Join Our Telegram channel to stay up to date on breaking news coverage
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: $0.45
- Decentraland market cap: $869.5 million
- Decentraland circulating supply: $1.8 million
- Decentraland total supply: $2.1 million
- Decentraland coin market ranking: #60
MANA/USD Market
Key Levels:
Resistance levels: $0.55, $0.60, $0.65
Support levels: $0.35, $0.30, $0.25
MANA/USD begins the bullish movement as the coin breaks higher aiming to cross above the upper boundary of the channel. At the moment, the Decentraland (MANA) is making a gain of 10.28% and touches the daily high of $0.46. However, the crypto is managing to keep its price above the 9-day and 21-day moving averages. Meanwhile, traders can expect Decentraland to prepare itself steadily for a ride toward the upper boundary of the channel.
Decentraland Price Prediction: MANA Price Ready for the Upside
In the last few days, the Decentraland price has been facing the north, trading above the moving averages. At the time of writing, the Decentraland (MANA) is trading well above the moving averages and it likely crosses above the upper boundary of the channel to continue the bullish movement. However, the ongoing trend may move a little bit higher in the coming week if the 9-day moving average crosses above the 21-day moving average, therefore, any further bullish movement could hit additional resistance levels at $0.55, $0.60, and $0.65 respectively.
However, a bearish drop below the moving averages may roll the market back below the moving averages and to the initial support level of $0.40. Meanwhile, the support levels could be located at $0.35, $0.30, and $0.25. As the trading volume increases, the 9-day MA is likely to cross above the 21-day MA, which indicates that more bullish signals may come into play.
MANA/BTC Goes Bullishly
Against Bitcoin, Decentraland is currently trading above the 9-day and 21-day moving averages. The price is changing hands at 1215 SAT as the technical indicator points to the upside. However, the daily chart reveals that the coin is retreating after touching the daily high of 1237 SAT.
On the contrary, the critical support level could be found at 950 SAT and below. Meanwhile, a higher sustainable move may likely attract new buyers to the market with the next resistance at 1400 SAT and above.
Alternatives to Decentraland
The current trading position of Decentraland (MANA) hovers near the $0.45 resistance level, having reached a daily peak of $0.46 in today’s European session. This upward momentum suggests a potential breakthrough above the upper boundary of the channel, setting the stage for further gains toward the $0.52 resistance level. Keep a close eye on this development as it unfolds.
Meanwhile, the Decentraland (MANA) $869.5 million market capitalization is noteworthy, displaying unusual explosive gains for a token of its size. In contrast, Bitcoin Minetrix’s presale price hints at significant potential surges. Positioned for substantial growth, $BTCMTX leverages both market dynamics and the fundamental strengths of the Bitcoin protocol in the mining sector. Despite its early presale stage, $BTCMTX has already raised an impressive $4.3 million, reflecting strong investor confidence in its promising future.
New Crypto Mining Platform - Bitcoin Minetrix
- Audited By Coinsult
- Decentralized, Secure Cloud Mining
- Earn Free Bitcoin Daily
- Native Token On Presale Now - BTCMTX
- Staking Rewards - Over 50% APY
Join Our Telegram channel to stay up to date on breaking news coverage
