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MANA to the moon; bull pennant presents massive breakout opportunity
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Decentraland’s native token MANA took shape within a bull pennant and projected a massive surge from the pattern. Possibly buoyed by Facebook’s rebranding to “Meta,” Ethereum-based MANA allows users to buy virtual plots of land, who then have the freedom to monetize the plots as they see fit.
On the charts, MANA embarked on a near 600% upwards run to an ATH of $4.9 on October 27. Should bulls capitalize on this opportunity, MANA would set its sight at $9-mark and above.
Source: MANA/USD, TradingView
Consecutive lower highs and higher lows following an earlier rally formed a bull pennant on MANA’s 4-hour timeframe. Based on the flagpole’s length, MANA eyed a 300% upwards run from the breakout point. A close above $3.50 price ceiling could
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