Decentraland: Corrective Territory

Decentraland’s MANA remains stuck in corrective territory and should drift slightly lower in the short term, aiming for a new bear market low in the green correction wave [2]. From that level, the next five-part magenta impulse should take over, pushing the price back above both the $0.59 and $0.85 resistance levels in wave [iii]. However, there is a 33% chance that MANA will progress faster than primarily assumed: the magenta impulse wave alt.[iii] could start directly, driving the price above the two green resistance levels at $0.59 and $0.85. In this alternative scenario, the green wave alt.[2] would be already finished.