MANA has just executed a clean breakout from the bullish falling wedge formation on the chart. The structure is textbook-perfect, and what's happening now is a critical retest phase that traders are watching closely.
If the retest holds above the previous resistance level without closing below it, we're likely looking at significant upside momentum building. The next major target sits at 0.3000$, which would represent a meaningful rally from current levels.
This kind of technical setup—wedge breakout followed by successful retest—historically precedes strong trending moves. The confluence of the breakout confirmation and positive retest could be the catalyst for the bullish run many have been anticipating.
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ContractHunter
· 7h ago
0.3 is quite tempting, but I'm more concerned about whether we can truly hold this support. textbook patterns are often the easiest to deceive
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CascadingDipBuyer
· 7h ago
Wedge breakdown pattern has been heard too many times. If it really breaks through 0.3, I'll go live and eat my screen.
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CryptoNomics
· 7h ago
nah textbook wedge breakouts fail like 60% of the time... but sure let's ignore the actual reversion probabilities and just chase price action lol
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BlockchainBouncer
· 7h ago
Textbook-level wedge breakout, the key is whether the retest can hold up, this is the real test.
MANA has just executed a clean breakout from the bullish falling wedge formation on the chart. The structure is textbook-perfect, and what's happening now is a critical retest phase that traders are watching closely.
If the retest holds above the previous resistance level without closing below it, we're likely looking at significant upside momentum building. The next major target sits at 0.3000$, which would represent a meaningful rally from current levels.
This kind of technical setup—wedge breakout followed by successful retest—historically precedes strong trending moves. The confluence of the breakout confirmation and positive retest could be the catalyst for the bullish run many have been anticipating.