MANA stuck in a pronounced downtrend but can buyers show strength to recover - Aliens: AI Crypto News & Markets Updates

Feed

News

Live News

About

Advertise

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

MANA stuck in a pronounced downtrend but can buyers show strength to recover

PublisherPublisher
AMB Crypto

Fri, Jan 14, 2022

Banner

Aliens TLDR

Decentraland has trended downward on the daily chart since its surge to $5.2 in late November, a time period of six weeks.

However, in the month of January, the price has closed beneath the $3.1 level multiple times and tested it as a level of resistance a couple of days prior to press time.

The $2.43 level was the next significant support level, with the $2.2 area (cyan) being an area where demand could step in.

This bullish divergence saw the price bounce and retest the former support level as resistance.

The trendline resistance was unbroken and sellers were driving the prices lower in search of significant liquidity.

This meant that Decentraland was likely to see a quick move to the next significant level of support

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Bitcoin and Ethereum Struggle, ADA and AXS Surge

Bitcoin price is struggling to settle above USD 43,500. Ethereum is consolidating near USD 3,300, XRP is below USD 0.80. ADA gained over 9%, and AXS is showing positive signs.
Cryptonews
·

6h

bitcoin

Recommended Stories

Article

Bitcoin and Ethereum Struggle, ADA and AXS Surge

Article

Walmart filings reveal plans to create cryptocurrency, NFTs

Article

Walmart is getting serious about the metaverse

Article

OpenSea’s this policy will not stop hackers but will only hurt users

Article

The Coming Crisis in the Decentralized Lending Market

Article

Tron, Cosmos, Fantom Price Analysis: 16 January

Article

Decentraland, SAND, Axie Infinity price Analysis: 16 January

Article

Crypto scam sites continue to draw Indians in droves

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise