Sat, May 14, 2022
Aliens TLDR
However, this rally might be near its end, and rejection at a resistance zone could occur over the next day or two for the crypto asset.
The $1.25-$1.35 area (red box) is a higher time frame zone of supply for MANA, which had acted as a demand zone earlier this month.
Even though MANA has seen a huge rally in the past couple of days, its longer-term market structure remains bearish.
On the lower timeframes, there is strong evidence that heavy buying volume drove MANA to the $1.3 zone.
The indicators showed strong bullish momentum and demand behind MANA, but a bearish divergence also suggested that a pullback could occur.
Everything happening in the crypto world, in real time
Recommended Stories