MANA/USDT Weekly Analysis : Key Support and Resistance

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MANAUSDT

The image is a weekly trading chart for MANA/USDT (Decentraland/TetherUS) from TradingView. Here are some key observations from the chart:

1. **Current Price**: The current price of MANA is $0.3454.

2. **Historical Highs and Lows**:
- The highest price shown on the chart is approximately $5.90.
- Significant resistance levels are marked around $0.988 and $1.4975.

3. **Volume Profile**:
- There is a significant amount of trading volume clustered around the $0.7051 level.
- Another cluster of high volume is observed around the $1.4975 level.

4. **Support and Resistance Zones**:
- The chart shows major support around the $0.25 level.
- Major resistance levels are highlighted around $0.988, $1.4975, and further up towards the $5.90 region.

5. **Price Movement**:
- The price has experienced significant fluctuations, reaching its peak around $5.90 before descending.
- Recent price movements have been fluctuating around the $0.25 to $0.35 range.