MANA Technical Analysis: Collapsing 200-day EMA Warns 15% Decline

MANA coin price shows the sellers gaining trend control near the trend-defining 200-day EMA, indicating a free-fall to the $2 mark.  Key technical points: The 200-day EMA struggles to sustain the trend.  The RSI maintains below the 14-day average.  The 24-hour trading volume in the Decentraland Token is $428 Million, marking a 2% fall.  Past Performance of MANA MANA coin price shows the downtrend after the symmetrical triangle breakout hanging close to the 200-day EMA. The recent morning star near the EMA forecasted a rally to the broken trendline, but the recent sell-off damages the bullish longing at the $2.50 mark.  Source-Tradingview MANA Technical Analysis  MANA coin price shows a 3.45% decline from the confluence of the 50-day EMA and the crucial emotional barrier at $0.055, vandalizing the bullish renewal and increasing the chances of fallout. The falling 50-day EMA maintains the threat of a death cross as the downtrend continues after the triangle fallout. The altcoin prices hang tight to the 200-day EMA, and closing below will imply the start of a downfall. RSI Indicator: The RSI slope fails again to spike above the 14-day average and reaches the 50% mark. The negative-ish trend continues under the bearish influence indicating a potential fall to the oversold zone.  Stochastic RSI Indicator: The reversal from the oversold zone brings a bullish crossover of the K and D lines. The rising lines will increase the bullish spread, but a downfall below 200-day EMA will prematurely close the bull cycle. In a nutshell, MANA technical analysis casts a bearish shadow as the 200-day EMA shivers. Upcoming Trend MANA coin price might continue the downfall to reach the $2 mark as the 200-day EMA breakout seems imminent. Hence, traders can shortly find a selling opportunity. However, if a bullish reversal closes above the $2.5 mark, an uptrend to $3 is plausible. Support Levels: $2.15 and $2 Resistance Levels: $2.5 and $3

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