Decentraland Price Is Up 160% In 2023, How High Can MANA Go?
Decentraland price keeps zooming in after breaking the $0.7 resistance level on its way to the $0.8 psychological level. Like other tokens in the metaverse, [...]
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Decentraland price keeps zooming in after breaking the $0.7 resistance level on its way to the $0.8 psychological level. Like other tokens in the metaverse, [...]
In Decentraland (MANA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about MANA to analyze
Bullish MANA price prediction is $0.7621 to $2.2728. Decentraland (MANA) price might also reach $3 soon. MANA bearish market price
Bullish MANA price prediction is $1.0709 to $2.2797. Decentraland (MANA) price might also reach $1 soon. MANA bearish market price
Bullish MANA price prediction is $1.0709 to $2.2694. Decentraland (MANA) price might also reach $2 soon. MANA bearish market price
This week, MANA showcased a slew of 2.5% gains. EMAs are also moving above Decentraland’s token’s price. MANA price tallies 2.5% gains MACD looks flat and not showing any bullish sign Decentraland market cap at $1.29 billion At this point, MANA’s price is close to its lowest for 2022. The bears are eyeing a new low for the year while also trying to get on top of the costs below the range of $1.0. Sometime in August, MANA’s price plunged which negatively impacted buyer expectations especially as the coin is still getting massive rejections resulting from the trend reversal. Related Reading: Fantom Surprises With 5% Rally In Last 24 Hours – More Gains Ahead? MANA Price Down In Market Value According to CoinMarktCap, MANA price has nosedived by 3.04% or trading at $0.6949 as of press time. MANA price has depreciated in market value, prompting the bulls to wait for the next big wave or a confirmation of a trend reversal before moving to consolidate into long positions. From July to August, MANA appeared to have allowed the bulls’ entry but has failed to offshoot above the $1.0 price level. With that being said, the key resistance level has been marked at $1.0 while the support zone is at $0.64. Evidently, MANA/BTC has also dropped by 2.9%. After MANA’s price dipped below the 200-day EMA as seen on April 5, 2022, MANA has retreated further since then. On the other hand, all the other EMAs such as 20, 50, 100, and 200 are doing great as they sprint above the current price. The buyers are trying to push the price near the 20-EMA. MANA’s RSI shows a spike from the lower regions. This climb validates the optimistic outlook for the token. Meanwhile, the MACD is looking flat into the negative range as seen in the daily price chart. MACD Shows No Trace Of Bullish Momentum The MACD is not demonstrating any bullish momentum as both the trendlines are moving over the neutral range. RSI is looking bullish as the MANA bulls shoot for a slight bounce above the 20 EMAs. On the other hand, the key support level is near the current levels which means the bears can attempt to short-cover at the earliest possible time. Decentraland is said to be one of the few cryptos that buyers and traders should have on their active wallets, with its huge market cap of over $1.29 billion as of this writing and circulating supply that surpasses that of Bitcoin by at most 100 times. Many blockchain-based or NFT games have aspired for decentralization but it seems Decentraland remains to be one of the few that are ambitious enough to make it happen. Related Reading: BNB Price Watch: The Charts Look Good For Traders – More Green On The Plate? BTCUSD pair breaks past $19K border, trading at $19,445 on the daily chart | Source: TradingView.com Featured image from Smart Valor, Chart: TradingView.com
The MANA relative strength index has shown growth which signals an increase in buying activity. New developments, partnerships in Decentraland contribute to price spike Decentraland social mentions amplified by 89.07% MANA price up by 1.04% There are so many exciting developments happening for Decentraland (MANA), such as the partnership of StadioPlus with LaLiga, a Spanish football league giant. The partnership allows LaLiga to feature themed plots of virtual land starred in Vegas City, which happens to own the biggest entertainment, games, and sports areas of Decentraland. With that being said, a bullish reversal is possible, off-shooting the $0.84 barrier and peaking towards the $1.26 mark. According to CoinMarketCap, MANA price has skyrocketed by 0.15% or trading at $0.7431 as of this writing. Related Reading: Zcash Sheds 14% Last Week, But Analysis Reveals Buying Opportunity MANA/USDT Pair: Sideways Rally The MANA/USDT pair is observed on sideways motion in the last four months. With this rally trend, the $1.15 resistance is now a barrier to any bullish outbreak. However, the $0.756 to $0.74 support levels have set an accumulation of active bullish activity. Following the retracement that occurred in the second half of August plus the massive sell-off in light of the flush of high CPI data, Decentraland’s price has diminished to the key support of $0.71. On the flip side, MANA has retested the support level many times, triggering a recovery. At this point, the buyers can resuscitate the prices from the ground up and set a bull run at the key resistance of $0.756. But, in order to do, the buyer will need to snag the supply level of $0.84 to validate this rally. On the other hand, a breach below the mark of $0.71 signals a downtrend which could lead to MANA losing its $0.71 support. Decentraland Social Metrics Up Decentraland is stirring up enormous social engagement following its development announcements with LaLiga. Stephen Ibbotson, Head of Franchises and Licensing CEP said, “This licensing agreement will allow us to reach a new and significant audience, like that of Decentraland.” The news has dramatically improved the numbers of Decentraland’s NFT. Decentraland social mentions were amplified by 89.07%. Social engagement has also improved by 30.6%. More so, Decentraland’s NFT prices have also spiked to 1.66 ETH showing an increase of 9.42%. Miles Anthony, Decentraland Games’ CEO and Co-Founder tweeted the huge improvement seen in Decentraland towards the end of the Q4. “Yesterday, on day 2 of ICE Poker Flex being live, we hit all-time highs of 614 DAU (Daily Active Users) and 593 tournaments played”, Anthony said. Related Reading: Chiliz (CHZ) Could Be Set For A Hot Streak With This Data MANA total market cap at $1.37 billion on the daily chart | Source: TradingView.com Featured image from Binance Academy, Chart: TradingView.com (The analysis represents the author's personal views and should not be construed as investment advice).
