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$MANA Analysis: Breakout Retest Confirmed – Is the Metaverse Ready for a Leg Up❗️🔥
Decentraland
$MANA is showing significant technical strength this week. After a clean breakout from its recent consolidation phase, the price action is now successfully holding the breakout retest level. With trend indicators flashing green, the bulls appear to be in control of the next move.
📊 Technical Overview
MANA is currently exhibiting a classic "Break and Retest" pattern. The trend strength remains intact as the asset maintains its position above key moving averages. If the support at the current levels holds, we could see a swift move toward the upper resistance zones.
⚡ Trading Setup
• Entry Zone: $0.1174 – $0.1200 (Optimal for accumulation on the retest)
• Bullish Confirmation: Sustain price action above $0.1230 to confirm the next impulsive wave.
• Stop Loss (SL): $0.1120 (Protect capital below the recent swing low)
🎯 Profit Targets
1. TP1: $0.1263 (Short-term resistance)
2. TP2: $0.1320 (Mid-term psychological level)
3. TP3: $0.1400 (Major trend-line target)
🔍 Market Sentiment & Strategy
The Metaverse sector is seeing a renewed interest as liquidity begins to rotate back into high-utility altcoins. Traders should watch for a volume spike accompanying a move past $0.1230 for maximum conviction.
Risk Warning: Cryptocurrency trading is subject to high market risk. Always manage your position size and follow your trading plan strictly.
#MANA #Decentraland #CryptoSignals #BinanceSquare #Metaverse #Altcoins
#TradingStrategy 💫Advisory
Do your own research (DYPR).