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Decentraland / TetherUS

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MANAUSDT trade ideas

MANA is gearing up for a major breakthrough!I'm a big fan of meta universes and couldn't just not make a plan for MANA, the leading project in this area! We are technically above 50 EMA and preparing for a breakout from the parallel channel. The project has a capitalization of almost 1 billion and I would expect a hike to the $3 per coin area and reach a capitalization of 6 billion, which corresponds to the 0.5 fibonacci level. This is a huge prospect considering that the next coronavirus analog as well as potential VR development will attract new investors to the project and send it into the space! Horban Brothers.
Long
by horbanbrothers
MANA/USDT Trading ScenarioDespite the rapid growth of BTC and many popular assets in the crypto market, some altcoins from promising projects remain heavily oversold and undervalued. One example is the native token of the Decentraland metaverse — MANA. It is currently trading 95% below its all-time high and is near a local minimum. From a volume profile perspective, the asset is attracting market participants in the current price range, and the accumulation phase has been ongoing for almost two years. If liquidity starts to shift from BTC into altcoins during an altseason, this token could experience significant growth and provide investors with a solid profit.
by Rick_SimpleSwap
#MANTA/USDT#MANTA The price is moving within a bullish channel pattern on the 4-hour frame, which is a strong retracement pattern We have a bounce from a major support area in the color EUR at 0.300 We have a tendency to stabilize above the Moving Average 100 We have an upward trend on the RSI indicator that supports the rise and gives greater momentum, upon which the price depends Entry price is 0.3300 The first target is 0.3752 The second target is 0.4050 The third target is 0.4400
Long
by CryptoAnalystSignal
#MANA: Investing in the Future of Virtual WorldsDescription: This trading idea centers on MANA, the native token of Decentraland, one of the pioneering virtual reality platforms powered by blockchain. MANA serves as the currency within this expansive digital ecosystem, allowing users to purchase land, goods, and services while participating in a decentralized metaverse. As the demand for immersive virtual experiences and digital assets continues to rise, Decentraland’s growing user base and its collaborations with high-profile brands and creators underscore MANA's potential for long-term adoption and growth within the metaverse space. However, it's important to note that investments in cryptocurrencies like MANA are subject to high volatility. Regulatory shifts, technological advancements, and macroeconomic factors can all impact market dynamics and token valuation. Investors should be aware of these risks and develop a robust strategy to mitigate potential downsides. Disclaimer: This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like MANA involves substantial risk, including the possibility of losing your entire investment. Always perform thorough research, evaluate your financial position, and consult with a professional advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
MANA back to GloryThe crypto boom has just begun and with BTC making new ATHs i have decided to start sharing some of my personal crypto plays for this cycle. MANA along with SAND are my metaverse crypto plays that ill be covering during this crypto cycle, have been holding these for a while and think its time for them to bounce back. I have outlined some of my targets but depending on how hot things get we may see a lot more 👀 Added to my position today, best of luck!
Long
by LaMASIA_100
3
The medium term of MANA is super bearishMedium term MANA is super bearish According to the waves that formed in these last two months, the scenario of MANA has become clearer. It looks like we have a big ABC, and wave B is a triangle. The last triangle wave of wave B could end in the red range and then we could see another bearish trend for MANA in the medium term. This is the vision we now have for MANA. Closing a weekly candle above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
1
MANA — Can It Get Even More Bearish? (Spoiler: Yes)Certainly, MANA is among the top 10 worst-performing tokens. While having reached a top of almost $6 during the last bull run, it has now reached the lowest level since 2021: 26 cents! Even worse, MANA is struggling to hold above the most essential support line, sitting at 0.24. Breaking this level in 2021 was the start of a massive run. I know that many people suggest accumulating at this level. It won't get much cheaper, right? Well, in terms of MANA, I think both arguments are wrong. It is widely agreed that the next bull run will be different. Unlike the last run, it is unlikely that all tokens will pump like crazy. Therefore, tokens that have performed so poorly, like MANA, are likely to underperform (or not perform at all) in a bull run. In addition, there is a certain probability that MANA will go lower. If the market continues to be choppy and creates more downside momentum, MANA will likely break its support. That opens the door for another 75% drop. So, the only option I see for touching this token is shorting when it breaks its support.
Short
by ben_walther