The Metaverse tokens are on the run again. Some of the key news that caught the attention of the crypto investors was ‘bytedance,’ which is the parent company of TikTok, entering into the Metaverse ecosystem. Moreover, the Token’s.com subsidiary ‘Metagroup’ bought a plot of virtual real estate on Decentraland worth $2.4 million. The MANA token has surged around 28.4% in its intraday session.
Key technical points:
The MANA token price obtains dynamic support from the 20-day EMA line
The daily RSI chart line is struggling to keep up with the token’s price action
The intraday trading volume in the MANA token is $6.9 Billion, indicating a 63.4% gain
Source- MANA/USD chart by Tradingview
As mentioned in my previous article on MANA/USD, the token price bounced back from 0.618 Fibonacci retracement level to continue its rally. In this recovery phase, the token provided a great entry opportunity when the price breached the neckline of the Cup and Handle Pattern in the 4-hour tim
We współpracy z: https://coingape.com/decentraland-price-analysis-the-mana-token-breached-the-all-time-high-of-5-when-can-you-buy/
