Is Manna (MANNA) Heading the Right Direction Monday?

Monday, January 30, 2023 01:03 PM | InvestorsObserver Analysts

InvestorsObserver gives Manna a weak short-term technical score of 26 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. MANNA has currently traded better than 26% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Manna a 26 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Manna!

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Trading Analysis

Manna is $0.000119 (65.70%) above its 30-day low of $0.000181546 while -$0.000377 (-55.61%) below its 30-day high of $0.00067762. In addition, MANNA's current price of $0.000300823 is under its 30-day moving average price of $0.000405279, leading to a weak short-term technical score. Overall the recent trading history of Manna suggest that investors are bearish on the coin at the moment. MANNA has a low market cap compared to the majority of coins with a total market value of $198,983.93. Manna's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Manna's average volume is low as $0.12 worth of the coin is typically traded over a 24 hour period. MANNA's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the past 24 hours MANNA's volume is below its average with $0.02 exchanged.

Summary

Manna's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on Manna (MANNA).