Decentraland (MANA) Price Prediction — Will MANA Hit $2 Soon?
- Bullish MANA price prediction is $1.0709 to $2.2694.
- Decentraland (MANA) price might also reach $2 soon.
- MANA bearish market price prediction for 2022 is $0.6695.
In Decentraland (MANA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about MANA to analyze the future movement of the cryptocurrency.
Decentraland (MANA) Current Market Status
According to CoinGecko, the price of Decentraland (MANA) is $0.698618 with a 24-hour trading volume of $96,800,141 at the time of writing. However, MANA has increased nearly 2.5% in the last 24 hours.
Moreover, Decentraland (MANA) has a circulating supply of 1,813,352,332 MANA. Currently, Decentraland (MANA) trades in cryptocurrency exchanges such as Binance, Coinbase Exchange, OKX, Upbit, Bybit and LBank.
What is Decentraland (MANA)?
Decentraland (MANA) is the native token of Decentraland, a decentralized virtual reality platform. MANA was launched in 2017 as an ERC-20 token. Users purchase various in-game assets using MANA. They also receive voting rights by holding Decentraland (MANA) tokens.
Decentraland deploys two different tokens, MANA and LAND. MANA serves as the governance token and digital currency of the project. LAND are the native non-fungible tokens that represent the plots of the metaverse.
The unique features of Decentraland persuaded popular brands to foray into the metaverse. Starting from Samsung to JP Morgan, they established their projects in Decentraland. Interestingly, crypto enthusiasts from Arizona adopted Decentraland in order to arrange their first metaverse marriage.
Decentraland (MANA) Price Prediction 2022
Decentraland (MANA) holds the 44th position on CoinGecko right now. MANA price prediction 2022 is explained below with a daily time frame.
The above chart of Decentraland (MANA) laid out the horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Decentraland (MANA) is in the range of $0.6969. If the pattern continues, the price of MANA might reach the resistance levels of $0.8780, $1.1218 and $2.1915. If the trend reverses, then the price of MANA may fall to $0.6802.
Decentraland (MANA) Support and Resistance Levels
The chart below shows the support and resistance levels of Decentraland (MANA).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Decentraland (MANA).
| Resistance Level 1 | $1.0709 |
| Resistance Level 2 | $1.6059 |
| Resistance Level 3 | $2.2694 |
| Support Level | $0.6695 |
The charts show that Decentraland (MANA) has performed a bullish trend over the past month. If this trend continues, MANA might run along with the bulls overtaking its resistance level at $2.2694.
Accordingly, if the investors turn against the crypto, the price of Decentraland (MANA) might plummet to almost $0.6695, a bearish signal.
Decentraland (MANA) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Decentraland (MANA) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of MANA lies below the cutoff line, indicating weaker participants in the current trend.
Also, the Moving Average (MA) of Decentraland (MANA) is shown in the chart above. Currently, MANA is in a bearish state. Notably, Decentraland (MANA) price lies below 50 MA (short-term), so it is completely in a downtrend. Therefore, there is a possibility of a reversal trend of MANA at any time.
Meanwhile, the relative strength index (RSI) of the MANA is 42.26. This means that Decentraland (MANA) is in an oversold state. However, this means a major price reversal of MANA may occur in the upcoming days. So, traders need to trade carefully.
Decentraland (MANA) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Decentraland (MANA). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Decentraland (MANA). Currently, ADX of MANA lies in the range of 39.3044, so it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Decentraland (MANA). RVI measures the constant deviation of price changes over a period of time. The RVI of MANA lies below 50, indicating low volatility. In fact, the RSI of Decentraland (MANA) is at 42.26, thus confirming a potential buy signal.
Comparison of MANA with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Decentraland (MANA).
From the above chart, we can interpret the price changes of BTC, ETH, and MANA are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MANA also increase or decrease respectively.
Decentraland (MANA) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Decentraland (MANA) might probably attain $4 by 2023.
Decentraland (MANA) Price Prediction 2024
With several upgrades in the network, Decentraland (MANA) might enter a bullish trajectory. If the coin grabs the attention of major investors, MANA might rally to hit $6 by 2024.
Decentraland (MANA) Price Prediction 2025
If Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, MANA would rally to hit $8.
Decentraland (MANA) Price Prediction 2026
If Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, MANA would rally to hit $10.
Decentraland (MANA) Price Prediction 2027
If Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, MANA would rally to hit $12.
Decentraland (MANA) Price Prediction 2028
Despite the trends in the highly-volatile crypto market, if Decentraland (MANA) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, MANA would hit $14.
Decentraland (MANA) Price Prediction 2029
If investors flock in and continue to place their bets on Decentraland (MANA), it would witness major spikes. MANA might hit $16 by 2029.
Decentraland (MANA) Price Prediction 2030
With greater advancements in the Decentraland ecosystem, the crypto community might continue to invest in MANA for the next 8 years and drive significant price rallies for the token. Hence, Decentraland (MANA) might hit $18 by 2030.
Conclusion
With continuous improvements in the Decentraland Network, we can say that 2022 is a good year for MANA. For this reason, the bullish price prediction of Decentraland (MANA) in 2022 is $2.2694. On the other hand, the bearish price prediction of Decentraland (MANA) price prediction for 2022 is $0.6695.
Furthermore, with the advancements and upgrades to the Decentraland ecosystem, the performance of MANA would help to reach above its current all-time high (ATH) of $5.85 very soon. But, it might also reach $2 if the investors believe that MANA is a good investment in 2022.
FAQ
MANA is the native cryptocurrency of Decentraland, a blockchain-based metaverse. Decentraland (MANA) was launched in 2017. Users can purchase and trade assets in the Decentraland ecosystem using MANA.
Decentraland (MANA) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, OKX, Upbit, Bybit and LBank.
With the ongoing developments and upgrades within the Decentraland platform, MANA has a high possibility of reaching its ATH soon.
On November 25, 2021, Decentraland (MANA) reached its new all-time high (ATH) of $5.85.
Decentraland (MANA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Decentraland in the past few months, MANA is considered a good investment in 2022.
Decentraland (MANA) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Decentraland (MANA) will hit $2 soon.
Decentraland (MANA) price is expected to reach $4 by 2023.
Decentraland (MANA) price is expected to reach $6 by 2024.
Decentraland (MANA) price is expected to reach $8 by 2025.
Decentraland (MANA) price is expected to reach $10 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
