Mana coin is a game-based metaverse coin, a virtual reality platform with the support of the ethereum blockchain, Decentraland, and when we look at the market data, we can observe that Bincoin is on the side of selective purchases and rises among altcoins these days.
In recent days, the most popular topic of both technology and social media worlds, being one of the projects reflecting the metaverse universe, that is, virtual reality, has managed to attract attention with an increase of approximately 79%.
Especially; In the last quarter of 2021, there was a movement on the metaverse side with Facebook’s conversion of its name to Meta and statements about its work.
In addition, the increased interest in Metaverse, with the announcement of various partnership news such as the cooperation of Decentraland (MANA) coin with Samsung, brought the price activity in the project to the fore.
Will Mana be able to continue its uptrend? What levels does it point to technically?
With the closing below the $5.90 ath level, which was seen together with the upward trend it started on October 28, 2021, the price continued its horizontal movement and entered the falling trend and saw a pullback of about 50%.
After collecting buyers at the $1.75 and $1.80 levels and starting an uptrend, the $3.20 major resistance area was broken yesterday and the band gap of $3.30 and $3.40 is currently struggling.
If this region can be exceeded and persisted above, $3.80 and $4.20 levels can be seen.
Otherwise, with the breakout of the $3.07 level, which is an important support area in a possible correction, with the sellers dominating, the levels of 2.7 and 2.3 dollars can be followed.
To summarize; When we look at the wide distribution in the daily time frame, we can see that the price is on an ascending trend.
The arrival of positive news that will support the price may allow us to see positive movements to continue the uptrend by forcing the next resistance level.