Decentraland’s MANA is trading between the $0.19 and the $0.40 mark, with downward pressure stalling progress on the upside. As a result, no headway could be made as part of our primary scenario, which calls for prices to break above the $0.85 resistance during an orange five-wave move. Above that level, we anticipate the peak of the larger blue wave (i). Meanwhile, there remains a 25% chance of a new corrective low below the $0.19 mark.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.