Decentraland reacted significantly to the low of April 7 and temporarily achieved an increase of over 50%. Still, there is a 33% chance that the current corrective movement is not yet complete, and we will see a final setback to a fresh low of the green wave alt. [2] in the short term. Primarily, however, we assume that a sustainable bullish trend reversal and the start of a magenta uptrend quintet have already succeeded. Via the magenta and the subsequent interim correction of wave [ii], MANA should now gather momentum for the impulsive breakout of the magenta wave [iii] above the two resistance levels at $0.59 and $0.85.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.