MANA Technical Analysis: Buyers Breaks Bearish Channel To Recover $1

MANA price chart shows an expanding channel breakout with an overnight reversal retaking the $1 threshold. Will the recovery rally surpass $1.50? Key technical points: The MANA market value increased by 10.68% in the last 24 hours. The falling expanding channel breakout hints at recovery to $1.50. The 24-hour trading volume of Decentraland is $264 Million, indicating a hike of 76.98%. Past Performance of MANA MANA market value shows a bullish reversal from the $0.92 mark after the short-coming downtrend due to the rejection near the resistance trendline. The sudden reversal comes with a morning star pattern and leads to the descending expanding channel breakout. Furthermore, the breakout rally surpasses the crucial psychological mark of $1. Source-tradingview MANA Technical Analysis MANA coin price shows a bullish recovery with a small but significant rise in the trading volume, projecting bullish support to the breakout rally. Hence, the breakout rally has increased the chances of sustenance above $1. The MACD indicator displays the fast and slow lines keeping a bullish alignment as they get closer to their zero point while avoiding a bearish crossover. In addition, the bullish histogram speeds up following the resting phase, which indicates the revival of bullish powers. The Vortex and DMI indicators show a high likelihood bullish crossover event as the bearish spread decreases between the DI and VI. Hence, traders can expec...