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Decentraland: MANA to extend falling wedge before a breakout
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Meta-verse altcoin MANA has taken a step back since its explosive 500% surge towards the end of October. Over the past week, MANA has shed 24% of its value, trading between the 61.8%, 50%, and 38.2% Fibonacci levels.
Considering the squeezed nature of the Bollinger Bands, MANA could trade sideways within its falling wedge before accelerating to the upside. At the time of writing, MANA was trading at $2.77, down by 5.3% over the last 24 hours.
Source: MANA/USD, TradingView
The past week has seen MANA cool off from record levels between the 61.8%, 50%, and 38.2% Fibonacci levels. During this phase, consecutive lower
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