- The extended downtrend of MANA ends as it produces a 20% gain while experiencing steady bullish market conditions.
- Critical resistance at $0.2981 serves as the main price barrier for potential movement toward $0.40–$0.45 price levels.
- The support at $0.2576 changed from resistance during a crucial time for preserving the upward direction of market trends.
Decentraland’s native token, MANA, has broken out of a prolonged descending channel, signaling a potential shift in its short-term market direction. The MANA token increased by more than 20% after an extended period of price control which showed the first clear sign of breaking its multi-month decreasing trend.
REGO MANA Breaks Trendline, Hints at Potential Reversal
REGO MANA has maintained its downward pattern since late 2024 by creating distinct resistance and support boundaries through its lower highs and lower lows. This ongoing downward price movement extended across Q1 2025 to prevent the market from reversing.
A breakout happened when MANA exceeded the descending trendline’s upper border supported by robust price behavior and rising market activity. Technical developments like this indicate a reduction of selling pressure which introduces a possibility of new trend formations. A previous horizontal support breaking at $0.2576 transformed into support after the breakout occurred.
Price Action and Key Levels
A 7.8% increase pushed the cryptocurrency to a price of $0.2826 at the time of writing. A decisive breakthrough occurs when the candle elongates past established maximum levels. The $0.2981 resistance level stands as the subsequent area that investors need to watch.
The trading price could continue rising after breaking this resistance level while aiming for the $0.40-$0.45 target area which matches technical indicators on the graph. The trading pair strength between MANA and Bitcoin and Ethereum showed growth at 6.8% and 3.2% as the market demonstrated support for all trading combinations.
MANA Eyes Reversal at Key Resistance
The market watchers continue to monitor if traders can push prices through the $0.2981 resistance level. If prices reverse at $0.2981 they will likely recheck the $0.2576 breakout area. A successful sustainability of buyer control during the breakout could start reversing MANA’s extended downtrend since most of its historical period while creating a broader price recovery trend.
