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Decentraland Price Analysis: MANA Coin May Bounceback from $0.90

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  • MANA coin is slips below $1.17 to $0.98 on Monday’s trading session
  • The 24-hour volume in MANA coin is at 2,070,074,134 with an 39.01% decrease.
  • The MANA/BTC pair was trading at 0.00001644 BTC with a gain of 7.77%
Source: MANA/USD on TradingView

The 4-hour technical chart of MANA coin projects an uptrend. According to pivot points, MANA’s critical support level is placed at $0.90. Whereas if it moves up, the key resistance level to watch is $1.17. While diving into the weekly chart of a 4-hour time-frame, it completes an spinning top candlestick pattern. It means that neither buyers nor sellers could gain the upper hand.

SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above SMA-50 (white) and SMA-100 (red), which projects a bullish trend. The price is way above all the SMA. Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.

RSI indicator (BULLISH), with a value of 61, indicates a buy signal in the coin. Moreover, Investors can see a downward slope in the index from 80 to 61, it may bounce back from neutral zone in future trading sessions.

Decentraland (MANA) Projects A Bull Run

MANA coin price traded at $0.98 with a loss of 3.53% in the last 24-hour and 126.02% up in the weekly time-frame. In contrast, the market capitalization stands at $1.572 billion. Technically, investors may perceive the price is way above all the SMA’s. Moreover, the movement of price can hit above the resistance of $1.17.

Resistance: $1.17

Support: $0.90

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