Technical analysis by Bar-Pump about Symbol MANA: Buy recommendation (7/6/2025)

Price Prediction:Short Term (1-3 Days):The price may continue to move within the falling wedge, maintaining a downward trajectory. However, there is a high probability of testing the lower boundary of the wedge ($0.1900 USDT).If the price holds above $0.1900 USDT, this could signal a corrective rally toward the $0.2750 USDT level.Medium Term (1-2 Weeks):If the price successfully tests the lower boundary of the wedge and rebounds upward, this could lead to a reversal of the pattern and the start of an uptrend.The target levels after a wedge breakout would be $0.3863 USDT (previous local high).In case of an unsuccessful test of support ($0.1889 USDT), the price may continue to decline toward deeper support levels (e.g., $0.1500 USDT).Long Term (1 Month+):If there is a successful reversal of the falling wedge pattern, this could mark the beginning of a sustained recovery. Target levels could extend beyond $0.3863 USDT, such as $0.5000 USDT or higher.However, if the downtrend continues without reversal, long-term targets could be significantly below current levels.Trading Recommendations:Long (Buy):Entry: After a successful test of the lower boundary of the wedge ($0.1900 USDT) and a subsequent bounce upward.Take-Profit: $0.2750 USDT → $0.3863 USDT → $0.5000 USDT.Stop-Loss: Below $0.1889 USDT (to protect against further declines).Short (Sell):Entry: If the price fails to break above the upper boundary of the wedge ($0.2750 USDT) and begins to decline.Take-Profit: $0.1900 USDT → $0.1500 USDT.Stop-Loss: Above $0.2750 USDT (to protect against a bullish reversal).Conclusion:At the moment, the asset MANA is in a downtrend, forming a falling wedge. This creates potential for both a corrective rally and a continuation of the decline. The key event will be the test of the lower boundary of the wedge ($0.1900 USDT). A successful test could lead to a reversal of the pattern and the start of an uptrend, while an unsuccessful test could strengthen the downtrend.