📊 $MANA /USDT Market Analysis
📌 Current Price: $0.2325 (-6.25%)
📊 24h High/Low: $0.2582 / $0.2276
📉 24h Volume: 3.41M USDT (14.11M MANA)
📌 Market Sentiment: Bearish
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📊 Moving Averages & Market Trends
7-Day MA: $0.2333 (Close to current price, offering short-term support resistance)
25-Day MA: $0.2328 (Very close to current price, indicating near-term price equilibrium)
99-Day MA: $0.2408 (Potential resistance if price moves upward)
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📈 Key Levels to Watch
🚀 Resistance Levels:
$0.2333 – 7-Day MA Resistance (Near current price, needs to break for upside continuation)
$0.2408 – 99-Day MA Resistance (Longer-term resistance level)
$0.2582 – 24h High (Key resistance; price needs to break this for a bullish move)
🛑 Support Levels:
$0.2328 – 25-Day MA Support (Immediate support, needs to hold for stability)
$0.2276 – 24h Low (Key short-term support level)
$0.2268 – Additional support zone (Breaking this could signal more downside)
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📊 Trading Strategies
🟢 Bullish Setup (If MANA Breaks Above $0.2328 and Holds)
Entry: $0.2325 - $0.2333
Target: $0.240 - $0.2582 (Upside potential if price moves above resistance levels)
Stop-Loss: $0.2268 (Below support zone to minimize risk)
🔻 Bearish Setup (If MANA Breaks Below $0.2276 Support)
Entry: $0.2276 - $0.2280
Target: $0.2200 - $0.2150 (Downside potential if price fails to hold key support)
Stop-Loss: $0.2325 (Above key resistance level to manage risk)
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⚠️ Risk Alert:
MANA is facing resistance near $0.2328-0.2333; failure to break above this level could result in further downside.
Monitor the 24h low of $0.2276 closely for signs of breakdown.
If the price holds above $0.2276 and breaks $0.2333, a potential bullish reversal could occur.
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