The price of MANA has declined by more than 40% in the last 5 weeks. It is currently consolidating on the daily chart with not many signs of a bullish rally. But can the MANA token rise in 2025? And how high can it spike?

YouTube channel, Cheeky Crypto took a deep dive into Decentraland’s (MANA) price trajectory. The video examines potential scenarios for MANA in 2025. The detailed technical analysis offers insights into what traders and investors might expect in the coming year.

The analysis begins with a thorough examination of MANA price action using Fibonacci retracement levels. According to Cheeky Crypto’s assessment, the market has already demonstrated significant strength by breaking above major resistance levels seen in 2024.

A notable “leading diagonal” pattern has emerged, suggesting potential upward momentum. The 200 Exponential Moving Average (EMA) currently serves as a crucial support level, providing a foundation for future price movements.

To understand where MANA might go, it’s essential to look at where it’s been. During the 2020-2021 bull market, MANA achieved an impressive 19,568% increase, reaching an all-time high of $5.90 from a modest $0.03.

However, the 2022 bear market brought a stark reality check, with prices plummeting 96.34% to $0.0261. Cheeky Crypto emphasizes how these dramatic swings highlight the importance of strategic entry and exit points in crypto trading.

Using a combination of Fibonacci retracement levels and Elliott Wave Theory, Cheeky Crypto has identified several key price targets. For the short term in Q1 2025, they project a price range between $1.44 and $1.3364, marking the completion of what appears to be Wave 5 in Elliott Wave Theory.

The mid to long-term outlook for 2025 suggests a broader price range of $1.70 to $3.68, representing potential gains of 200% to 600% from current levels. When measured from the bear market lows, these targets translate to impressive gains of 675% to 1,700%.

The analysis identifies crucial price levels that traders should watch. Initial resistance zones lie between $0.77 and $1.11, followed by a secondary consolidation zone from $1.70 to $3.96. Support levels align with the 0.618 and 0.786 Fibonacci retracement levels, with significant resistance at the 0.5 Fibonacci level.

Cheeky Crypto points out that while previous cycles showed predominantly bullish trends, the 2025 market is likely to exhibit a mix of corrective and impulsive movements. These patterns include contracting diagonals, ABC structures, and triple zigzag corrections.

Notably, they express skepticism about MANA reaching new all-time highs in 2025, as current market sentiment and structure don’t support a rally beyond the previous peak of $5.90.

Read More: Fantom (FTM) Price Could See Major Decline If This Last Key Support Breaks

While maintaining an optimistic outlook, Cheeky Crypto advocates for a measured approach to MANA investment in 2025. Their analysis suggests substantial growth potential while acknowledging the challenges of surpassing previous all-time highs.

The projected range of $1.70 to $3.68 represents significant upside potential while remaining within realistic boundaries based on technical indicators and market dynamics.

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The post How High Could Decentraland (MANA) Price Spike in 2025? appeared first on CaptainAltcoin.

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