$MANA
: Testing Critical Support – Potential Reversal or Continuation?
$MANA is currently trading at $0.5581, following a sharp rejection from $0.5754 that erased earlier gains and pushed the price toward critical support at $0.5545. The 15-minute chart indicates increasing selling pressure, with the Relative Strength Index (RSI) at a deeply oversold level of 22, suggesting potential exhaustion among sellers. If MANA can hold above this support, a rebound may occur, presenting a chance for recovery. However, a breakdown below $0.5545 could accelerate bearish momentum, leading to further declines. Traders should closely monitor price action near this support zone, as it will determine whether a reversal or continued downward movement takes place.
