MANA Technical Analysis Jan 29

MANA is showing a weak outlook around $0.13 with a %5.85 intraday drop. Oversold RSI makes the support test critical, with BTC correlation dominant.

Short-Term Market Outlook

MANA is trading at the $0.13 level with a %5.85 loss over the last 24 hours. The intraday range is stuck between $0.12-$0.14, and volume remained limited at $20.78M. The short-term trend is downward; price is positioned below EMA20 ($0.14) and Supertrend is giving a bearish signal. RSI at 25.07 is in oversold territory, which may indicate a potential pullback or short-term reaction buying. However, MACD shows a negative histogram with weak momentum. Bearish bias prevails for the next 24-48 hours; if $0.1255 support breaks, acceleration risk exists. Above, $0.1281 resistance should be tested, but breakout is weak. Multi-timeframe (MTF) analysis identified 13 strong levels: 1D (2S/3R), 3D (1S/2R), 1W (3S/3R). Short-term targets: up $0.1447, down $0.0980. No news flow, monitor technically. Use the links for MANA Spot Analysis and MANA Futures Analysis.

Intraday Critical Levels

Nearby Support Zones

Immediate support at $0.1255 (score: 71/100), a strong base above intraday lows ($0.12). Watch $0.1220 (intraday low) for quick invalidation on breakout; below it, $0.0980 downside target activates. MTF supports: 1W around $0.12, 3D $0.1180. These levels may be tested within 24 hours; keep stop-loss tight.

Nearby Resistance Zones

First resistance at $0.1281 (score: 63/100), followed by $0.1326 (60/100) and $0.1447 (61/100). EMA20 $0.14 is the critical upper band. These resistances are zones for scalping: rejection at $0.1281 signals bearish continuation, breakout is a bullish trigger for momentum. Supertrend resistance aligns with $0.14; monitor within 48 hours.

Momentum and Speed Analysis

Short-term momentum is bearish: MACD histogram is expanding negatively, no divergence despite oversold RSI. Speed analysis is limited by low volume; downtrend speed may increase on $0.1255 breakout. Oversold RSI gives ~%30 chance of intraday bounce, but it remains weak under BTC pressure. Bearish candles dominate 1H/4H charts; volume above $0.1281 is required for quick reversal. Risk: False breakouts are high, do not exceed %1-2 position sizing.

Short-Term Scenarios

Upside Scenario

Hold above $0.1255 and breakout above $0.1281 for quick reaction buying: Target $0.1326-$0.1447 (upside %11). Trigger: RSI 30+ and volume increase. Invalidation: Below $0.1255, occurs within 2-4 hours. Low probability (%25), valid if BTC stabilizes.

Downside Scenario

Breakout below $0.1255 accelerates downtrend: Target $0.12-$0.0980 (%25 drop). Trigger: MACD bearish cross and low-volume breakout. Invalidation: Close above $0.1281. Dominant scenario (%60+), accelerates if BTC slips below $84K. Watch within 24 hours.

Bitcoin Correlation

BTC at $85,151 with %5 drop in downtrend, Supertrend bearish. MANA has high correlation to BTC (%0.85+); if BTC $84,330 support breaks, MANA tests $0.1255. Monitor BTC resistances $85,740-$87,397; BTC bounce gives MANA $0.1281 opportunity, but rising dominance crushes altcoins. BTC slip below $83,252 triggers MANA downside. Altcoin caution: Prioritize BTC trades.

Daily Summary and Monitoring Points

– Critical: $0.1255 support test, breakout accelerates bearish.
– Watch: $0.1281 resistance rejection, RSI divergence.
– BTC link: $84,330 support is pivot for MANA.
– Risk: Short-term volatility high, keep leverage low.
– Today’s focus: 17:00-22:00 UTC volume peak. Tight stop-loss, %1 capital risk. Short-term trades carry high risk, not professional advice.