The post MANA Technical Analysis Feb 6 appeared on BitcoinEthereumNews.com. MANA is in a critical consolidation at the 0,10$ level with a %9,23 drop in the lastThe post MANA Technical Analysis Feb 6 appeared on BitcoinEthereumNews.com. MANA is in a critical consolidation at the 0,10$ level with a %9,23 drop in the last

MANA Technical Analysis Feb 6

MANA is in a critical consolidation at the 0,10$ level with a %9,23 drop in the last 24 hours; despite RSI at 30,82 in the oversold region, bearish MACD and Supertrend signals make both scenarios possible.

Current Market Situation

MANA price is currently trading at 0,10$ and experienced a %9,23 drop in the last 24 hours. The daily range was between 0,08$ – 0,11$, while trading volume was recorded at 45,68 million$. The overall trend continues downward. Looking at technical indicators, RSI at 30,82 points to the oversold region, increasing the potential for a rebound. However, the MACD histogram is negative and shows a bearish crossover, trading below EMA20 (0,12$), which confirms short-term bearish pressure. The Supertrend indicator gives a bearish signal and forms resistance at 0,13$. In multi-timeframe (MTF) analysis, a total of 12 strong levels were identified across 1D, 3D, and 1W charts: 2 supports/1 resistance on 1D, 2S/2R on 3D, and 2S/3R distribution on 1W, drawing a balanced picture. Critical supports stand out at 0,0814$ (score:69/100) and 0,0900$ (61/100), while resistance is at 0,1001$ (72/100). This structure shows that the price has breakout potential in both directions; traders should monitor volume increases and candle closes.

Scenario 1: Upside Scenario

How Does This Scenario Unfold?

For the upside scenario, the 0,1001$ resistance must first be clearly broken and close above it. This breakout becomes realistic if supported by a momentum bounce triggered by the oversold condition in RSI. A significant volume increase (above 1.5x current volume) and the MACD histogram showing positive divergence toward the zero line would serve as confirmation signals. After passing EMA20 (0,12$), the Supertrend turning green confirms the short-term trend change. In a broader context, breaking the 0,13$ resistance on the 1W chart provides bullish alignment of MTF levels. In this scenario, an improvement in overall market sentiment (e.g., BTC recovery) turns MANA’s volatile structure to its advantage. Traders should watch for bull flag formations or hammer candles on the daily chart; the invalidation level is a drop below 0,0900$, at which point the scenario becomes invalid.

Target Levels

First target is the 0,13$ Supertrend resistance (approximately %30 gain), followed by the main bullish target at 0,1683$ (score:15/100, Fibonacci extension level). Secondary targets: 0,14$ (1D resistance) and 0,15$ (3D MTF level). Profit-taking strategies should be applied at these levels, as past resistances can form strong retest points. The risk/reward ratio (R/R) calculated from current levels looks attractive at around 1:3.

Scenario 2: Downside Scenario

Risk Factors

The downside scenario is triggered by a daily close below the critical 0,0814$ support. This breakout is confirmed by strengthening bearish momentum in MACD and increasing volume in the downward direction. RSI dropping below 30 could signal a new low, while distancing from EMA20 reinforces the short-term bearish structure. Continuation of Supertrend’s bearish signal and erosion of the 0,0900$ support on the 1W chart provide bearish alignment in MTF. BTC weakening in its own downtrend increases liquidity pressure on altcoins like MANA. Risk factors include sudden sell waves after low-volume consolidation or general market fear (fear index increase). Traders should follow shooting star or bearish engulfing candles; invalidation requires a move above 0,1001$, which activates the upside scenario.

Protection Levels

First protection level is 0,0900$ (61/100 score), followed by the main support at 0,0814$. Long-term bearish target is 0,0133$ (score:22/100, historical low extension). Secondary levels: 0,07$ (1D support) and 0,05$ (3D MTF). In this downside, R/R at 1:2.5 could be suitable for short positions, but stop-losses should be set according to resistance levels.

Which Scenario to Watch?

The decision point lies in breakouts of the 0,1001$ resistance and 0,0814$ support; volume confirmation (>%50 increase) and candle closes are essential for both. RSI divergence (positive for bull, negative for bear) provides early warning. MACD histogram expansion determines the direction. In the short term, trendline tests on the 4H chart are critical; BTC movements are decisive due to altcoin correlation. Follow live data from MANA Spot Analysis and MANA Futures Analysis pages. In every scenario, invalidation levels should be closely monitored so traders can make early position adjustments.

