MANAUSD Market Witnesses a Bullish Breakout
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Market Analysis: Price Experiences a Bullish Breakout
MANAUSD market price experienced a bullish breakout as its bearish trend came to a halt in mid-October 2023. The coin’s market then broke structure to the upside, indicating preparedness for an ascent.
MANAUSD Key Levels
Demand Levels: $0.2600, $0.4600
Supply Levels: $0.6800, $0.8300
The push-up in the Decentraland price was followed by a retracement; however, the pullback was short-lived as the 4-hour market structure shifted to bullish.
The price structure shifted with a strong bullish candle, showing strong bullish characteristics. The moving average also supports the
uptrend as the current price action is above its mark.
MANAUSD Market Expectation
MANAUSD has shown a tendency for a bull run; therefore, previous lower highs are targeted as liquidity. On the 4-hour chart, following a shift in market structure, it is anticipated that the price will retrace to the order block before continuing its ascent.
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