Price Analysis

MANA Price Analysis: Why $1.1 Breakout Could Soar Prices by 26%?

The post-correction rally may fuel bullish momentum to break the $1.1 resistance; will MANA price reclaim the $1.36 mark?
Published by
MANA Price Analysis: Why $1.1 Breakout Could Soar Prices by 26%?

The Decentraland (MANA) price has been on a winning streak for the past four days, accounting for an 11.5% gain. The volume rise during this recovery indicates the traders are confident in rising prices. With sustained buying, the altcoin should escape the past two months’ range rally. 

Advertisement

Key points:

  • The MANA price faces intense supply pressure from the $1.1 resistance
  • The 20-and-50-day EMA bullish crossover attracts more buyers in the market.
  • The intraday trading volume in the Decentraland Token is $247.9 Million, indicating a 27% loss.

Source-Tradingview

The MANA/USDT technical chart represents an evident example of a rounding bottom pattern. The bullish reversal pattern has completed its early two stages with a Mid-May-to-June downfall, followed by ongoing consolidation in a range-bound rally.

As per the technical set-up, the MANA price should breach the overhead resistance of $1.1 and lead the coin to $1.36

On July 13th, the MANA price rebounded from the $0.75 bottom support and surged 44.61% within a month. Today, with a 0.88% jump, the coin buyers attempted to end this consolation with a bullish breakout.

However, the daily candlestick closing above the $1.1 neckline resistance within sufficient volume rise is required to confirm this breakout. The post-breakout rally may push the MANA price 26.2% higher to $1.36 resistance.

If the bullish momentum sustains, the altcoin may surpass the ceiling and climb towards the next significant support zone of $1.68.

On a contrary note, if MANA price reverts from the $1.1 resistance, and breakdown from the 20-day EMA will indicate the resumption of the consolidation phase.

Advertisement

Technical indicator

Bollinger band indicator: the recent price jump tags the indicator’s upper band indicates a minor is plausible before the breakout. However, the midline offering dynamic support should maintain the recovery phase.

RSI indicator: The daily-RSI slope shows a more substantial rally than price action, indicating the rising bullish momentum. This positive diverger suggests the price should eventually breach this $1.1 resistance.

  • Resistance level: $0.935, $0.75
  • Support level: $1.1, $1.36
Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying

Pi Network price has crashed by over 90% from its highest level since its mainnet…

October 2, 2025
  • Price Analysis

Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy

The Solana price continues to capture attention, with renewed focus coming from both analysts and…

October 2, 2025
  • Price Analysis

Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout

Cardano price continues to draw fresh attention as the market shows signs of renewed strength.…

October 2, 2025
  • Price Analysis

BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes

BONK price has drawn attention once again as its chart structure hints at renewed interest…

October 1, 2025
  • Price Analysis

Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth

Shiba Inu price has crashed in the past few months, moving from a high of…

October 1, 2025
  • Price Analysis

XRP Price Prediction After Ripple CTO David Schwartz Resigns

XRP price has shown renewed strength in the last 24 hours, recording a modest daily…

October 1, 2025