Decentraland Price Prediction: MANA Positioned to Climb to $0.30

Updated: 14 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Decentraland (MANA) collaborated with Inworld to introduce an exciting concept featuring advanced AI known as “ChatGPT on Steroids.”

Despite this innovative move, the overall sentiment around MANA hasn’t improved. The persistent market fluctuations for Decentraland (MANA) have somewhat overshadowed the significance of this initial step towards integrating AI personalities for user interaction.

As of 7:40 a.m. EST, MANA is trading at $0.284735, marking a 3% increase, with a robust 24-hour trading volume of $32 million. However, over the last seven days, it has experienced a slight decline of -3.15%. So, is MANA poised to climb to $0.30?

MANA Bulls Position for Uptrend

MANA/USD Chart Analysis. Source: Tradingview.com — MANAUSD Chart Analysis. Source: Tradingview.com

The price chart for MANA indicates a downward trend with lower lows and lower highs. The bulls have tried to hold the price above the $0.28 support level, pushing it past the previous resistance at $0.74.

However, bears have made it back to the $0.84 resistance level.

This bearish trend is reinforced by the 50-day and 200-day moving averages crossing at $0.53, adding more selling pressure and causing the price to retreat to the $0.28 support level.

Additionally, the simple moving averages are trading above the price.

Additionally, the ongoing struggle between bulls and bears has formed a descending triangle pattern, suggesting a continuation of the bearish trend.

Although the Relative Strength Index (RSI) shows signs of a short-term bullish outcome as it rebounds from the oversold mark of 30, the overall trend remains bearish.

Based on this analysis, MANA’s price is generally in a bearish trend, but there are two possible scenarios depending on the $0.28 support level:

If the bulls gain enough strength, there could be a price surge towards the triangle’s upper trendline, with key levels to watch at $0.37 and $0.44.

However, a candlestick opening below the triangle might lead to the bulls finding support at the $0.02 weekly support zone.

Wall Street Memes offers an alternative to MANA, with their token presale price currently at its lowest and ending soon. MANA investors may consider this opportunity for higher returns.

WSM Last Chance To Buy Before Tier 1 Exchange Listings

Wall Street Memes (WSM) is gearing up for its initial tier 1 exchange offering (IEO) on September 27, and it has already attracted over $25 million in funding during the presale phase with only 11 days to the D-day.

This foray into cryptocurrency isn’t Wall Street Memes’ first venture.

In 2021, Wall Street Memes gained recognition for its NFT collection, “Wall St Bulls,” which remarkably sold out within thirty minutes.

In 2023, the company expanded its NFT endeavors by listing its Wall St Bulls Ordinals NFTs on Magic Eden.

80-year lease paying $300 a month pic.twitter.com/fKcWNQl7SV

— Wall Street Memes (@wallstmemes) September 11, 2023

You can still purchase Wall Street Memes (WSM) at its current price of $0.0337.

Analysts predict a rapid price increase following its official debut on significant exchanges, citing strong fundamentals and positive project news.

With a substantial social media following of one million followers, Wall Street Memes has garnered significant support for its meme coin project.

WSM Staking Strategy, Earn Passive Income

Wall Street Memes offers a staking opportunity with 323 million tokens staked and an attractive annual percentage yield (APY) of 62%. This staking option has garnered significant interest and supports the project’s long-term stability.

The outlined roadmap for its WSM meme coin has the entire token supply distributed to the community. Half is designated for the presale, while the remaining portion is split between liquidity and community rewards.

What's next Cramer? Long floppy disks? pic.twitter.com/CiMBSu4SNB

— Wall Street Memes (@wallstmemes) September 13, 2023

Elon Musk has engaged with Wall Street Memes on Twitter. However, it doesn’t confirm anything, sparking speculation that WSM may be listed on major exchanges in the future, similar to other trending meme coins.

One remarkable aspect of Wall Street Memes is its successful fundraising, having raised approximately $28 million during its presale.

It will have a circulating supply of approximately 1.4 to 1.5 billion tokens upon completion.

As the launch date approaches, 50% of resources are allocated to marketing efforts, with influential YouTubers promoting the project. Additionally, 30% is dedicated to community rewards, and 20% supports liquidity and media streaming initiatives.

When you're so rich you don't pay for anything pic.twitter.com/RVWMuI3H8b

— Wall Street Memes (@wallstmemes) September 10, 2023

Wall Street Memes aims to achieve a $1 billion market capitalization before listing on a tier-1 exchange, potentially leading to price increases. The project’s roadmap outlines clear steps toward this goal, making it appealing to investors.

To sweeten the deal, Wall Street Memes is hosting an airdrop, offering participants the chance to win $10,000 by following them on social media and visiting their website.

The more entries you have, the higher your chances of winning.

The presale process is straightforward: WSM tokens are available for purchase using Ethereum, USDT, credit cards, or BNB. Simply link your Web3 wallet to the token website to acquire the tokens.