MANA, one of the leading metaverse tokens, has surged from the $0.28 level to $0.77, a strong resistance zone and a critical decision level for its next move. In my opinion, if the price breaks above this level and successfully retests it, turning the resistance into support, we could see a push toward higher price targets indicated on the chart.
However, a successful push and rally could establish a new trend, potentially leading to appreciation in other tokens within the same category as investor confidence grows across the metaverse sector.
On the other hand, a failed breakout or rejection at this resistance could lead to a retracement, sending the price back to the lower zone around $0.35–$0.28.
Follow for more chart ideas and insights.
NFA: This is not financial advice—always conduct your own research and trade responsibly.
However, a successful push and rally could establish a new trend, potentially leading to appreciation in other tokens within the same category as investor confidence grows across the metaverse sector.
On the other hand, a failed breakout or rejection at this resistance could lead to a retracement, sending the price back to the lower zone around $0.35–$0.28.
Follow for more chart ideas and insights.
NFA: This is not financial advice—always conduct your own research and trade responsibly.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.