Will MANA Hold The Line? Key Trendline Retest Could Lead To An Upsurge

Quick Summary:

With the price hovering near a crucial support level, market watchers are keen to see whether MANA will hold the line and spark a bullish reversal.  A successful defense of this trendline could trigger an upsurge, propelling the cryptocurrency to new highs.

Market Sentiment: Are Bulls Ready To Take Charge?   MANA’s price is currently trading below the 100-day Simple Moving Average (SMA) on the 4-hour chart, with a clear attempt to retest bearish territory.

We will explore the technical factors at play, assess key support and resistance levels, and consider the market sentiment driving this pivotal moment, providing traders and investors with insights into whether MANA is poised for a breakout or if a reversal is on the horizon.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: MANA Simple Moving Average SMA Decentraland MANAUSDT Relative Strength Index MANAUSD RSI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-31 @ 22:00:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22314609

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 3 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 20 hours ago

Coverage Areas: United Kingdom

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