Decentraland's MANA Surges 8% as Bitcoin Rally Boosts Market Sentiment

MANA, the native token of the Decentraland platform, experienced an 8% surge within a single day, breaking through a key long-term resistance level at $0.29. This upward movement has sparked optimism among investors, who are now eyeing the $0.355 level as the next potential target. The recent rally in Bitcoin, which approached the $90,000 mark, has contributed to a more bullish short-term market sentiment, despite the long-term bearish outlook.

The On-Balance Volume (OBV) for Decentraland reached its highest point in 2025, indicating a significant increase in buying pressure over recent weeks. This, coupled with the strong upward momentum, suggests that a bullish breakout past the $0.34 resistance level is a likely scenario. The liquidity heatmap further supports this view, highlighting a key bullish price target where traders could secure profits.

MANA's price action on the 1-day chart has regained a bullish market structure, and the token managed to surpass the long-term support/resistance level at $0.29. These developments prompted an 18% rally on Monday, although the token faced resistance at the $0.34 supply zone. The OBV remaining well above January highs indicates sustained demand for MANA, which could lead to a breakout past the $0.34 resistance zone if this buying pressure continues.

The Relative Strength Index (RSI) is above 60, signaling strong bullish momentum. On the 4-hour chart, the 20 and 50-period moving averages are bullish and acting as dynamic support for the MANA token's price. Key support levels to watch include $0.3 and $0.27. The supply zone at $0.34 represents a bearish order block on the daily timeframe, serving as a good take-profit zone for traders already in long positions. Swing traders may wait for this region to flip to support before re-entering long positions.

The 3-month liquidation heatmap reveals a dense cluster of liquidation levels between $0.3 and $0.36. The rejection at $0.34 indicates that a significant portion of overhead liquidity has been cleared, but the $0.355 region remains a notable magnetic zone. Given the demand behind MANA and its proximity to this liquidity cluster, it is likely that the token will move towards the $0.355 level next. Whether it can break out or experience another temporary retracement will depend on the overall market sentiment and MANA's buying pressure.