$MANA is approaching a key resistance level around $0.37. A break above this could open the way toward $0.60.
Several analyses note the long consolidation around ~$0.35, and that previous attempts to push above ~$0.40 failed. If bulls succeed now, it could mark a breakout.
๐ข Stronger On-Chain & Investor Behavior
There has been increased speculative inflows into $MANA via decentralized exchanges (DEXs) and institutional wallets.
Also, average holding times are rising, indicating more long-term conviction rather than just short-term speculation.
On the metrics front, some indicators like the net unrealized profit/loss (NUPL) are deeply negative, meaning many holders are โunderwaterโ โ often seen as a potential bottoming signal.
$MANA #BNBBreaksATH
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