ManaMana usdt Daily analysis
Time frame daily
Risk rewards ratio =2 👈👌
Target 1.1$
mana is one of the gaming tokens that offers earning potential . explore the potential of gaming tokens, offering lucrative opportunity in play to earn and virtual economies
Technical: mana had a good growth to ex high price but couldn't reach to new high in this year. Price fell down to save energy and now is the best time to pump and break strong resistance boxes ( red boxes in fhe chart) and reach my target on 1.1$
But if it can't break the resistance, don't worry. New year holidays will help to gaming tokens like mana and sand and etc.
Mana
MANAUSD a 1-year parabolic rally is starting. DON'T MISS IT!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)📊 MANA Analysis
🔹 Overall Status:
MANA has successfully broken out of its descending channel. However, it failed to push higher after reaching the weekly resistance (red zone). Currently, the coin is correcting and pulling back from this resistance toward the top of the descending channel.
🔹 Daily Timeframe Analysis:
Correction of the Uptrend:
The upward wave, which started from the bottom of the channel, has now retraced to the 0.382 Fibonacci level.
Forecast:
This correction might deepen further and test lower support levels, such as 0.5 or 0.618 Fibonacci levels.
🔹 Weekly Timeframe Analysis:
If MANA can break its weekly resistance:
The price could rally toward the gray zones.
These zones align with the 1.618 and 2.618 Fibonacci levels.
🔹 RSI and Entry Signals:
The RSI entering the Overbuy zone on both daily and weekly timeframes can act as a trigger for entry.
✅ Conclusion and Recommendations:
1️⃣ Key Support and Resistance Levels:
0.382 Fibonacci level (current support).
Red zone (weekly resistance).
2️⃣ Entry Strategy:
Gradual laddered entry after confirming support or breaking the weekly resistance.
Support confirmation could include retesting and stabilizing at these levels.
3️⃣ Monitor RSI:
Pay close attention to RSI signals on the daily and weekly timeframes to ensure trend strength.
4️⃣ Risk Management:
Laddered entries help reduce investment risks and allow for adjustments if deeper corrections occur.
💡 Pay close attention to price behavior, manage your risk effectively, and stay alert to key support and resistance zones.
Alikze »» WIN | Breaking the necklineIn the weekly time, after a complete correction cycle, after the failure of the dynamic trigger, it has entered an upward phase, and the green box can be considered as a support for the continuation of the upward path of this currency. The first supply zone must be broken to continue, which will at least have the ability to return to the 0.0017900 zone. Therefore, if the green box does not break to the bottom and does not stabilize to the bottom, the specified goals will be reachable.
If the behavior and structure of the post changes, it will be updated.
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MANAUSDT Set for Channel Breakout!MANAUSDt Technical analysis update
BINANCE:MANAUSDT price has formed a descending channel on the weekly chart, which has been developing over the past 930 days. The price is now approaching the channel's resistance line, with rising volume observed in recent weeks. Additionally, the price is trading above the 100 EMA. Once the breakout is confirmed on the weekly chart, a strong bullish move can be anticipated.
TradeCityPro | MANA : Aiming for the Top of the Box👋 Welcome to TradeCity Pro!
In this analysis, I’ll review MANA, the native token of the Decentraland project, one of the most well-known Metaverse initiatives. This coin has seen significant growth in recent weeks.
⏳ Weekly Timeframe: Approaching the Box Ceiling
On the weekly timeframe, we observe a long-term range lasting 826 days. The bottom of this range is at 0.2501, while the top lies at 0.8170. Over the past few weeks, the price has moved from the bottom of the box, breaking above 0.4165, and has now approached the ceiling at 0.8170.
✨ If RSI breaks above the 74.42 resistance level and the price stabilizes above 0.8170, additional bullish momentum could enter the market. In this case, the first target would be 1.1101, followed by 2.1776. Should the price consolidate above these levels without showing signs of weakness, the all-time high (ATH) of 5.0563 may also be achievable.
⏳ Daily Timeframe: Momentum Exhaustion?
On the daily timeframe, we see a parabolic move originating from the bottom of the range and now testing its ceiling.
📈 Currently, after testing the 0.7859 resistance, the price has pulled back to 0.5631. Interestingly, there’s no visible divergence in the RSI, indicating a healthy trend. If RSI re-enters the Overbought zone, the next leg up could commence.
🔽 In a potential correction scenario marked by reduced volume, the price might enter a time correction phase, ranging within the current area. For price correction, the key level to watch is 0.3926.
🚀 Breaking through 0.7859 could initiate a long-term bullish trend toward the ATH.
⏳ 4-Hour Timeframe: Futures Triggers
On the 4-hour chart, more granular details of the previous move are visible. The price has currently retraced to 0.382, aligning with the 0.5631 level. If the correction continues, the 0.5 and 0.618 levels could serve as suitable targets.
