Current Market Conditions
Market dynamics shift rapidly, and a few hours can make a meaningful difference. The information below reflects current market conditions and should not be interpreted as investment advice.
MANA trades around 0.1984 (-0.15%), showing bearish pressure on the 1-hour chart and bearish momentum across the 4-hour timeframe. The daily trend remains bearish, while the broader weekly structure is bearish.
Technical Analysis
Momentum indicators show RSI oversold, with RSI at 35.61, and the MACD suggesting continued bearish momentum. Volume has been low, confirming weak buying interest. Volatility (HV10 ≈ 45) signals potential for sharp moves.
Key Levels to Monitor
- •Support: 0.195, 0.19
- •Resistance: 0.205, 0.215
- •EMA Stack: EMA20 = 0.2516, EMA50 = 0.2831, EMA200 = 0.3001
Trading Strategy Considerations
For traders, the short-term setup favors a bearish strategy, with opportunities emerging if price holds above 0.1988 or rebounds from 0.190. A daily close beyond those zones would likely unlock momentum toward 0.215, while failure to defend support could invite a pullback to 0.185.
Broader Market Sentiment
Macro sentiment remains bearish, echoing trends across major cryptocurrencies like Bitcoin and Ethereum.
