MANA Technical Analysis: Raging Bulls Challenge $3.4 Level

The MANA coin price gives a successful reversal from the $2.80 support level resulting in a colossal morning star pattern. Moreover, the price breaks above the $3.25 mark and continues to head higher. However, the sellers at $3.5 can bring an early influence resulting in a reversal. Should you trust the bullish rage? Key technical points: The coin price breaks above the $3.25 mark. The Stochastic RSI indicator gives a bullish crossover. The 24-hour trading volume in the Decentraland token is $1.17 Billion, indicating a 120% rise. Past Performance of MANA MANA coin price trades at $3.27 with a price jump of 10.08% in the last 24 hours, resulting in a bullish engulfing candlestick that gives a breakout above $3.25. The recent bullish growth undermines the correction faced in the past week. Therefore, the sudden increase in the bullish trend momentum hints at a bull run further to the $4 mark. Source-Tradingview MANA Technical Analysis The MANA coin price finds a huge demand as it retests the bullish breakout of the cup and handle pattern in the daily chart. As mentioned in our previous article, retracement had been the best entry opportunity. The governance coin of Decentralad price breaks above the crucial 50-day EMA with the sudden rise in underlying bullishness. Therefore, the bullish alignment of the 50,100, and 200-day EMAs trend reflects an extreme growth in trend momentum. The RSI Indicator shows a sudden rise in the buyi...