MANA Technical Analysis: Potential for a 200%+ Rally!

9 jul

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

After a heavy 68% drop, MANA has finally reached the lower support level and is currently showing a rebound.

The lower support line has remained strong for MANA since December 2022, and so far, it has respected the support trendline. If MANA follows the uptrend and breaks above the 21 EMA, then a bullish rally is likely possible.

- Lower Support: $0.243 to $0.29
- Primary Resistance: $0.401
- Target: $0.766
- RSI: Oversold
- Invalidation Point: A breakdown below the supporting trendline.

DYOR, NFA.

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