Decentraland (MANA) Maintains Crucial Support – Is an Upside Breakout Imminent?
Market Recovery: The cryptocurrency market is rebounding after a recent downturn, with Ethereum (ETH) recovering above $4,100 and Bitcoin (BTC) also gaining over 2%, positively impacting major altcoins like Decentraland (MANA).
MANA's Technical Analysis: MANA is consolidating within a symmetrical triangle pattern, with a critical support level at $0.2723. A breakout above the 100-day moving average at $0.2930 could signal a bullish trend, targeting price levels of $0.46, $0.57, and $0.76, while failure to break higher may lead to a test of lower support levels.
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Technical Analysis for GMT
Technical Sentiment Analysis for GMT (GMT) As of , GMT (GMT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GMT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, GMT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
GMT (GMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00617 | 0.00824 | 0.0106 | 0.0127 | 0.0151 | 0.0172 | 0.0195 |
| Fibonacci | 0.00824 | 0.00995 | 0.011 | 0.0127 | 0.0144 | 0.0155 | 0.0172 |
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