Desentraland has tested an important support area on rank midpoint, showing early signs of accumulation. With the volume building and market structure intact, there is a reversal to high resistance.
Summary
- The MANA price area is lower and consolidating above the major support with the 0.618 Fibonacci Conference.
- A breakout requires a daily closure.
- The structure remains rapid during support; Inverted target htfrs.
Desentraland (Mana) has defiled a major support clountor located at the middle point of its current trading. This zone sits between high deadline resistance and high timefall support, which includes the price area low, 0.618 fibonacci levels, and a developing heighting heighting heighting low, which is bolted by technical constructions. The structure suggests accumulation, and a breakout from the region may fuel the next Rali.
Major technical points
- Support Conflict: Price area low, 0.618 fibonacci, and range midpoint support.
- Current Structure: Consolidation on daily time limit, signal on accumulation.
- Breakout trigger: Close above the point of control with rapid volume flow.
MANA’s recent corrective steps brother value action in a significant support area – color midpoint of current high time frimits structure. The area is supported by technically low, 0.618 fibonacci retracement, and a high in the market structure, which all strengthen the capacity for bulls continuity.
After testing this support area, Candides on The Daily Chart have begun to show signs of strength and demand with several holding firms above this major area. The volume profile analysis reflects the initial rapid flow, indicating that buyers are actively postponing this price level.
This phase of the daily section shows that the run is accumulated at the midpoint, which is usually a rapid predecessor for a break. Confirmation of strong support and absent of significant breakdown means that bulls remain under control, reducing the structure.
To make the next leg high, Maina will have to get out of this daily accumulation area. The major deformation will be closer above the point of trigger control, which is now flipped to resistance. A breech and holding this level, eight forms with up-average bullsh volume, will provide the required speed to target the high time limit resistance area near the top of the range.
If this happens, it will also confirm the validity of the bottom structure and like a new rally cycle like kickstart. Failure to break, how, however, will expand the accumulation phase, although
What is expected in the upcoming price action
The current position of the Maina in the material is added with structural and volume-based confederation, providing a high-product setup for a rapid continuity, which is accidental on close-term confirmation signs. Daily consolidation suggests that there is rapid accumulation, but deformation is still necessary.