Manna (MANNA): Does it Score Poorly on Long-Term Trading Metrics Wednesday?

Wednesday, July 05, 2023 07:42 AM | InvestorsObserver Analysts

Manna receives a strong long-term technical score of 100 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. MANNA currently holds a superior long-term technical analysis score than 100% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Manna a 100 Long-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's price is $0.0155505 (399.43%) above its 100-day moving average price of $0.003893223 as its price at the moment sits at $0.019443740. Additionally, MANNA is $0.0194179 (-42437495.31%) higher than its 52-week low price of $0.000025875 while -$0.00112807 (-48515.70%) under its 52-week high of $0.020571809. The current trading price in relation to its long-term average along with its 52-week high and low, gives MANNA a strong long-term technical score of 100. Long-term trading movement of Manna suggest that investors are neutral on the coin at the moment. Currently, volume and market capitalization data is not available for MANNA. The lack of available data is typically a sign of either a new coin or token brought to market or one with extremely low volume and value levels that it is not picked up by leading data providers. No recorded volume or market cap usually correlate with highly volatile coins that may not be the greatest investment choice for the majority of investors. However, those looking for newer cryptos may find coins such as Manna extra intriguing.

Summary

Technical analysis of Manna over the past year results in the crypto receiving a a strong long-term technical score of 100 as its price movement in that time has given traders reason to be neutral on the coin in the long-term. Click Here to get the full Report on Manna (MANNA).