Bullish penant has formed and consistently held throughout both the dump and subsequent pump of BTC which obliterated most altcoins. MANA is one of the very few coins that has not retraced significantly during the altcoin bloodbath having formed a strong pennant. Record volumes also preceded formation of the pennant, suggesting a huge volume of MANA changing hands and importantly the new buyers being highly confident in the upward potential of MANA. The new wave of NFT token narrative and MANA being the most popular decentralized protocol for NFT and VR-based assets, it is clear it is the frontrunner for the big money to ride the wave of NFT tokens. Grayscale backing further serves as a seal of quality for institutional players to participate. TA indicates the potential to reach north of 2200 sats within Q4 2020.
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