Coin

<ul class="news-points"> 
 <li>MANA enters the “depression” phase of the market psychology cycle.</li> 
 <li>At this phase, the market sees low volatility and trading volume.</li> 
 <li>LDO appears poised to break out of an ascending triangle.</li> 
</ul> 
In a series of posts on X (formerly Twitter), analyst Ali Martinez noted that the metaverse-based token MANA and the governance token of the Lido DAO, LDO, are two assets primed for a rally in the short term.&nbsp; 
<h2 class="wp-block-heading" id="h-mana-might-have-something-else-planned">MANA Might Have Something Else Planned</h2> 
Martinez assessed <a href="https://coinedition.com/decentraland-mana-price-prediction/">MANA’s price movement</a> and noted that the altcoin’s price is currently in the “depression” phase of the typical market psychology cycle.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="608" height="705" src="https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull.png" alt="" class="wp-image-359640" srcset="https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull.png 608w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-259x300.png 259w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-380x441.png 380w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-77x89.png 77w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-384x445.png 384w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-213x247.png 213w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-207x240.png 207w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-142x165.png 142w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-182x211.png 182w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-60x70.png 60w, https://coinedition.com/wp-content/uploads/2024/01/Ali-Crypto-bull-65x75.png 65w" sizes="(max-width: 608px) 100vw, 608px">
 <figcaption class="wp-element-caption">
 <a href="https://twitter.com/ali_charts/status/1742739374964457840" target="_blank" rel="nofollow">MANA</a>
 </figcaption>
 </figure>
</div> 
An asset’s price is said to be in this phase when it has previously recorded highs and now experiences a decline. The phase is commonly marked by low investor sentiment, impacting trading activity and resulting in low trading volume. 
Also, the asset’s price may fluctuate within a narrow range, reflecting the lack of strong buying or selling pressure in the market. 
According to Martinez, “this stage might present a unique opportunity to acquire MANA before a potential market upswing!” 
However, an assessment of MANA’s performance on a da…
The post <a href="https://coinedition.com/mana-enters-depression-phase-ldo-may-see-bullish-breakout-soon/">MANA Enters ‘Depression’ Phase; LDO May See Bullish Breakout Soon</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

MANA Enters ‘Depression’ Phase; LDO May See Bullish Breakout Soon

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