Decentraland: Rally Stalls Below Key Resistance

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Decentraland’s MANA is trading between the $0.19 and the $0.40 mark, with downward pressure stalling progress on the upside. As a result, no headway could be made as part of our primary scenario, which calls for prices to break above the $0.85 resistance during an orange five-wave move. Above that level, we anticipate the peak of the larger blue wave (i). Meanwhile, there remains a 25% chance of a new corrective low below the $0.19 mark.

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