MANA/USDT Rebounds from $0.22 Low, Eyes Key Resistance at $0.28
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MANA/USDT – MANA’s Resilience at Major Support Suggests Accumulation Interest
Decentraland is showing early signs of price stabilization after suffering a sharp selloff earlier this week. The token trades near $0.2734, up roughly 3.3% on the day, recovering gradually from the recent drop toward $0.2239.
MANAUSDT Key Zones
Support Zones: $0.2239, $0.1940
Resistance Zones: $0.2810, $0.3263
On the daily chart, MANA remains locked within a wide horizontal range between the $0.22 support base and resistance near $0.32. The rebound that followed the oversold dip suggests a short-term reversal attempt, though the pair remains below major structural resistance at $0.2810.
The Momentum indicator still registers slight negative reading at –0.072, confirming that wider market energy has yet to flip decisively in favor of buyers. Similarly, the Percentage Price Oscillator (PPO) comes in at –1.34, but the narrowing gap between signal and histogram lines shows selling pressure subsiding.
For buyers to confirm a sustainable shift in momentum, MANA needs a daily close above $0.2810 with improving volume. Failure to do so could stall recovery and risk renewed testing of $0.22 support.
Market Expectation
On the 4-hour time frame, MANA/USDT shows a steady climb from the recent floor at $0.2239, trading now around $0.2732. This recovery aligns with a mild bullish shift on lower indicators. The Momentum reading has turned positive at 0.036, indicating renewed intraday drive. Meanwhile, the PPO has crossed higher from –5.41 toward –3.56, hinting at increasing short-term buyer influence.
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