Decentraland (MANA) price has been steady in the range of $0.75 to $1.05 as it hovers with intensified upward movement. MANA price on the daily chart is trying to hold the consolidation of the upper trendline from the lows seen on 2021 Decentraland price has managed to hover above 20 EMA and 50 EMA and warming up for the 100 and 200 DMA MANA price has spiked by 0.13% and currently trading at $1.05 Decentraland (MANA) has been sitting within the same region since June 2022. While MANA is looking for ways to escape the consolidation phase, the bulls are unable to maximize their gains. On the other hand, bulls are headstrong to make a breach from the horizontal range. Meanwhile, MANA’s price has been steady in the range of $0.75 to $1.05 as it hovers with intensified upward movement into the upper lane of the consolidation phase. In order for the token to soar above the restricted area, the bulls should firmly hold on to their posts at the trendline. Decentraland (MANA) Price Surges 0.13% According to CoinMarketCap, the MANA price has surged by 0.13% and is trading at $1.05 as of this writing. Decentraland’s price has managed to jump from $1.037 to $1.05 in the past few hours which also registered an increase in the market value of 4.90%. More so, the intraday trading session also logged a spike of 2.76% in terms of the trading volume. The above figures imply that investors are trying to help out MANA to exit from being pinned into the consolidation phase. Related Reading: SHIB On Fire – And A Bull Run Could Be Around The Corner – Here’s Why MANA Trying To Breeze Past Consolidation Phase Judging by the daily price chart, it looks like MANA price is trying to breach the consolidation phase. In order to do so, MANA bulls must put their heads together to successfully bolster the breach of the token. On the other hand, due to the increase in trading volume, the bears can easily interfere and stop the bulls at any time. Now, for MANA to cleverly breeze past the horizontal range, they must be up to speed. The good news is that technical indicators show MANA’s heightened momentum. The token’s RSI is at 59 and is moving near the overbought levels. This popular metaverse project has experienced extreme volatility like other digital assets, especially in the gush of the crypto winter. More so, MANA price has been bearish since May 2022 exhibiting fluctuations or highs and lows and has not shown a steady gait. It had its ATH of $5.90 which is 81.66% lower compared to its current value. Related Reading: Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend? MANA total market cap at $1.85 billion on the daily chart | Source: TradingView.com Featured image from Voonze, chart from TradingView.com
Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405. MANA price remains bullish with a daily candlestick hovering above $1.0605 hinting further gains. MANA price plunged for the second straight session spotted on Saturday. Current price analysis also shows a prolonged consolidation as a couple of candlesticks would need to close higher than its current level in order to sprint further. Related Reading: Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable MANA Trades At $1.07 According to CoinMarketCap, MANA/USD trades at $1.07 or up by 2.43% as of press time. The 24-hour trading volume improved a bit compared to a couple of hours ago and is currently riding at $148,165,816 or down by 13.47%. MANA price was down by 28% a couple of hours ago so this is definitely a huge improvement so far. A downtrend in price with a reduction in trading volume would usually hint a downside trend but so far the numbers are definitely improving by the hour. Judging by the daily chart, MANA price certainly looks bullish with established higher highs as well as higher lows. Interestingly, the MANA bulls are trying to shift the support into a resistance zone. More so, MANA price was able to break the important 50-day EMA seen at $0.947. Buying Pressure Can Trigger Uptick In MANA Prices It’s wise to note that Decentraland has been trading below the EMA since April. The chart also shows a Doji candlestick pattern indicating some form of indecisiveness or apprehension from investors. But, a reinvigorated buying pressure can surely trigger the prices to go higher. More so, a daily candlestick spotted well above the session’s high leaves a flicker of hope for the bulls. With that said, the bulls will definitely shoot next for the $1.20 level. Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic Generally, the total volume levels would usually go down following a price consolidation. More so, the volume may also pick up close to the highs as seen in the charts. Following the third session high, volume expansion becomes apparent after the downtrend. More so, the breach in the support will strengthen the validity of the pattern. Trading volumes for MANA is observed to be trading below its average numbers for the past few weeks; plus the price trading shooting for a slight uptrend. Now, if MANA price fails to close above the $1.05 mark in the next sessions, MANA might possibly slip into a downtrend. MANA total market cap at $1.98 billion on the daily chart | Source: TradingView.com Featured image from Medium, Chart from TradingView.com
Bullish MANA price prediction ranges from $1.075 to $5.598. MANA price might also reach $8 soon. MANA bearish market price ...
