$MANA jumps 2.7% in 15m on 5.7x volume — bullish pressure is building, but the next move depends on the retest
My bias remains bullish on MANAUSDT as the 1h structure is clearly bullish, supported by the daily and weekly trends. Price is also holding comfortably above both EMA20 and EMA200, keeping the broader setup constructive.
The 5.7x volume spike combined with a strong +2.7% 15m move and positive taker flow points to genuine buying interest rather than a simple short squeeze. OI is also elevated relative to the move, while negative funding suggests shorts may still be positioned against the trend.
Key levels to watch:
- Entry zone: 0.1030–0.1010
- Re-accumulation support: 0.1010–0.1003
- TP1: 0.1066
- TP2: 0.1111
- TP3: 0.1183
- Extended target: 0.1222
- Trend invalidation: 0.0951
I would not chase the current spike. The better setup is a controlled pullback into 0.1030–0.1010 followed by bullish confirmation such as a strong wick rejection, bullish engulfing, liquidity sweep, or lower-timeframe structure shift.
If momentum remains strong, a clean break above 0.1066 could open the path toward 0.1111 and potentially 0.1183–0.1222.
The main risk is BTC, which is still showing bearish pressure. That means volatility can increase even while MANA's own structure remains bullish.
As long as the 1h structure holds above 0.0951, I favor buying confirmed dips rather than chasing pumps. A 1h close below 0.0951 would invalidate the bullish thesis and shift my focus toward downside.
Flow: OI $5.6M (-6.9% 24h) | Funding -0.0054% | Taker 1.10x
Wait for the retest. Let price confirm the demand before entering.
Not investment advice. Educational report only.
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