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MyCryptoParadise
Mar 13, 2024 10:41 AM

MANA/USDT It required Breakout for Continue the upward Move! 

Decentraland / TetherUSBinance

Description

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💎 MANA has indeed made its mark in the cryptocurrency market with significant market dynamics. Currently, MANA is facing resistance at the supply area.

💎 If MANA successfully breaks out above this area with a confirmed daily candle close, it can probability continue its upward movement and reach our target area.

💎 However, if MANA fails to break out above the supply area, there is a potential for the price to be rejected and gradually move downward towards the demand area around 0.574 to establish a new momentum.

💎 At the demand area, it is crucial for MANA to bounce decisively to attempt another breakout above the supply area. Failure to hold the support could indicate a bearish reversal, leading MANA back to downward movement, potentially reaching lower levels.
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