In early November, Decentraland (MANA) made a significant move by breaking out of its descending resistance line, a trend that persisted since May 2022, starting at $0.38. A notable achievement signaling a potential shift in market dynamics.
However, in a retracement move, MANA revisited and retested this breakout point just yesterday. The current state of being oversold indicates a potential consolidation phase, where the price may stabilize before attempting further moves.
Key points to watch:
Oversold Conditions: With the price currently in oversold territory, a period of consolidation is expected.
Future Targets: Anticipating consolidation, the next potential targets to watch are in the range of $0.50 - $0.58. This range becomes critical for assessing the sustainability of the breakout and potential future upward movements.
However, in a retracement move, MANA revisited and retested this breakout point just yesterday. The current state of being oversold indicates a potential consolidation phase, where the price may stabilize before attempting further moves.
Key points to watch:
Oversold Conditions: With the price currently in oversold territory, a period of consolidation is expected.
Future Targets: Anticipating consolidation, the next potential targets to watch are in the range of $0.50 - $0.58. This range becomes critical for assessing the sustainability of the breakout and potential future upward movements.
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Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.