Are you planning to invest in the Decentraland native token MANA and looking for a detailed price action analysis to support your investment decision? Then this MANA Price Analysis is for you. As we go through this analysis, we will also discover the key resistance and support levels. The current market sentiment is bearish towards MANA. In this MANA Market Update, let’s discuss its latest price action using indicators like MACD and RSI and try to predict its future movements.
MANA Price Action Analysis of 24th April, 2025
The MANA price action on a 5-minute chart on April 23rd displayed a steady upward drift within a rising trading range until around 13:30 UTC, where bullish momentum tapered off. Initially, MANA oscillated between $0.3080 and $0.3135, supported by higher lows within the channel. RSI hovered in the mid-to-upper neutral zone, briefly reaching overbought during stronger pushes. The MACD maintained a mild bullish bias with several golden crosses. However, a bearish move breached the channel structure after peaking, signaling a shift in sentiment. By 15:15 UTC, MANA dropped sharply to test the $0.3050 support.
Chart 1, Analyzed by Alokkp0608, published on April 24th, 2025.
From 03:00 to 06:00 UTC, MANA found support at the critical $0.3050 level, stabilizing as buyers absorbed multiple attempts to break below. The RSI flattened and slightly rose, moving away from oversold levels, while the MACD histogram showed narrowing negative bars, signaling weakening bearish momentum. Price hovered between $0.3055 and $0.3070, forming a minor base. This consolidation period indicated diminishing selling pressure, with hints of bullish divergence in momentum indicators, suggesting accumulation near the support zone.
Heading into the 06:00 to 09:00 UTC window, bullish pressure resurfaced. A strong impulse candle broke above the descending channel’s upper bound, pushing the price above $0.3080. RSI moved into the neutral zone, reflecting sentiment shift, while the MACD showed bullish crossovers, supporting a short-term reversal view. MANA approached $0.3105 by 06:45 UTC, encountering resistance near $0.3115–$0.3125, previously a supply zone. Despite lower volume, the bounce from $0.3050 indicated the support’s strength, signaling a potential retest of higher levels, although $0.3150 remains a key resistance.
MANA Price Prediction: What’s Next For MANA?
MANA is building upward momentum with the price consolidating above $0.3100. If the rally continues and breaks through $0.3125, bulls may attempt a retest of the $0.3180–$0.3210 resistance region, previously marked by sharp rejection. RSI is climbing steadily, and MACD is bullish, but further confirmation through volume and a higher low formation will be essential. Until a clean break above $0.3150 is achieved, the MANA price could oscillate within a broader range. In this MANA Market Update, the repeated defense of $0.3050 and current bullish signals suggest buyers may be positioning for another upside attempt.
Bulls Show Strength, But Key Test Awaits
MANA is starting to show signs of life again after bouncing off the $0.3050 support, with indicators like RSI and MACD pointing to a possible shift in momentum. Buyers are clearly stepping in at lower levels, but they’re now facing a tough test around the $0.3125–$0.3150 resistance zone. A clean break above that could pave the way for another run toward $0.3180 or even back to $0.3210.
For now, though, the price may continue to chop sideways within this broader range unless volume picks up. If $0.3050 continues to hold firm, bulls have a real shot at regaining control, but the next move depends on how MANA handles this nearby ceiling. MANA price prediction suggests traders should closely observe confirmation signals from the MACD and RSI indicators, as well as overall market trends, to anticipate its next move
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