MANA Technical Analysis Feb 10

MANA, with RSI at the 34.88 level approaching the oversold region, MACD’s negative histogram indicates the continuation of downward momentum. The price trading below EMA20 confirms the short-term bearish trend, and the weak volume support is noteworthy.

Trend Status and Momentum Analysis

MANA’s current price is stabilizing at the 0.10 dollar level, with a slight 1.76% decline observed in the last 24 hours. The daily range has narrowed and tightened around 0.10 dollars, indicating reduced volatility and flattening momentum. The overall trend is classified as downtrend; the Supertrend indicator gives a bearish signal and highlights the 0.14 dollar resistance. In the confluence of momentum oscillators, the RSI’s low level stands out, while the MACD histogram remaining in negative territory confirms the dominance of selling pressure. Volume is running low at 7.38 million dollars, signaling that accumulation or distribution patterns have not yet clarified. In multi-timeframe (MTF) analysis, a total of 11 strong levels were identified across 1D, 3D, and 1W timeframes: 2 supports/2 resistances on 1D, 1 support/2 resistances on 3D, 2 supports/2 resistances on 1W. This confluence will determine direction based on the breakout of critical levels. Short-term bearish bias is strong, but the oversold condition in RSI carries potential reversal signal.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI(14) is currently positioned at 34.88, just below the neutral zone and quite close to the oversold threshold of 30. In recent periods, while price made new lows, no clear bullish divergence is observed in RSI; as price fell to 0.10 dollars, RSI did not drop below 30 and showed slight resistance, but regular bearish divergence dominates. This situation confirms that momentum is still in the selling direction and buyers have not yet entered. If price descends to the 0.0814 support level and RSI forms divergence below 30, this could be a strong bullish signal. However, there is no hidden bullish divergence in current data, so short-term sell signal remains in the foreground. In the long-term view, RSI’s recovery toward the 50 level will be the first confirmation for trend change.

Overbought/Oversold Regions

RSI at 34.88 is entering the oversold region; historically in MANA, this level has led to short-term bounces, but within the downtrend, fakeout risk is high. The overbought zone above 70 is distant, with selling momentum dominant. Lack of volume confirmation reduces the strength of the RSI signal – staying oversold with low volume can prolong distribution.

MACD Signals and Histogram Dynamics

MACD is in bearish position; the signal line crossover has completed downward, and the histogram is expanding in negative territory. This shows momentum accelerating in favor of selling – the size of histogram bars confirms bearish acceleration. In recent periods, while the MACD line deepened below 0, there is no sign of histogram contraction; on the contrary, negative momentum is increasing. There is alignment between price and MACD in the search for divergence after bearish crossover, meaning no weakening signal. If the histogram narrows toward zero, a potential bullish crossover may come, but in current dynamics, recovery remains limited without breaking 0.1028 resistance. On the 1D timeframe, the MACD histogram is critical for measuring downtrend strength; the current negative expansion increases pressure toward the 0.0814 support.

EMA Systems and Trend Strength

Short-Term EMAs

Price is trading below EMA20 (0.12 dollars), clarifying the short-term bearish trend. The EMA ribbon is contracted; 9-21 EMAs are downward sloping, and price is squeezed below the ribbon. This dynamic shows continuation of the selling trend, not momentum loss. Short-term trend strength crushes weak buyers – if EMA20 breaks downward, even the 0.10 level could be tested.

Medium/Long-Term EMA Supports

Medium-term EMA50 and EMA200 levels are positioned lower; price has distanced itself from this ribbon and formed bearish divergence. In measuring long-term trend strength, the downward slope of the EMA ribbon emphasizes the solidity of the downtrend. The 0.1172 resistance is at the EMA21-50 confluence; if surpassed, ribbon recovery may begin. However, the current position points to testing supports (0.0814 and 0.1003).

Bitcoin Correlation

Bitcoin is sustaining its downtrend with a 0.89% decline at the 69,888 dollar level; Supertrend is bearish, and main supports are in the 69,250-65,786 band. BTC dominance increase creates pressure on altcoins – metaverse tokens like MANA show high correlation to BTC movements (around 0.85). If BTC cannot break 71,977 resistance, MANA’s downward momentum will accelerate; on a break below 62,251, MANA could head to the 0.0367 bearish target. Conversely, if BTC rises to 77,936, MANA’s 0.1682 bullish target comes into play. BTC key levels: Support 69,250, Resistance 71,977 – MANA traders should watch this. Check detailed data for MANA Spot Analysis and MANA Futures Analysis.

Momentum Result and Expectations

Momentum confluence is bearish: RSI’s 34.88 oversold approach offers reversal hope, but MACD negative histogram expansion and EMA ribbon downward slope dominate the selling trend. Volume is low, indicating it awaits a catalyst for strong movement. MTF levels are strong; if 0.1003 support holds, short-term bounce to 0.1172; if broken, 0.0814 can be tested. Bullish scenario with RSI divergence + MACD contraction to 0.1682 target, bearish with BTC pressure to 0.0367. Trend strength down, momentum weak – patient trading advised. Monitor oscillator confluence; volume increase will be direction-determining. Be cautious at these levels, market is volatile.