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With these factors fueling it, MANA can stretch to $5 prior to correction
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Decentraland’s native token MANA has generated a monthly ROI of 370% and looked determined to set higher records following a descending wedge breakout. Although the breakout target had been achieved, strong buy volumes could push MANA to its 78.6% Fibonacci level before an overbought RSI triggers a correction.
At the time of writing, MANA traded at $3.62, up by 20% over the last 24 hours.
Source: MANA/USD, TradingView
MANA continued to push north from its breakout target at the 61.8% Fibonacci level and set sights on $4 over the next few sessions. It was also helped by a bullish crossover between the 20-SMA (red) and 50-SMA (yellow). Now interestingly, MANA was the fourth most traded crypto over the last 24 hours, with volumes of over nearly
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