technical analysis for $MANA /USDT with three target levels and trade momentum:
Current Price: $0.7154
24h High: $0.7179
24h Low: $0.6264
Support and Resistance Levels:
Immediate Support: $0.63 (strong support level after 24h low)
Immediate Resistance: $0.72 (near 24h high)
Key Indicators:
RSI (Relative Strength Index): Currently around 55, indicating neutral momentum, but potential for upward movement.
MACD (Moving Average Convergence Divergence): Shows a slightly bearish crossover, suggesting a short-term decline before a potential rally.
Volume: 86.09M MANA, showing relatively healthy market interest.
Trade Signals & Targets:
1. Entry Point: $0.7150 - $0.72
If the price holds steady around $0.7150 or breaks above $0.72, consider entering with a bullish sentiment.
2. Target Levels:
Target 1 (T1): $0.76
This is a key resistance zone where price may face some challenges.
Target 2 (T2): $0.80
Another significant resistance level where potential reversal can occur.
Target 3 (T3): $0.85
A higher resistance level for long-term bullish positions.
3. Stop-Loss: $0.63
If the price falls below this support, it could indicate a bearish reversal, making this an ideal stop-loss level.
Momentum:
Short-Term Momentum: Bearish, considering the MACD crossover and current trading action.
Medium-Term Momentum: Neutral to bullish, as the RSI is not in an overbought or oversold zone.
Long-Term Momentum: Bullish, if the price sustains above $0.72 and continues towards $0.80+.
Summary:
Buy Range: $0.7150 - $0.72
Targets: $0.76, $0.80, $0.85
Stop-Loss: $0.63
Momentum: Neutral to bullish with a possible short-term dip.