MANA tried to claw back above the recovery zone between $0.19 and $0.40, but the rally ground to a halt under pressure. The technical picture is iffy. The optimistic Elliott-Wave scenario targeted a push past $0.85, eyeing a larger blue wave (i), yet nothing came of it. Instead, prices remain stuck, and there’s even a 25 percent chance of dipping below the recent low near $0.19 .
So, what’s going on? Traders who hoped for a smooth rebound may have underestimated the selling interest lurking near resistance. There’s a tangible risk of another shake-down before any sustainable lift-off. Maybe this pause is just that—a pause. But maybe it's a warning sign.
Watch the break below that $0.19 level. If it cracks, the bullish case collapses. And if it holds, there may still be room for that breakout. Keep your stop-loss tight.