Friday, February 3, 2023
 

MANA Is Now the Most Popular Token Among Top 2,000 ETH Whales

  • WhaleStats shared that MANA is now the most held altcoin amongst top 2,000 ETH whales.
  • The price of stETH has fallen over the last 24 hours.
  • MANA’s price is now looking to challenge the daily 20 EMA level.

The crypto whale tracking site, WhaleStats (@WhaleStats), shared in a tweet this morning that Decentraland’s MANA has flipped Lido Staked ETH (stETH) for biggest holding in dollars among the top 2,000 ETH whales.

stETH is currently trading at $1,237.87 at press time after its price dropped 1.41% over the last 24 hours. This is according to the crypto market tracking website, CoinMarketCap. In addition, stETH has weakened against Bitcoin (BTC) by 1.73% and has strengthened against Ethereum (ETH) by 0.28%.

Meanwhile, MANA is trading at $0.413 after a slight 0.06% 24-hour gain. The altcoin has weakened against BTC by 0.29% and strengthened against ETH by 1.64% over the same time period.

Daily chart for MANA/USDT
Daily chart for MANA/USDT Source: CoinMarketCap

The price of MANA is currently being held down by the daily 20 EMA line at around $0.4260. This is also the upper bound of the parallel price channel that MANA has been trading in for the last 2 weeks. The lower bound for the price channel sits at $0.368.

Currently, the daily Relative Strength Index (RSI) line is positioned above the daily RSI Standard Moving Average (SMA) line, which is a bullish flag that could result in MANA’s price breaking above the current resistance level.

A break above the resistance level would see MANA’s price rise to $0.4632, constituting a 12.1% gain. On the other hand, if the resistance level holds its own, then the price of MANA could retrace to as low as the lower bound of the current price channel.

A confirmation of the bullish move will be if MANA is able to close above the daily 20 EMA line by the end of tomorrow’s trading session.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

  • WhaleStats shared that MANA is now the most held altcoin amongst top 2,000 ETH whales.
  • The price of stETH has fallen over the last 24 hours.
  • MANA’s price is now looking to challenge the daily 20 EMA level.

The crypto whale tracking site, WhaleStats (@WhaleStats), shared in a tweet this morning that Decentraland’s MANA has flipped Lido Staked ETH (stETH) for biggest holding in dollars among the top 2,000 ETH whales.

stETH is currently trading at $1,237.87 at press time after its price dropped 1.41% over the last 24 hours. This is according to the crypto market tracking website, CoinMarketCap. In addition, stETH has weakened against Bitcoin (BTC) by 1.73% and has strengthened against Ethereum (ETH) by 0.28%.

Meanwhile, MANA is trading at $0.413 after a slight 0.06% 24-hour gain. The altcoin has weakened against BTC by 0.29% and strengthened against ETH by 1.64% over the same time period.

Daily chart for MANA/USDT
Daily chart for MANA/USDT Source: CoinMarketCap

The price of MANA is currently being held down by the daily 20 EMA line at around $0.4260. This is also the upper bound of the parallel price channel that MANA has been trading in for the last 2 weeks. The lower bound for the price channel sits at $0.368.

Currently, the daily Relative Strength Index (RSI) line is positioned above the daily RSI Standard Moving Average (SMA) line, which is a bullish flag that could result in MANA’s price breaking above the current resistance level.

A break above the resistance level would see MANA’s price rise to $0.4632, constituting a 12.1% gain. On the other hand, if the resistance level holds its own, then the price of MANA could retrace to as low as the lower bound of the current price channel.

A confirmation of the bullish move will be if MANA is able to close above the daily 20 EMA line by the end of tomorrow’s trading session.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

 

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