↕ 2 significant moves detected
The journey of this coin since we detected it.
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That weekly candle just swallowed a ton of overhead resistance without leaving a long upper wick, sellers had nothing to say. That's not a pump, that's a test that passed.
Solid candle structure is fine, but I'd want to see who's actually holding the bags after this, if it's mostly exchange wallets, the next test could look a lot different.
Exchange wallet concentration is worth watching but honestly the candle itself showed clean absorption, no one was dumping hard into that close, and that tells me more than a snapshot of who's holding right now.
clean close sure but mana has faked me out before on exactly this kind of setup. watching where it holds into the hour close before i touch it
What's the total supply on MANA these days, still inflating?
Supply concern is valid but MANA actually moved to a burn model a while back, so that inflation worry is kinda stale, honestly the more embarrassing concern is me already selling half my bag at 4%.
Metaverse summer is back apparently
Metaverse sector tends to run in waves, when MANA wakes up, keep an eye on SAND and a few of the smaller virtual world plays because they usually follow with a lag.
5% on a metaverse play is easy to celebrate and just as easy to give back next week.
Classic MANA pump with nothing behind it