The 1-hour chart for MANA/USDT shows the price currently trading around $0.2687. The price has been moving below the 200-period moving average, which is acting as a significant resistance level and indicating a bearish trend.
RSI: The RSI is at 63.71, suggesting a slightly bullish sentiment, but still below the overbought territory, indicating potential for further upside if momentum continues.MACD: The MACD shows a minor bullish crossover, with the histogram displaying slight positive momentum, suggesting the possibility of a short-term upward move.
Resistance: Immediate resistance is around $0.2729, marked by the 200-period moving average, followed by a stronger resistance around $0.3000.Support: Immediate support is at $0.2600, with a stronger support around $0.2400.
Bullish: A break above $0.2729 could lead to a push towards $0.3000, especially if buying momentum increases.
Bearish: If the price fails to break above $0.2729, a pullback towards $0.2600 or even $0.2400 is possible, particularly if selling pressure intensifies.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
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