Decentraland MANA Cover sWs5Mq

Decentraland Price Analysis: Double Top Pattern Fallout Hints At A 13.5% Downside Risk

The current correction phase has tumbled the Decentraland (MANA) price by 24.2% from the February 9th high($3.45). Moreover, the fallout from the double top pattern bolsters the sellers to dump the coin even lower. Will sellers continue their dominance or buyers will have a comeback opportunity?
Key technical points:

The 200-day DMA maintains the bullish trend in MANA
MANA price formed five consecutive red candles, indicating an 18% fall
The 24-hour trading volume in the Decentraland is $615 Million, indicating an 12% rise. 

Source-Tradingview
On February 15th, the MANA price bounced back from the $2.81 support by completing morning star cable. The bullish candle indicated a 17.5% intraday and reached the $3.4 mark. However, the sellers immediately rejected the price and plunged it to $2.8.
The coin chart showed a double top pattern in the daily time frame chart, with the neckline as $2.8. Amid the ongoing sell-off in the crypto market, the MANA sellers pulled the price below this,

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We współpracy z: https://coingape.com/markets/decentraland-price-analysis-double-top-hints-13-5-downside-risk/

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