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MANA has recently experienced significant price fluctuations, with a short-term increase of 3.32%, triggered at the price level of 0.1585. There are real market driving forces behind this rally.
MysticDAO's MANA presale continues to gain popularity, with over 20,000 wallets linked to well-known social media accounts joining the waiting list. Since the presale spots are limited and are now close to closing, a clear participation window and market expectation have formed. When scarcity on the supply side meets positive demand sentiment, prices naturally tend to rise.
From a technical perspective, the 5-minute timeframe shows the most prominent increase of 3.32%, with a 15-minute holding a 3.26% gain, indicating good short-term momentum. However, the 30-minute chart has turned negative at -0.31%, and the 1-hour has retraced to -2.64%, suggesting larger-scale volatility is still adjusting. The 4-hour timeframe has slightly increased by 2.79%, showing that the medium cycle still maintains some resilience.
MysticDAO's pace seems to be creating FOMO, with over 20,000 wallets in line... that's pretty intense.
But the 1-hour -2.64% correction makes me think we should watch a bit more.
Can the short-term 3.32% increase really hold? I'm a bit skeptical.
If the 0.1585 level breaks, it would be awkward.