$MANA Breaks Key Levels with Potential for Massive Surge in Early 2025

• $MANA has broken key resistance and is now positioned for a potential surge in early 2025.  
• Traders predict a rally toward $1.50 to $2.00 based on strong technical signals and recent breakout momentum.  
• The recovery could align with broader crypto market trends as buyers drive demand for the coin.  

MANA token has caught the attention of traders as its recent price action signals the opportunity for a  rally. The analysis by World of Charts  on January 1, 2025, highlights a major breakout from a long-term descending trendline. 

This could push the coin to new heights, with price targets set between $1.50 and $2.00 for the first quarter of 2025. With these developments, the key question is whether it can maintain its momentum and capitalize on this breakout.

Support and Resistance Levels Show Promise

The technical analysis identifies critical zones that have shaped $MANA’s recent price movements. The chart points to a strong resistance zone around $0.40-$0.50, where buyers have consistently stepped in to prevent further declines. This level has been crucial for stabilizing the token after prolonged bearish trends and setting the foundation for the recent recovery.

Above this, a resistance zone near $0.80-$0.90 had previously acted as a barrier, but $MANA recently broke through it. The breakout above this level, which was tested multiple times in prior months, suggests renewed buyer confidence. Traders often see such moves as a sign of increasing demand and a shift in sentiment toward bullish momentum.

The long-term descending trendline, which has kept $MANA’s price under pressure since its peak, has also been decisively breached. Historically, breaking out of such trends has marked the beginning of strong recoveries in many assets. For $MANA, this could indicate the end of its bearish phase and the start of a new growth cycle.

Projected Rally Gains Market Attention

The  study includes a projected target range of $1.50 to $2.00, which represents an impressive potential increase of over 247 percent. This projection is based on historical price behavior, where similar setups have led to rallies. The chart highlights how $MANA has followed a pattern of consolidation followed by explosive growth, making the current setup particularly promising for traders.

Technical indicators further support the possibility of a rally. The representation mentions tools such as the EMA and MACD, which are often used to measure market trends and momentum. These indicators suggest that $MANA’s momentum is shifting in favor of buyers, providing additional confidence in the upward trajectory.

The breakout structure on the chart also suggests that key resistance levels have turned into support, creating a stronger foundation for continued upward movement. This aligns with broader trends in the crypto market, where many assets are showing signs of recovery after a challenging year.