$MANA has experienced a modest decline of 1.606% over the past 24 hours, showing continued weakness in a prevailing downtrend.
Trading within Bollinger Bands indicates potential consolidation, with resistance at 0.2518 and support at 0.2425 forming critical levels for traders.
The high/low range suggests limited volatility, but a test of support may provoke selling pressure.
Currently, Bitcoin’s influence remains undefined, suggesting that broader market sentiment may not be significantly impacting MANA at this moment.
Given the overall downtrend, a short-term trading approach may be prudent, allowing for reactive strategies to volatility.
Key takeaway: Vigilance around support levels is crucial, as any breach could signal further downward movement.
