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NewsBTC 2022-08-08 16:00:17

Decentraland Blooms In Green In Last 4 Days; Boosts Traders’ Appetite In MANA

Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse the previous month’s coma state. MANA price currently faces incrementing supply pressure coming from the resistance spotted at $1.1. MANA’s intraday trading volume is at $247.9 Million, showing a loss of 27%. Related Reading: Dogecoin Unseated From No. 10 Spot In Rankings – Can DOGE Stay Relevant? Chart from MANA/USDT Shows Upbeat Reversal Pattern The MANA/USDT daily chart shows the formation of a rounding bottom pattern. Earlier, the chart revealed a bullish reversal pattern that has set off the two stages with a downfall trend from May to June followed by consolidation as the coin rallied. Technically, MANA was meant to breach the resistance zone of $1.1 and push the coin to hit $1.36. On July 13, MANA’s price bounced back from its bottom support of $0.75 and soared by 44.61% in a month’s time. With today’s chart showing a price pump of 0.88%, buyers tried to end this with a bull run. But, the daily candlestick that closed hovering above the resistance of $1.1 will need to validate the breakout. The rally may prompt the price of MANA to increase by 26.2% to a resistance of $1.36. Decentraland (MANA) Targets Next ...

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