Since 2022, MANA has been consolidating between the $0.27 and $0.80 range. Now, it’s making a sharp move toward the critical $0.80 resistance level. This indicates continued confidence in the project and a strong belief in the future of the metaverse.
Technical Outlook:
With BTC holding steady at $90,000, the MANA/BTC pair is signaling a potential recovery from its lows.
A weekly candle closing above $0.80, followed by consolidation above $1.12, could confirm the continuation of an upward trend.
Targets:
TP1: $1.60
TP2: $2.20
Taking profits may be premature at this stage. The bullish momentum should be closely monitored!