With a falling wedge in the MANA price action, the meta token is ready for a breakout run in the daily chart. Concluding the downtrend with a lateral shift, the underlying positivity is increasing.
MANA-Price-Analysis-21-aug-2024-1024x485.png
Similar to GALA, the technical indicators, MACD, and DMI lines give bullish signals. Successively, the MACD and signal line, and the VI lines are ready for a positive crossover.
Currently, the MANA price is trading at $0.2729 with an intraday gain of 1.30%, forming a bullish candle.
Based on the Fibonacci levels, the breakout can challenge the 23.60% Fibonacci level at $0.3774 and the 50% level at $0.5163. On the downside, a slip under $0.25 will nullify the trend reversal opportunity for this Metaverse coin.
With a falling wedge in the MANA price action,
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MANA
0,2749
+1.32%
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