MANA is currently testing a long-term descending support trendline on the weekly chart. This level has acted as a reliable bounce zone multiple times in the past (highlighted with arrows).
-Price is holding above a major support level (~$0.21), showing signs of demand.
-Weekly RSI is forming a bullish divergence, with higher lows on RSI vs. lower lows on price — often a precursor to trend reversals.
-Previous touches on this trendline have led to significant rallies.
-Price is holding above a major support level (~$0.21), showing signs of demand.
-Weekly RSI is forming a bullish divergence, with higher lows on RSI vs. lower lows on price — often a precursor to trend reversals.
-Previous touches on this trendline have led to significant rallies.
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.