Can MANA hit a new all-time high in December?

Decentraland (MANA / USD) saw some huge buying volume as it traded over 10% higher on Saturday. Mana corrected after a sharp rally that took it to a new all-time high, so Saturday's bullish move could mark the end of the correction in Mana.

Mana is the digital asset token used in Decentraland to pay for products and services. Mana can be bought and traded in exchange for fiat cash or other digital currencies, which is why Mana recently rose over 300% in October. The Metaverse hype turned out to be a winner for mana investors as it grew over 400% in just a few months. Mana is now at an important support level and a reversal could be seen soon. Should you buy mana in hopes of a new all-time high soon?

Mana rebounded strongly in early November to hit a new all-time high, whereupon it corrected and is now approaching a key support zone of $ 3.1, which could be the reversal zone for mana.
If a reversal is seen, mana could hit new all-time highs in the coming weeks and start a rally soon.
The RSI is at the support level, suggesting buyers may return soon, which could lead to a reversal.
Investors can wait for mana to break through the 50 day moving average for a safer entry as a break through the 50 day moving average will show that the rising momentum in mana has returned.
Investors need to be careful and place a stop loss below the zone.
Investors can set a target of $ 4.4, followed by $ 5, and possibly a new all-time high.

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