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Three Tokens Worth Monitoring in the Market: AVAX, MANA, NEAR

Published 11/04/2023, 08:32 AM
Updated 11/04/2023, 08:45 AM
Three Tokens Worth Monitoring in the Market: AVAX, MANA, NEAR

  • Bearish winds hit AVAX and MANA, while NEAR bulls stood firm amid the turbulence.

  • Decentraland’s MANA faces a critical support test at $0.3877 amid market uncertainty.

  • AVAX shows the potential to outshine BTC with positive momentum and resistance at $12.10.

A bearish trend has prevailed in the Avalanche (AVAX) and Decentraland (MANA) markets in the past 24 hours, with bears driving prices to support levels of $11.51 and $0.3877, respectively. Despite sliding to a 24-hour low of $1.46, bulls in the NEAR Protocol (NEAR) market were able to cancel out the negative sentiment.

MANA/USD Technical Analysis

MANA’s market capitalization and 24-hour trading volume fell by 3.74% and 25.06%, respectively, during the bearish reign, to $740,893,275 and $124,675,447, at press time. This decline in market capitalization and trading volume reflects a drop in investor confidence and activity in the Decentraland market.

MANA/USD 24-hour price chart (source: CoinStats)

If the bulls can overcome the adverse sentiment and push MANA over the 24-hour high of $0.414, the next resistance level to monitor is around $0.45. Breaking over this level may draw additional buyers, res…

The post Three Tokens Worth Monitoring in the Market: AVAX, MANA, NEAR appeared first on Coin Edition.

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