MANAUSDT

$MANA

🔶 Strong Support Zone (Demand Zone):

MANA/USDT is currently testing a major weekly support area between $0.20 – $0.30, a zone that has historically acted as a strong demand level since 2021. Price has bounced off this region multiple times, indicating strong buyer interest and potential for a bullish reversal.

🔶 Chart Pattern:

There is no classic pattern like a double bottom or head & shoulders, but price structure shows signs of horizontal accumulation, which resembles a Wyckoff re-accumulation phase—a typical base formation before a strong upside breakout.

🚀 Bullish Scenario:

If the price holds above the $0.25 support and forms a higher low, a bullish continuation is likely. The following resistance levels could serve as potential upside targets:

1. $0.3610 – Initial resistance and confirmation level.

2. $0.5475 – Intermediate psychological level.

3. $0.8109 – Former supply zone.

4. $1.0661 – Major resistance from 2022.

5. $2.7291 – $5.0666 – Long-term targets if macro bull trend resumes.

> Bullish Confirmation: A strong weekly candle close above $0.36 with high volume could spark a major rally.

🔻 Bearish Scenario:

If price breaks down below $0.25 and closes below it on the weekly timeframe, it would invalidate the bullish structure and may trigger further downside towards:

$0.13 – $0.07, the historical lows seen in early 2021.

> Bearish Confirmation: A weekly close below $0.25 with increasing volume would suggest sellers are back in control.

🧠 Conclusion:

MANA/USDT is at a pivotal point within a long-standing support zone. Holding this level could result in a strong upward move, but a breakdown would indicate further bearish pressure. Traders should watch this zone closely for confirmation in either direction.

#MANAUSDT #Decentraland #CryptoTrading #TechnicalAnalysis #AltcoinAnalysis

Decentraland (MANAUSD) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024.
This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally.
This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs.
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#Decentraland #MANA/USDT #MANA #signals #MANAUSDT

$MANA

Decentraland ( #MANAUSDT ) almost touched its 1W MA200 (orange trend-line) last week, following the bullish break-out above the Bear Cycle's Lower Highs trend-line 3 weeks ago. This is the last confirmation it needs before it validates the Cycle's parabolic rally as the 1W MA200 was were the price was rejected on March 04 2024.

This sequence resembles the bullish break-out pattern of August 03 2020 that also turned the 1W MA50 (blue trend-line) into Support and after a consolidation, by late December 2020 it initiated the parabolic rally.

This rally rose by +3390% before the first correction back to the 1W MA50, so if MANA continues to repeat that previous Cycle, it can rise as high as $18 before it corrects. The 1W RSI sequences between the two fractals also highlight their striking resemblance, as both are rising on Higher Highs on a Bullish Divergence against the price's Lower Highs.