Decentraland’s MANA remains stuck in corrective territory and should drift slightly lower in the short term, aiming for a new bear market low in the green correction wave [2]. From that level, the next five-part magenta impulse should take over, pushing the price back above both the $0.59 and $0.85 resistance levels in wave [iii]. However, there is a 33% chance that MANA will progress faster than primarily assumed: the magenta impulse wave alt.[iii] could start directly, driving the price above the two green resistance levels at $0.59 and $0.85. In this alternative scenario, the green wave alt.[2] would be already finished.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.