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MANA Twines Around 200-day MA with Breakouts, Will This Go On?

Published 2022-12-19, 01:00 p/m
© Reuters. MANA Twines Around 200-day MA with Breakouts, Will This Go On?

  • Decentraland traded in the green zone during the first few days but moved into the red zone later on.

  • MANA has been fluctuating very close to the 200-day MA at times breakthrough.

  • If MANA breakouts, it could either rebound on the 200-day MA or plunge shortly.

Decentraland’s (MANA) opening market price was $0.38 last Monday. Although MANA had a gloomy start in the red zone, as shown in the chart, it recovered and got to the green zone quickly. During its abode in the green zone, MANA reached a maximum of $0.3926.

MANA fluctuated between the $0.38-$0.39 price range in the green zone from December 12 to December 15, with most of its action being around its upper limit ($0.39). However, MANA’s abode in the green zone was shortlived as it entered the red zone and fluctuated more closely to $0.38. At times it tested the $0.38 limit but failed to break through.

The post MANA Twines Around 200-day MA with Breakouts, Will This Go On? appeared first on Coin Edition.

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