Decentraland: MANA reaches a resistance zone, is it time to go short? - Aliens: AI Crypto News & Markets Updates
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Decentraland: MANA reaches a resistance zone, is it time to go short?

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AMB Crypto

Sat, May 14, 2022

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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.

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