🔼 For a long position, breaking above 0.7316 and consolidating above this level would be ideal, potentially initiating a new bullish leg. If RSI enters the Overbought zone, significant momentum could drive the market. Breaking above the 50 level on RSI would also signal the end of bearish momentum and a possible trend reversal.
❌ As for a short position, I prefer not to open one unless a trend reversal is confirmed. Currently, there’s no trigger for shorting, and I recommend avoiding counter-trend trades.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
MANAUSDT - Price Target Looking for a target at around $15
I think the bear market on this one is nearly over and it will explode upwards this alt season
The % increase of this up coming run is less than the prior one as the earlier one was most likely a lot more of an aggressive upward move.
Daily timeframe
Decentraland / MANA Decentraland price today is $0.58 with a 24hour trading volume of half a billion dollar. MANA price is up 96% in the last two weeks
Decentraland is a decentralized, traversable, three-dimensional, virtual reality platform being built on the Ethereum blockchain. The platform focuses on the ownership of parcels of digital land where users can create unique environments in a virtual world. Content creators will be able to prove ownership of, and capture value from, their contributions to the platform. Users will be able to traverse unique areas of content, which can be clustered into districts, giving content creators targeted traffic and allow for spatial discovery of new content by users. Currently, users gather, interact, share content, and play games primarily on large proprietary platforms like Facebook. The team believes that a decentralized model will allow participants to realize several benefits over current centralized services. Users and contributors will be able to benefit from transactions that occur on the platform, instead of allowing some or all of the revenue to flow to a single party. Furthermore, a decentralized platform will reduce the risk of censorship and vulnerabilities due to infrastructure failures or security breaches. Decentraland uses two tokens, LAND and MANA, which allow users to interact with the platform. Individual ownership of land parcels are represented by non-fungible LAND tokens containing the coordinates of a single point on the grid and a reference to the details of each parcel. Ownership details are managed through a ledger on a smart contract. To acquire LAND users must burn ERC20 based MANA tokens. MANA tokens are also used for the purchase of in-game goods and services.
Mana first big resistance is 0.9$ and 0.4-0.5 is a good dip zone. monthly MACD and RSI giving positive and buy signal too
#MANA/USDT#MANA
We have a bearish channel on a 4-hour frame, the price moves within it and adheres to its borders well at this price.
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 0.5858
The first target is 0.6526
The second goal is 0.7243
the third goal is 0.8046
#MANA (SPOT) entry range( 0.2510- 0.3110) T.(0.5990) SL(0.2388)BINANCE:MANAUSDT
entry range ( 0.2510- 0.3110)
Target1 (0.3819) - Target2 (0.4660)- Target3 (0.5990)
1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high.
SL .1D close below (0.2388)
*** collect the coin slowly in the entry range ***
*** No FOMO - No Rush , it is a long journey ***
**** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX #ID #AXS #MANA ****
MANA is gearing up for a major breakthrough!I'm a big fan of meta universes and couldn't just not make a plan for MANA, the leading project in this area!
We are technically above 50 EMA and preparing for a breakout from the parallel channel. The project has a capitalization of almost 1 billion and I would expect a hike to the $3 per coin area and reach a capitalization of 6 billion, which corresponds to the 0.5 fibonacci level.
This is a huge prospect considering that the next coronavirus analog as well as potential VR development will attract new investors to the project and send it into the space!
Horban Brothers.
MANA/USDT Trading ScenarioDespite the rapid growth of BTC and many popular assets in the crypto market, some altcoins from promising projects remain heavily oversold and undervalued. One example is the native token of the Decentraland metaverse — MANA. It is currently trading 95% below its all-time high and is near a local minimum.
From a volume profile perspective, the asset is attracting market participants in the current price range, and the accumulation phase has been ongoing for almost two years. If liquidity starts to shift from BTC into altcoins during an altseason, this token could experience significant growth and provide investors with a solid profit.
#MANA/USDT#MANA
The price is moving in a descending channel on the 1-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.2980
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.2988
First target 0.3045
Second target 0.3121
Third target 0.3200
The medium term of MANA is super bearishMedium term MANA is super bearish
According to the waves that formed in these last two months, the scenario of MANA has become clearer.
It looks like we have a big ABC, and wave B is a triangle.
The last triangle wave of wave B could end in the red range and then we could see another bearish trend for MANA in the medium term.
This is the vision we now have for MANA.
Closing a weekly candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Decentraland: Breakout?MANA recently experienced an upward movement and is currently trying to leave our magenta Target Zone (between $0.1371 and $0.3154). We attribute this development primarily to the magenta wave (iv). The price may should leave the range briefly, but then come back to complete the green wave (2). Consequently, we continue to keep the Zone active so that it can be used to open long positions. Stops could be placed around 1% below the lower edge. From a technical perspective, however, there is also the possibility that the low of the green wave alt.(2) has already been set. This option will come into play with a direct rise above the resistance at $0.37.