$MANA
/USDT Technical Analysis:🎯🎯🎯🚀🚀🚀
Current Price: $0.5946
Trend: Bearish (down by -3.46% in the last 24 hours)
Key Levels:
Support: $0.5772 (strong buying interest around this level)
Resistance: $0.6178 (potential resistance, watch for reversals)
Range: $0.5791 - $0.6231
Trade Signal:
Bearish Momentum: Price has been consistently near the lower end of the range, signaling potential continued downside pressure.
Recommendation: Consider a short position if price fails to break above $0.6178.
Targets:
1. Target 1: $0.5772 (primary support zone)
2. Target 2: $0.5640 (next support level)
3. Target 3: $0.5500 (stronger support level)
Trade Momentum:
The recent dip indicates bearish momentum, with the potential for price to continue downward, especially if it holds below $0.5900.
Look for possible reversal signs (e.g., price rejecting resistance at $0.6178) if considering a buy entry at lower levels.