Decentraland Price Up 20% to $0.727 – How to Buy MANA

Decentraland Price Up 16% to $0.717 – How to Buy MANA
Decentraland Price Up 16% to $0.717 – How to Buy MANA

Decentraland (MANA) is performing exceptionally well at the moment after massive gains in the past 24 hours. With most of the crypto market trying hard to bounce back from a sudden pullback yesterday, MANA has defied all odds and is leading altcoins in terms of an uptrend.

MANA is trading at $0.727 on major exchanges at the time of writing after a 20% gain.

MANA Price Analysis

MANA Price Analysis July 15
Source: TradingView

MANA is currently experiencing a significant upswing, making it seem like a great buy at moment. If this upswing continues and MANA bulls come into full play, we might see the token push past the $0.80 resistance level. If MANA breaks past this level, it might open up a rally towards $1.

However, the current uptrend might reach exhaustion if investors overbought the token. An overbought situation will trigger a price correction that could rob MANA of some gains made in the past few days. With a downtrend, MANA might reach $0.65 as the critical support for the token.

There is a chance that investors are jumping in now because of the immense gains that the token has made; hence we might see the upswing continue. However, MANA has been fluctuating immensely in the past few weeks; hence there is no certainty whether the token will consolidate at the current levels.

A few weeks ago, Decentraland came into the crypto limelight when Republic Realm, a real estate investment firm, purchased a virtual land worth almost $1 million. The boom of the virtual world and the metaverse will create more use cases for Decentraland; hence a price growth for this token will be witnessed.

Soon, Decentraland is also coming into the limelight again by hosting the first Metaverse music festival based on the Ethereum blockchain. Those who want to be part of the festival can do so through a PC or a VR headset. This festivity could be behind the recent boom in MANA prices.

Where to Buy MANA

Crypto investors who want to buy MANA can do so from eToro. eToro is a reputable cryptocurrency exchange that offers a wide range of tools to help new traders learn from market experts. eToro’s trading fees are also highly competitive, and through a demo trading account, new traders can have a platform where they can train on how to trade cryptocurrencies.

Looking to buy or trade Decentraland (MANA) now? Invest at eToro!

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Remember, all trading carries risk. Past performance is no guarantee of future results.

A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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