4 min readFollowing a strong bullish push during April, MANA broke above a long-term descending trendline that had capped price action throughout early 2025. This breakout marked a potential shift in the broader trend, and we are now seeing price pull back and find support.
At the time of writing, MANA is finding support at the daily 50 EMA, which aligns closely with the 0.618 Fibonacci retracement level of the recent upswing. This area is often referred to by traders as the “reload zone” (between the 0.618 and 0.786 Fib levels), as markets frequently retest this region before attempting another move higher.
If this support level holds, the first initial resistance to watch is the recent local high and the first trouble area (FTA) at $0.33. A sustained break above this level could open the path toward the next area of interest around $0.40, where the daily 200 SMA is also positioned, adding further confluence to that resistance zone.
On the downside, a failure to hold the current support area could see price move toward the next minor support at approximately $0.2630.
As always, traders should closely monitor price behaviour around these key levels, especially as market sentiment in the altcoin space remains highly sensitive to broader crypto market trends.
Trading involves risk.
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