$MANA /USDT — 15m Technical Read
Price just printed a sharp downside impulse and is now compressing around 0.1175–0.1180, showing a pause after aggressive selling. The 0.1170 level stands out as a defended support, where buyers stepped in quickly after the flush and stopped further downside expansion, signaling short-term demand absorption.
Momentum clearly favors sellers in the near term — price remains below all key short-term MAs, and the structure shows lower highs and lower lows, confirming bearish control. However, the absence of follow-through after the breakdown suggests selling momentum is cooling, not accelerating.
Overhead, 0.1188–0.1200 is the first resistance zone, aligned with the breakdown level and short-term MA supply. Above that, 0.1215–0.1230 remains a major sell wall where sellers previously defended aggressively and trapped late buyers.
Bias: Bearish, with the tape favoring continuation lower unless buyers can reclaim and hold above the 0.1200 area. Any upside attempts below resistance currently look corrective, not impulsive.
Caution: Acceptance below 0.1170 would invalidate the defended base and likely trigger another momentum expansion to the downside, putting sellers firmly back in control.
For now, this is post-impulse consolidation — sellers still have structure, but buyers are testing whether a short-term floor can hold.
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