Decentraland Price Prediction for Today, January 21 – MANA Technical Analysis

The Decentraland price prediction shows that MANA is moving higher to stay above the 9-day and 21-day moving averages.

Decentraland Market Price Statistic:

• Decentraland price now: $0.47
• Decentraland market cap: $862.9 million
• Decentraland circulating supply: $1.8 billion
• Decentraland total supply: $2.1 billion
• Decentraland coin market ranking: #73

MANA/USD Market

Key Levels:

Resistance levels: $0.58, $0.60, $0.62

Support levels: $0.36, $0.34, $0.32

The bullish momentum kicks in for MANA/USD as the coin surges above both the 9-day and 21-day moving averages. Presently, Decentraland (MANA) is showing a 0.97% gain, reaching a daily high of $0.48. Notably, the cryptocurrency maintains its position above the moving averages, indicating sustained pressure from the bulls. In the interim, traders can anticipate Decentraland gearing up for a gradual ascent toward the upper boundary of the trading channel.

Decentraland Price Prediction: MANA Price Ready for the Upside

The Decentraland (MANA) price has displayed an upward trajectory since yesterday, consistently trading above the 9-day and 21-day moving averages. Presently, MANA stands significantly above the moving averages, suggesting a potential move toward the upper boundary of the channel to sustain its bullish momentum. Looking ahead, if the 9-day moving average surpasses the 21-day moving average in the coming week, the upward trend might experience a slight elevation. This could result in encountering additional resistance levels at $0.58, $0.60, and $0.62, respectively.

Conversely, a bearish shift below the moving averages could prompt a reversal to the downside, revisiting the initial support level of $0.45. Support levels are anticipated at $0.36, $0.34, and $0.32 in such a scenario. Notably, an increase in trading volume may lead to the 9-day moving average crossing above the 21-day moving average, signaling a reinforcement of bullish sentiments in the market.

MANA/BTC May Face the North

The current Decentraland price against Bitcoin maintains a position above the 9-day and 21-day moving averages at 1142 SAT. While situated in this range, the bulls may find it necessary to bolster buying activity to reach the anticipated resistance level of 1300 SAT. It’s noteworthy that on the daily chart, there’s a potential for the coin to pull back following its peak at 1159 SAT.

Conversely, a crucial support level appears to be established at 950 SAT and below. In the event of a sustained upward movement, there’s potential to attract fresh buyers, with the next significant resistance projected at 1400 SAT and above. Observing these levels will be key for gauging the market dynamics in the coming sessions.

Alternatives to Decentraland

The current trading position of Decentraland (MANA) hovers near the $0.50 resistance level, having reached a daily peak of $0.48 in today’s European session. This upward momentum suggests a potential breakthrough above the 9-day and 21-day moving averages, setting the stage for further gains toward the $0.55 resistance level. Keep a close eye on this development as it unfolds.

However, the Decentraland (MANA) boasts a substantial market cap of $862.9 million, showcasing impressive gains for its size. In contrast, the ongoing presale of Bitcoin Minetrix signals significant potential with an impressive $9.0 million raised. $BTCMTX positions itself for substantial growth, leveraging market dynamics and the strengths of the Bitcoin protocol in mining. The presale stage reflects strong investor confidence in $BTCMTX’s promising future.