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

Published 01/04/2024, 04:21 PM
Updated 01/04/2024, 04:45 PM
MANA Enters ‘Depression’ Phase; LDO May See Bullish Breakout Soon

  • MANA enters the “depression” phase of the market psychology cycle.
  • At this phase, the market sees low volatility and trading volume.
  • LDO appears poised to break out of an ascending triangle.

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.

MANA Might Have Something Else Planned

Martinez assessed MANA’s price movement and noted that the altcoin’s price is currently in the “depression” phase of the typical market psychology cycle.


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 MANA Enters ‘Depression’ Phase; LDO May See Bullish Breakout Soon appeared first on Coin Edition.

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