MANA MACD bullish crossover appears to be forming

Cup and Handle Pattern:

The chart shows a classic cup and handle pattern. This is a bullish continuation pattern:
The cup phase has completed, showing a rounded bottom, which is a strong base formation.
The handle phase is currently in progress, forming a slight downward consolidation.

Key Levels:

Cup Resistance: Around $0.65 - This is the breakout level from the cup's rim.
Handle Support: Around $0.46 - This is the lower bound of the handle's consolidation.

Key Support Levels:
$0.46 (Handle Support).
$0.22 (Major Horizontal Support).

Projected Target:
Upon breakout above the $0.65 resistance, the target can be calculated by adding the height of the cup ($0.65 - $0.22 = $0.43) to the breakout level. This gives a target of approximately $1.08.

Trend Analysis:

After a strong bullish breakout earlier in the year, MANA is currently consolidating in a descending wedge or falling channel. This pattern is typically bullish if the price breaks to the upside.

The support and resistance lines of the wedge are well-defined, and a breakout is anticipated soon.

Key Levels:

Support: Around $0.2933 (strong horizontal support from previous lows).
Resistance: Around $0.60 (recent highs and psychological level).
Descending Resistance: Defined by the upper trendline of the wedge.
Indicators:

MACD: A bullish crossover appears to be forming, suggesting potential upward momentum.

Volume Oscillator: Low volume during the consolidation phase, which is normal for wedge patterns. Watch for an increase in volume on a breakout.

MFI (Money Flow Index): At 71.09, the MFI is approaching overbought levels but still supports upward momentum.

RSI: At 66.93, the RSI is nearing overbought territory, indicating some caution.

DMI (Directional Movement Index): The -DI (bearish strength) is converging with +DI (bullish strength), and ADX (trend strength) is moderate, suggesting that the trend is undecided but could intensify after a breakout.