The Metaverse token like MANA gained massive popularity among the crypto investors when Facebook announced its rebranding to ‘META.’ The technical outlook for MANA/USD indicates the overall trend remains bullish, and it looks likes the token price is doing a good job sustaining on the higher levels.
Key technical points:
The MANA token price breaks out from the Flag pattern pattern
The intraday trading volume in the MANA token is $5.3 Billion, indicating a 318.72% hike
Source- MANA/USD chart by Tradingview
The MANA token rally made a new All-Time high of $5 on October 30th. This surge was too much for the token, and to stabilize this growth; the token provided a minor retracement phase.
The MANA price plunged to the Fibonacci level of 0.618, which provided sufficient support for the token. Furthermore, the 20 EMA line also contributed as a good support level. These crucial EMA’s validates the token is under a strong uptrend.
The Relative Strength Index(71) value has also stabi