Do you remember the last bull market? The crazy surge of MANA, easily multiplying 100 times, made many people feel excited. At that time, the metaverse concept was extremely hot, and everyone thought they could make a quick profit. But when the tide receded, looking back, many probably lost everything and were left freezing at the top.

Recently, MANA has come back to life. Its price is skyrocketing, up nearly 20% in 24 hours, and trading volume is also astonishingly high, as if that crazy momentum has returned. Looking at the data, it has broken through the downtrend line, with significant capital inflow. The GameFi and metaverse sectors are also recovering — on the surface, everything looks great.

But I have to pour cold water: this rebound is probably over.

Why do I say that? First, this rapid surge resembles a “pump and dump” scheme. Short-term buying momentum is strong, but it can't withstand profit-taking pressure. Technical indicators have quietly turned, MACD is still high but momentum has clearly weakened, and the price is oscillating near a key resistance level. Looking at the trading volume, a surge in volume is good to see, but if volume increases while the price stagnates, it could be a warning sign.

Second, the current metaverse hype came quickly and might go just as fast. The last bull market overextended expectations, and many projects are still just noise without real substance. Although MANA is backed by Decentraland, its ecosystem hasn't made a qualitative breakthrough. What justifies a sustained rally? Mostly market sentiment swings.

Don’t forget, those who stood at the top during the last bull market might be waiting for this rebound to exit their positions. Once selling pressure appears, a price reversal downward is almost inevitable. History doesn’t simply repeat itself, but human nature remains the same — those chasing the high often end up as “chives” (retail investors caught in the trap).

So, if you're itching to jump in now, I advise you to think twice. Staying calm during crazy market moves is more important than anything. If you missed the first half of this ride with MANA, the risks in the second half could outweigh the opportunities. Protect your principal, wait for clearer signals, and avoid blindly following the herd. $MANA ‌#周末行情分析