MANA Technical Analysis Feb 14

MANA is consolidating at the $0.11 level while the overall downtrend continues, but the positive histogram on MACD and 5.37% daily rise keep the bullish scenario alive. The price, squeezed between $0.1184 resistance and $0.1001 support, is positioned at a critical threshold for a breakout in either direction.

Current Market Situation

MANA is trading at the $0.11 level with a 5.37% rise in the last 24 hours, but the overall trend continues as downtrend. The price range remained limited between $0.10 – $0.11, and volume is at a medium level with $7.44M. RSI at 42.97 is in the neutral zone, while MACD gives a bullish signal with a positive histogram. No close above the short-term EMA20 ($0.11), which preserves the bearish short-term structure. Supertrend gives a bearish signal and the $0.14 resistance forms a strong barrier. 11 strong levels detected in multiple timeframes (1D/3D/1W): 1 support/1 resistance in 1D, 2S/2R in 3D, 2S/3R distribution in 1W draws a balanced MTF picture. Support $0.1001 (score 69/100), resistance $0.1184 (score 65/100) stand out as critical thresholds. News flow is calm, market focused on technical levels.

Scenario 1: Bullish Scenario

How Does This Scenario Unfold?

For the bullish scenario, a clear break above the $0.1184 resistance and a daily close above it is required first. This breakout invalidates the short-term bearish structure by crossing above EMA20. Expansion of the MACD histogram and RSI moving above 50 confirm momentum. Volume increase is mandatory; a breakout without exceeding the current $7.44M remains weak. Supertrend turning bullish (around $0.14) confirms the 1D trend change. Sequentially overcoming resistances in 3D and 1W (e.g., the first of 3R in 1W) strengthens the scenario. BTC movement toward $71,248 resistance could trigger an altcoin rally. Invalidation: Drop below $0.1001 destroys the entire bullish structure.

Target Levels

First target $0.14 Supertrend resistance (approximately 27% gain), followed by $0.1636 main bullish target (score 26, strong R origin from MTF). In a more aggressive extension, extension to $0.20s from 1W levels is possible, but RSI 70+ gives overbought warning. R/R ratio from current level: Balanced risk/reward from $0.11 to $0.1636 (~1:4 potential). Follow current charts from MANA Spot Analysis and MANA Futures Analysis pages.

Scenario 2: Bearish Scenario

Risk Factors

The bearish scenario is triggered by a close below the $0.1001 support; if this level (score 69/100) breaks, the downtrend accelerates. Staying below EMA20 and continued bearish Supertrend increases short-term pressure. If RSI drops below 40 without showing divergence, momentum remains bearish. Downward volume spike and MACD histogram reversal heighten risk. In MTF, the 1W 3R holding and sequential breaks of 3D supports (2S) reinforce the scenario. BTC downtrend (Supertrend bearish) and rising dominance create general pressure on altcoins. Invalidation: Breakout above $0.1184 destroys the bearish structure.

Protection Levels

First protection below $0.1001 (immediate trigger), followed by MTF supports: Intermediate level around $0.09 from 1D/3D, main bearish target $0.0367 (score 22, strong S origin). Deeper 1W supports could extend to $0.05s, but carries recovery risk with low-volume rallies. R/R from current $0.11 to $0.0367 offers ~1:2 risky structure. Track data from MANA Spot and Futures pages on spot and futures.

Which Scenario to Watch?

Decision point is $0.1184 resistance and $0.1001 support; whichever breaks first takes the lead. Confirmation signals: Volume increase (>$10M), RSI divergence (50+ for bull, 30- for bear), MACD crosses. Daily/4H closes are critical; wait against fakeouts. BTC movement is decisive: Above $71k green light for bull, below $68k for bear. Be patient with low volatility, seek MTF alignment.

Bitcoin Correlation

Altcoins like MANA are highly correlated with BTC (%0.85+); with BTC at $69,912 in downtrend and Supertrend bearish, altcoin rally remains limited. If BTC supports at $68,840 / $65,415 / $60,000 hold, MANA bullish scenario is supported; expect bearish domino effect on breaks. Overcoming resistances at $71,248 / $75,164 / $78,145 signals altseason, facilitating MANA $0.1184 breakout. Watch BTC dominance decline (favoring altcoins); current BTC pressure increases bearish risk.

Conclusion and Monitoring Notes

MANA’s $0.1001-$0.1184 range is decisive; watch resistance breakout + volume for bull, support loss + MACD reversal for bear. RSI, EMA20, and Supertrend flips are early warnings. BTC $68k-$71k band determines altcoin fate. Follow daily charts via spot and futures, apply your own risk management. This analysis teaches probabilities; market is open to surprises.