This week the market can be very volatile!

8 thg 11, 2022MANA has ranged over the past week and is still hovering over the monthly support range of $0.577 to $0.650. For Mana, a resistance was considered in the $0.715 range, and over the past week, the price has returned to the main support after hitting this range and reacting to this resistance. We see high sales pressure on the chart today and in the last two days.

Therefore, if these supports are broken, the price reduction can cause the formation of a new price floor compared to the last five months and bring the price of Mana to the ranges of 0.525 and 0.465 dollars. Therefore, if the candle closes below the range of 0.580 to 0.610 dollars in the 4-hour time frame, the continuation of the downward trend, even the formation of a new downward wave, is expected. In the 4 hours, we see the range trend, where the price fluctuates between the support of the specified resistances. In general, this week, the market can be very volatile, and there is a possibility of breaking support even in fake form.