Bullish MANA price prediction is $1.6009 to $3.4810. Decentraland (MANA) price might also reach $6 soon. MANA bearish market price
Ever since the crypto bear market that started in November 2021, Decentraland officially entered a bear market. Prices fell from a high of around $6 to a low of around $1.7. Despite a comeback that made MANA token double in valuation, prices continued on their downtrend. Today, prices are around $2.59. How could the MANA price continue? Is MANA crypto up soon? The chances of rising prices look bad for the time being. Let's explain why in this MANA price prediction article!
What is Decentraland MANA?Decentraland is a virtual world where users can purchase, trade, and create digital real estate, art, and non-fungible tokens (NFTs). Users can achieve this by playing games and joining different ventures in the virtual world. It runs on the Ethereum blockchain. Two various kinds of tokens oversee progress in Decentraland. These are:
The concept is created to follow real estate packages specified by LAND tokens. The Ethereum blockchain is used to trace the ownership of this virtual land, and it urges users to provide their MANA tokens within an Ethereum wallet to join its environment.
The order of Decentraland is split into three zones:
Well, compared to the highs of November 2021, all cryptocurrencies are down. But if we want to analyze MANA price for the short-term, we can definitely spot an interesting formation.
Decentraland price has formed a trend line during the current downtrend, which has led to falling prices. This trend line was tested for the fourth time recently. Today, prices are looking rather bearish, which makes us doubt that the price will break the trendline in a bullish manner. Instead, we assume that the price will fall again. That's why we assume that prices will fall in the short term.
Fig.1 MANA/USDT 1-day chart showing the downtrend of MANA prices - TradingView MANA Price Prediction: How far will MANA Price go down?Should Decentraland price drop from now on, which we expect, we should see prices reach at least $2.50. That is where the first sub-support is, and where Decentraland price could find buyers. If the price breaks this support, we will anticipate the price to drop further towards $2.21. There is slightly stronger support there than the $2.50 support. Because of this, we also assume that the price will not fall below $2.50, and should reverse upwards.
For that specific case, we strongly recommend placing stop-loss areas slightly below $2.21 depending on the risk appetite of each trader. More info on risk management here.
Decentraland MANA© Cryptoticker
Crypto Investors and specifically crypto traders tend to neglect Metaverse Coins in their analysis and focus more on “standard coins” such as Ripple, Iota, Ethereum, Bitcoin, etc. But what about the MANA prices? This Metaverse token managed to increase extremely this year, and even made headlines when its prices soared by around 680%! In this MANA price prediction, we're going to analyze the MANA token from a technical perspective, as it has the potential to boom further higher.
What is Decentraland Crypto?Decentraland is a virtual world where users can purchase, trade, and create digital real estate, art, and non-fungible tokens (NFTs). Users can achieve this by playing games and joining different ventures in the virtual world. It runs on the Ethereum blockchain. Two various kinds of tokens oversee progress in Decentraland. These are:
When Facebook was renamed “Meta”, the Decentraland price was able to increase by several hundred percent and perform an all-time high of around $5.935. This huge increase in prices caused a big profit-taking event that caused prices to tumble. The strong sell-off happened all at once and the price was able to correct up to the GoldenPocket. Since the Decentraland price reached the GoldenPocket, the price has moved rather less. Since the GoldenPocket mostly serves as strong support, and if you look at the overarching chart, we do not assume prices lower than the GoldenPocket (+/- $2.46) for the time being.
Fig.1 MANA/USDT 1-week chart showing MANA retracing to the GoldenPocket - TradingView MANA Price Prediction - Will MANA Token Rise Again?Because the MANA Price is corrected to the GoldenPocket, we have formed a possible ABC sequence. This sequence can help us determine the new high or all-time high. In that case, we look at the 100 extension line and can read that the new high could be near $7.85. This would mean an increase of about 175%. The only requirement here is that the MANA Prices hold the GoldenPocket and don't fall below it.
Fig.2 MANA/USDT 1-week chart showing the ABC sequence - TradingViewTechnical traders approach trading and analyzing charts differently. You might decide to follow support/resistance levels, or maybe look at Fibonacci retracements or even trading volumes. What's always important on the other is to always determine your risk tolerance, manage it, and make sure to stick to your plan. MANA prices reached a strong support area, which was confirmed by many indicators. That's why we believe that further highs might occur soon.
On the other hand, this is all dependant on the performance of the entire cryptocurrency market as a whole. If the crypto market suffers from an additional bearish market, MANA prices might follow lower. That's why placing adequate stop-loss levels will always be beneficial.
You can purchase MANA on crypto exchanges like Binance , Coinbase , Kraken , and Bitfinex.
Decentraland © Cryptoticker
The post MANA Price Prediction – Potential MANA Token BOOM of 175% soon? appeared first on CryptoTicker.
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