Price Analysis and Market Outlook for MANA

MANA has exhibited a consistent downward trend over the past month. Following a negative response to the resistance level at $0.69, the currency's price breached the upward trend line and retraced back to established support levels. A range of support has been identified around the price point of $0.44, which aligns closely with the 0.618 Fibonacci retracement level. However, considering the previous analysis which identified support within the $0.40-$0.43 range, there remains a possibility that the price may reach this level and elicit a stronger reaction than the current one.

Nevertheless, should the price rebound from this range, there are indications suggesting the correction may be nearing its conclusion, especially if a significant breakthrough of the $0.50 resistance level occurs. Additionally, considering the timeframe, the price is currently within the expected range for the completion of the correction wave. Consequently, if a robust recovery materializes above the aforementioned threshold, it is likely that the price will experience growth in the ensuing days.