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Mana

MANA/USDT bullish momentum? 👀 🚀 MANA Today Analysis💎 Paradisers, gear up for a fantastic opportunity with MANAUSDT! Currently, it's situated in a demand zone and is setting the stage for a bullish rally👀 💎 MANA is closely following a falling wedge pattern and is on the brink of a breakout. When viewed on a higher time frame, the asset shows significant buying pressure, indicating that short-term bullish moves are likely. 💎 Keep an eye on the pronounced supply zone above; the price is expected to approach this level soon. If you're considering trading Decentraland exercise caution and set a stop-loss at approximately 1.75% of your margin. Keep your charts updated and Stay one step ahead of the market 🌴
Long
by MyCryptoParadise_Simon
🔥 The Best MANA Trade You Can Make Over a month ago I made an analysis on MANA where I went in detail on this trade. Basically, this falling wedge trade has the potential to be a portfolio defining trade with a risk-reward almost 100. As of this week, the trade has been entered. This is a long-term trade with a run-time of likely over 1 year. Patience is key with this trade. My overall view of the market has been quite bearish recently, but that doesn't mean that we can't look for good entries like this one. Always keep your eyes open for opportunities in the market.
Long
by FieryTrading
17
Decline, Ranges, and Trend AwaitedDue to low demand, the cryptocurrency MANA has been consistently dropping in value over the past month. This decline has been exacerbated by widespread selling across the market, leading to the currency's lowest price in 2023. The previous strong upward trend has been broken due to this selling pressure. Looking at the price patterns on a 4-hour and short-term basis, we can observe a range between $0.33 as the upper limit and $0.27 as the lower limit. Additionally, there's a smaller range within $0.295 to $0.289, which could be useful for short-term trading. However, given the potential for significant and unpredictable price movements in MANA, it's not advisable to trade within this narrow range. To anticipate price growth, it's necessary to wait for changes in the trend pattern on the 4-hour timeframe.
by MonoCoinSignal
6
MANAUSDTThis is a 1D frame analysis for MANAUSDT As you can see, the price is currently fluctuating on its weekly support. We expect it to break above the 4-hour resistance line again and move towards the next resistance line. However, if it fails to break above the support line and fully penetrate below it, you may see lower numbers. Suggestion: Those who intend to buy can do so if the price breaks above the support line for the mid-term and, as I said before, the market is very volatile and there is a possibility of further drops, so make sure to manage your capital accordingly.
by MarsSignals
🔥 MANA Best Long-Term Trade For Next Bull-Run: High Gains🚨If you enjoy this analysis, please give it a like and a follow. MANA has been losing value for nearly 2 years at this point. However, I anticipate that there's some decent money to be made on MANA in case this falling wedge pattern plays out as I expect. MANA looks weak, and will likely lose more value in the coming weeks/months. I'm going to be very patient for MANA to see more selling and step in around the bottom support of the falling wedge. Stop around 10% below the wedge's support, target at 5$. This results in a massive risk-reward of almost 95. If this plays out, this trade can be your best trade of the decade with a huge 95x return on your risk.
Long
by FieryTrading
23
MANA- Bullish& Bearish scenario explainedAfter the high back in February, Mana has re-entered its downtrend. However, this recent drop stopped again in the 0.3 zone and the coin shily started to rise again. The touch of 0.44 zone resistance led to a drop and at this moment we have two possible scenarios, both for bulls and for bears. Bullish scenario: As I said, the drop from 0.85 stopped again at the 0.3 zone and this could mark a bottom. Also, in support of this bullish scenario, we have the ascending triangle pattern in which the coin is trading since June. For this scenario to come into play, we need a break above 0.44 resistance. In such an instance, the coin could rise to 0.6 zone, and considering a stop loss slightly under 0.4 we found also achieve a 1:3 R:R Bearish scenario: Even though we have a reversal from the 0.3 low twice, the trend is still bearish for the coin, and the two days ago reversal from horizontal resistance reinforces the bearish idea. For confirmation of down continuation, bears need to push the price under 0.4 and in this case, ManaUsdt could make a new low under 0.3 to around 0.25
BINANCE:MANAUSD
by Mihai_Iacob
4
MANA Decentraland and the Altcoin Season ThesisIf you haven`t sold MANA here: Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MANA Decentraland, for which my price target is $0.50. Looking forward to read your opinion about it!
Long
by TopgOptions