MANA/USDT Consolidation Analysis: Key Levels to Watch
Since 2022, MANA/USDT has been consolidating within a tight range, forming a classic triple bottom pattern on the charts. This indicates strong support at lower levels and the potential for a significant breakout.
If the price successfully breaks above the key resistance level at $0.80, we could see a bullish rally, with targets as high as $5.70 in the long term. However, if the price fails to hold above the current support and breaks down below $0.25, the next potential downside target could extend to as low as $0.06.
This consolidation phase highlights a critical period for MANA, with traders closely monitoring these key levels to anticipate the next major move. As always, risk management and market sentiment should be considered when taking positions.