MANA Technical Analysis: What Conditions Are Needed To Grow To $4.25

The correction in the cryptocurrency market has been going on for 4 months now and MANA is no exception. Of course, the big difference between the MANA cryptocurrency and other coins is its historical high update in November 2021. Few cryptocurrencies were able to repeat for MANA such a feat. Such great interest is noticeable in the current correction. Despite the high volatility of MANA in the weekly timeframe, sellers are unable to organize a powerful fall wave without deep rebounds. However, while the $3.57 mark is under control, it is impossible to talk about a change of initiative in the market. https://www.tradingview.com/x/zg0WMQyM/ Starting from June 2021, the MANA price was supported by buyers through a trend line. The maintenance of this trend line at the end of October 2021 gave new impulse to the MANA price by 660%. Therefore, in the event of a prolonged and strong Bitcoin decline and the cryptocurrency market – the critical point of MANA is at $1.37. The liquidity zone of $1.5 increases the probability of the current fall wave of falling. In the weekly timeframe, we see that only when approaching this range in mid-January, the price jumped sharply by 60%. After this rebound, the new local fall wave looks quite weak. In 3 weeks, sellers managed to absorb only one week of growth. Of course, all this is happening at low volumes relative to growth in November. But, such a sluggish nature of the fall in the MANA crypto...