Technical analysis by keykomg about Symbol MANA: Buy recommendation (11/9/2021)

Are we in a slow bleeding downtrend or meaningful consolidation? I believe the latter for several reasons. We've all seen this before and hopefully, everyone's nerves are a little more stable in 2021. Tokens with lower market caps like MANA generally don't behave like this if they were a one-time, random, pump and dump scenario. The price gravitates to the upper end of the purple dashed descending channel. There is significant support at the $2.45-$2.50 levels and this support has been sitting here the whole time, waiting. Conversely, besides the immediate $2.56 'short' selling pressure, there is relatively no selling pressure until $3, $3.50, and $4.50. Everyone in between these prices have been shaken out over the week and I also believe that the $3 selling pressure will decrease should we get some volume in the next 24 hours, breaking the upper trendline, setting the stage for $4, $5,$7.50, and $9 targets. Lastly, the metaverse has huge potential. Decentraland isn't just a meme token with little intrinsic value. Albeit in the metaverse, MANA is a tangible asset. This is my opinion and not financial advice. I keep tight SL's. Mine is predictably dbl. the ATR, below the lower trend line. Good luck.Roblox up 42% is the kind of catalyst this sector of crypto needs.