Fib or Flop? MANA’s Make-or-Break Moment as It Tests Critical Support

MANA coils like a spring at key Fibonacci level—will metaverse bulls pounce or get trapped?

Decentraland's token flirts with danger as trading volume dries up. No one's buying the 'metaverse revival' narrative...except bagholders.

Technical Outlook:

- Stuck in a 3-month range that'd bore even a DAO governance bot

- RSI flatlines at 45—not dead, not alive, just crypto-zombie mode

- Whales accumulating? Or just recycling 2021 hopium?

Final Take: Either we're witnessing the calm before a 50% breakout...or another 'buy the dip' into oblivion. Place your bets—the house always wins.

Key technical points:

• Rejection from Value Area High: MANA was rejected near $0.38 resistance
• POC Lost: Price has broken below the point of control, signaling weakness
• Confluence Support Zone Ahead: 0.618 Fib + midrange zone is critical for bullish defense

The rejection from the top of the range confirms that buyers were not ready to push through resistance, and price is now seeking equilibrium within the range. The 0.618 Fibonacci retracement, which intersects with the midpoint of the trading range, forms a high-confluence support zone. This region is technically significant, as it has previously acted as both resistance and support in prior market rotations.

Should MANA react positively to this support and generate bullish price action with strong volume, it WOULD likely initiate a rotation back toward the range high at $0.38, a level that hasn’t seen a clean retest in quite some time. The presence of volume at this zone is the key confirming factor. Without meaningful buy-side volume, the level may fail to hold, leading to a continuation of the broader range.

If the 0.618 confluence fails, the next likely move would be a sweep of the swing low, targeting the range low support around $0.19. This would continue the sideways pattern that has persisted for months. A break below this level would shift the broader structure toward a bearish bias.

To exit this drawn-out range, MANA needs a clear breakout with sustained volume. Until then, price action will likely remain range-bound. False breakouts are a common feature in this kind of structure, so volume confirmation is critical. Traders should be patient and wait for the price to show intent, either through a strong reaction from midrange support or a clear volume-backed break from the range.

What to expect in the coming price action

MANA is approaching a confluence support zone. A strong reaction could fuel a rotation back to $0.38. If support fails, expect a move toward $0.19. Volume will be decisive.