- MANA forms the head and shoulder pattern on the third and fourth day; right shoulder and head in the green zone.
- MANA consolidates in the $0.76-$0.80 range, before descending.
- The market has corrected the prices, hence MANA could move either way.
Decentraland (MANA) was trading at $0.72 when the markets opened for trading. However, it shortly MANA tanked into the red zone and reached its lowest of $0.6423 on the first day of the week. Although, during the course of the day MANA found some momentum as the bulls drove the prices higher in the red zone until the second day.
During mid-day of the third day, MANA formed the head and shoulder pattern. Its left shoulder was at $0.688 in the red zone. Furthermore, the tip of the head was formed in the green zone at $0.7253 on the fourth day while its right shoulder was formed at 0.721 during mid-day of the same day.
MANA entered the green zone after forming the right shoulder and reached its highest price of $0.8067. After consolidating in the $0.76-$0.80 range for a brief period, MANA started descending, making lower-highs in the green zone. Currently, MANA is down 3.91% in the last 24 hours as is trading at $0.7303.
The post MANA About To Break the Bearish Rising Wedge, Will the Bulls Sustain? appeared first on Coin Edition.