The metaverse tokens were one of the highest gainers of the early 2023 recovery rally. As a result, the Decentraland token(MANA) witnessed a significant inflow and triggered a U-shaped recovery from the low of $0.287. Furthermore, the MANA has soared 136% since January 1st and currently challenges a multi-month resistance of $0.73. Is it safe to buy now?
Key points:
A Doji-type candle formation at $0.73 projects an intense supply pressure from above.
The potential pullback can tumble the MANA price by 14-22%
The 24-hour trading volume in the Decentraland token is $1.13 Billion, indicating a 132% rise.
Source-Tradingview
During the recent recovery, the MANA coin price breached multiple resistances to sustain the higher levels of the price chart. Moreover, the steady growth in volume activity is accentuated by the buyers’ commitment to maintaining a steady rally.
However, in the last two days, the MANA price has shown higher price rejection at the $0.73 resistance, suggesting the bul
We współpracy z: https://coingape.com/markets/know-why-mana-price-is-threatened-for-22-drop-before-the-next-bull-cycle/
