Technical analysis by MarketIntel about Symbol MANA on 4/17/2025

Decentraland reacted significantly to the low of April 7 and temporarily achieved an increase of over 50%. Still, there is a 33% chance that the current corrective movement is not yet complete, and we will see a final setback to a fresh low of the green wave alt. [2] in the short term. Primarily, however, we assume that a sustainable bullish trend reversal and the start of a magenta uptrend quintet have already succeeded. Via the magenta and the subsequent interim correction of wave [ii], MANA should now gather momentum for the impulsive breakout of the magenta wave [iii] above the two resistance levels at $0.59 and $0.85.