$MANA /USDT – Metaverse Token Takes a Breather: Key Support Test Ahead 🌐📉
Hey everyone, let’s revisit
$MANA /USDT – the metaverse favorite is cooling off today after its earlier surge. Here’s my updated technical read:
📊 Quick Stats:
· Price: $0.1583 | -7.10% 🔻
· 24h High: $0.1792
· 24h Low: $0.1564
· 24h Volume: 99.28M MANA | $16.61M USDT
📈 Technical View:
$MANA has pulled back from its earlier high and is now testing important moving averages:
· MA(7): $0.1586 (resistance turned support-turned resistance again)
· MA(25): $0.1633 (now acting as resistance)
· MA(99): $0.1524 (critical support below)
The price is currently hovering just above the 24h low of $0.1564, which now becomes a key level to hold. A break below could accelerate selling toward the MA(99).
🎯 Key Levels to Watch:
· Resistance: $0.1586 → $0.1633 → $0.1792
· Support: $0.1564 → $0.1524 (MA99) → $0.1493
Volume remains elevated, showing ongoing interest, but the selling pressure is evident in today’s move.
💭 My Take:
After a strong run, MANA is seeing a healthy pullback—common in volatile altcoins. The metaverse narrative remains intact, but short-term, we’re seeing profit-taking. Holding above $0.1564 is important to prevent further downside.
If you’re holding, watch the $0.1524** level (MA99) as major support. For a bullish resumption, we’d need to see a reclaim of **$0.1633 with volume. Given the sector's momentum, dips like this can offer entry opportunities, but timing is key.
As always in crypto, volatility is the name of the game—manage your risk, avoid over-leverage, and trade with a plan.
Are you buying this MANA dip, or waiting for more confirmation?
Let me know your thoughts below! 👇
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