Bitcoin Correlation

MANA is an altcoin with high correlation to BTC; BTC’s downtrend at the 66.072$ level (24h %7,81 drop) is creating pressure on altcoins. If BTC breaks the 62.910$ support, additional downside in MANA (below 0,08$) is likely; conversely, if 65.848$ resistance is surpassed, the MANA upside scenario strengthens. BTC Supertrend bearish signal mandates a cautious approach for alts – if BTC heads to 60.000$ or 45.967$ supports, MANA approaches bear targets, while above 71.040$ triggers a bull rally. In case of dominance increase, altcoin rotation may be delayed.

Conclusion and Monitoring Notes

Both scenarios for MANA carry equal probability based on the technical structure; traders should prioritize monitoring 0,1001$ / 0,0814$ breakouts, volume surges, and BTC levels (62.9k support, 65.8k resistance). A bounce from RSI 30 or new low test gives early clues. Positions should be managed according to R/R ratio, waiting for technical confirmation instead of emotional decisions. The market is volatile; stay tuned to MANA spot market page and MANA futures for updates. This analysis is for educational purposes to encourage your own research.

This analysis uses the market views and methodology of Chief Analyst Devrim Cacal.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/mana-technical-analysis-february-6-2026-will-it-rise-or-fall

Market Opportunity
Decentraland Logo
Decentraland Price(MANA)
$0.09923
$0.09923$0.09923
+0.23%
USD
Decentraland (MANA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto Shows Mixed Reaction To Rate Cuts and Powell’s Speech

Crypto Shows Mixed Reaction To Rate Cuts and Powell’s Speech

The post Crypto Shows Mixed Reaction To Rate Cuts and Powell’s Speech appeared on BitcoinEthereumNews.com. Jerome Powell gave a speech justifying the Fed’s decision to push one rate cut today. Even though a cut took place as predicted, most leading cryptoassets began falling after a momentary price boost. Additionally, Powell directly addressed President Trump’s attempts to influence Fed policy, claiming that it didn’t impact today’s decisions. In previous speeches, he skirted around this elephant in the room. Sponsored Sponsored Powell’s FOMC Speech The FOMC just announced its decision to cut US interest rates, a highly-telegraphed move with substantial market implications. Jerome Powell, Chair of the Federal Reserve, gave a speech to help explain this moderate decision. In his speech, Powell discussed several negative economic factors in the US right now, including dour Jobs Reports and inflation concerns. These contribute to a degree of fiscal uncertainty which led Powell to stick with his conservative instincts, leaving tools available for future action. “At today’s meeting, the Committee decided to lower the target range…by a quarter percentage point… and to continue reducing the size of our balance sheet. Changes to government policies continue to evolve, and their impacts on the economy remain uncertain,” he claimed. Crypto’s Muted Response The Fed is in a delicate position, balancing the concerns of inflation and employment. This conservative approach may help explain why crypto markets did not react much to Powell’s speech: Bitcoin (BTC) Price Performance. Source: CoinGecko Sponsored Sponsored Bitcoin, alongside the other leading cryptoassets, exhibited similar movements during the rate cuts and Powell’s speech. Although there were brief price spikes immediately after the announcement, subsequent drops ate these gains. BTC, ETH, XRP, DOGE, ADA, and more all fell more than 1% since the Fed’s announcement. Breaking with Precedent However, Powell’s speech did differ from his previous statements in one key respect: he directly addressed claims that President Trump is attacking…
Share
BitcoinEthereumNews2025/09/18 09:01
Hedera (HBAR) Price Today, Chart & Market Cap | Live HBAR to USD Converter

Hedera (HBAR) Price Today, Chart & Market Cap | Live HBAR to USD Converter

Hedera (HBAR) price today is $0.092471 USD with a $3.98B market cap. Check live HBAR price charts, 24h volume, market rank, and price predictions for 2026.
Share
Blockchainmagazine2026/02/13 16:45
SEC Approves Generic Listing Standards for Faster Crypto ETF Launches

SEC Approves Generic Listing Standards for Faster Crypto ETF Launches

TLDR The SEC approved new generic listing standards for crypto ETFs, speeding up the approval process. The updated rules will reduce approval timelines from 240 days to under 75 days for crypto ETFs. Over 90 new crypto ETF applications have already been filed, targeting altcoins and multi-token baskets. The SEC’s decision is expected to lead [...] The post SEC Approves Generic Listing Standards for Faster Crypto ETF Launches appeared first on CoinCentral.
Share
Coincentral2025/09/19 02:51