Decentraland [MANA]: Bears should watch out for these two demand zones

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Two short-term demand zones could check MANA’s price correction. Demand in the derivatives market and weighted sentiment improved. Decentraland [MANA] has been trading within the $0.5533 and $0.7595 range since 16 January. At the […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Demand in the derivatives market and weighted sentiment improved.

In addition, the Money Flow Index showed an uptick, indicating accumulation took place and bulls were on site to buy MANA at discounted prices. If the momentum picked up pace, MANA could bounce into recovery and aim at the supply zone near $0.7595.

 

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