📊 Technical Analysis: MANA/USDT – Aiming for New Highs? 🚀
The Decentraland (MANA) token has been showing a promising uptrend, surging by +14.82% in the past 24 hours. With strong trading volume and bullish indicators, it’s worth diving into the technicals to assess potential price targets.
Current Price: $0.4053
24h High: $0.4579
24h Low: $0.3512
Key Levels to Watch 🔑:
1. First Target – $0.4259 (SAR Level):
The Parabolic SAR indicator at $0.4259 signals a potential continuation of the uptrend. This level is a key resistance and a logical first target if the bulls maintain momentum. A breakout above this could open the door for higher levels.
2. Second Target – $0.4610 (Recent High):
The next resistance lies near the $0.4610 mark. If the price continues to rise, this level is crucial as it aligns with previous highs, which could act as a significant barrier for further gains. A clean break above this would suggest a strong continuation of the bull trend.
3. Third Target – $0.50 (Psychological Level):
A round figure like $0.50 often acts as a psychological resistance level. If the price breaks through $0.4610, reaching $0.50 could be a realistic target, especially with continued positive market sentiment and volume.
Key Support Levels:
$0.3831 – Recent low, a key support level to watch if the price pulls back.
$0.3512 – The 24-hour low, a solid support zone in case of further downside.
Market Sentiment & Volume:
MANA has been seeing increased trading volume with 154.61M MANA traded in the last 24 hours, indicating strong investor interest. The 65.21M USDT in volume suggests that there is significant liquidity supporting this move.
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