MANA Technical Analysis: Will MANA price sink to $2 support? 

MANA coin price action escaped the sideways rally with a breakdown from a symmetrical triangle pattern. Can sellers continue their march to $2 support? Key technical points: The MANA price gave fallout from the symmetrical triangle pattern The Stochastic RSI displays a bearish crossover The 24-hour trading volume in the Decentraland token is $508.7 Million, indicating a 6.7% gain.  Past Performance of MANA Over the past two months, the MANA price resonated in a symmetrical triangle pattern. On March 1st, the buyers failed to continue their bull cycle and turned down the share resistance of $5.25 and 50-day DMA. The follow-up downfall gave a bearish breakdown from the price pattern, accelerating the ongoing selling.  Source-Tradingview MANA Technical Analysis  The MANA/USD daily chart shows three consecutive red candles, registering a 12.5% fall. The breakout candle has reached $4.5, and a 200-day EMA combined support. Hence, the altcoin is expected to revert from this support and retest the breached trendline.  The flattish 50-and–200-day EMA accentuates the sideways price action. The altcoin price is sandwiched between these EMAs, where a breakout from either of these levels would bolster the next rally.  The Stochastic RSI indicator shows the K and D line nosedive below the neutral line following a bearish crossover. Hence, the end of the bull cycle increases the chances of a $2.45 breakout. The MACD indicator shows the fast and slow lines are gradually lower in the bearish territory. Moreover, the MACD histograms remain bearish indicating a sustained selling momentum.  In a nutshell, MANA technical analysis shares a negative bias suggesting a possible decline to the $2 mark. Upcoming Trend If MANA bears sustain this restest phase below the breached ascending trendline, the selling pressure would intensify and plunge the altcoin to $2 Conversely, if bulls wrest control from the bears during the restest phase, the coin price would rally higher and reenter the triangle pattern. However, the sellers could maintain a stiff resistance at the confluence of $2.85 and 50 EMAs, interrupting further gains.  Support Levels: $2.5 and $2 Resistance Levels: $2.85 and $2

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