-day low of $0.772 last May of 2022. Despite the aggregation seen on the sideways range in the past few days, speculators saw the formation of a rounding bottom pattern on the daily price chart. With that said, buying of the token has intensified which prompted the price action to form higher-highs. Related Reading: Decentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA MANA Price Currently Trades at $1.02; Drops by 2.36% According to CoinMarketCap, MANA price is currently trading at $1.02 or a dip of 2.36%. Despite it being bullish, the market capitalization stays neutral at around $2 billion as seen in the past 24 hours. With the rise of MANA, speculators also saw a boost in trading volume by 290% in the past 24 hours but still the MANA\/BTC pair has dipped by 1.4%. The price of MANA may rally as buyers keep the momentum and price up or above 200 DMA as presented on the hourly charts. On the daily charts, the 20-day EMA remains to be pumping zone for many buyers because the bears can\u2019t intervene as long as they stick to the support lines. MANA Overbought, Needs to Attract New Buyers RSI also continue to hover and breached bullish hurdle above the semi-line, moving towards the overbought zone. More so, the MACD indicator also pinpoints to an uptrend seen on a daily time frame. MANA is moving towards the resistance zone. So, even if the coin is regarded as extremely bullish, there is always the potential of the coin to rally above the resistance line of $1.5. After a bitter-sweet taste of uncertainty, the coin is now soaring high with some interference coming from the bears. Apparently, Bitcoin\u2019s price spike is a huge boost to MANA\u2019s uptrend movement as the king of crypto, which now trades above the 23k mark, supports and pushes the token. The rate of recovery shown by MANA may not be enough to boost investor confidence and the token may need to attract more new buyers to ensure full and continuous recovery. Related Reading: TRON (TRX) TVL Accelerates To Nearly $2 Billion Last Month MANA total market cap at $1.9 billion on the daily chart | Source: TradingView.com Featured image from CoinCentral, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":498303,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,86567],"tags":[1144,11549,65296,8686,27141,86482],"class_list":["post-498302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-decentraland-mana","tag-btcusd","tag-decentraland","tag-ethbtc","tag-ethusd","tag-mana","tag-mana-price"],"acf":[],"yoast_head":"\nMANA Bulls May Outsmart The Bears If They Stick To These Support Lines<\/title>\n<meta name=\"description\" content=\"Decentraland (MANA) may appear bullish as seen in the past couple of 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MANA Bulls May Outsmart The Bears If They Stick To These Support Lines","url":"http:\/\/uniquehot.com\/news\/mana-bulls-may-outsmart-the-bears\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/mana-bulls-may-outsmart-the-bears\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/MANA-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/MANA-1.png?fit=753%2C376"},"articleSection":"MANA","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","decentraland","ethbtc","ethusd","mana","mana price"],"dateCreated":"2022-08-10T15:25:38Z","datePublished":"2022-08-10T15:25:38Z","dateModified":"2022-08-10T15:25:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MANA Bulls May Outsmart The Bears If They Stick To These Support Lines\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/mana-bulls-may-outsmart-the-bears\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/mana-bulls-may-outsmart-the-bears\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/MANA-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/MANA-1.png?fit=753%2C376\"},\"articleSection\":\"MANA\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"decentraland\",\"ethbtc\",\"ethusd\",\"mana\",\"mana price\"],\"dateCreated\":\"2022-08-10T15:25:38Z\",\"datePublished\":\"2022-08-10T15:25:38Z\",\"dateModified\":\"2022-08-10T15:25:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/MANA-1.png?fit=753%2C376","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/498302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=498302"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/498302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/498303"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=498302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=498302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=498302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}