In 4h timeframe Chart, Consolidating in Falling Wedge Pattern.
Volume has been Continuously Decreasing since 25th November High.
Now, Expecting Upside Breakout but Bulls Need Decent Volume for it.
In Case of Upside Breakout, Target would be ~5$ ✍️
Set-up looks incredible. there was a bullish pennant that failed. This bullish flag looks like it wants to launch off as every Fortune 500 company is beginning to use the word metaverse and buying copy writes and trademarks. MANA is one way to touch that realm when it comes to crypto.
We are looking at the 2h table graph with a very long sideway which often behaves like a bullish flag. However, with the recent BTC move and long sideways, the market psychology might be a bit bearish on MANA and push BTC price above $120,000. The resistance area of $2.4/MANA is strong but the option may change if the majority of MANA holders decide to not buy...