Decentraland (MANAUSD) Falls as the Market Respects the Bearish Order Block

MANAUSD Analysis: 

MANAUSD falls as the market  honors   a  bearish order block.  A  bearish order block  has  formed at $0.5300 as the price  plunged  after a short  period   of   consolidation.  

The  market  direction  is  currently  bearish. This  decline   started  after a distribution  period  above the  psychological  $0.7000  level.