Home
News
- 1 Decentraland price prediction is bullish for the long term till it holds $0.3000 support.
- 2 MANA crypto price struggles to climb above the 50-day EMA.
- 3 Decentraland price is recovering in USDT but in MANA/BTC pair.
Decentraland price prediction is bullish and suggests a rise in the long run. However, for the short term, the MANA price is mildly bearish.
MANA crypto price is trying to climb above the 50-day EMA to reverse the short-term trend in favor of bulls. However, due to the strong presence of sellers near the EMA prices are facing resistance.
Decentraland price is near to the demand zone and buyers are trying their best to rebound. The 200-day EMA and the 50-day EMA slopes showcase the trend is in a downward direction.
At the beginning of June, MANA price dropped below the $0.4500 support which triggers panic selling. Prices fell 33% in just 4 trading sessions and hit a low of $0.3050. Luckily, the downfall halted, and the prices entered into the narrow range of consolidation.
Slowly and steadily, MANA crypto price recovers but $0.4500 turns out to be a strong resistance.
Decentraland price is trading at $0.3858 with an intraday rise of 0.26%. The 24-hour volume to market cap is 4.27%. The pair of MANA/BTC is trading at 0.00001320 with an intraday rise of 0.15%.
Decentraland Price prepares for sharp up-move?
Decentraland Price Prediction favors the bulls and suggests a sharp rise is possible. Fresh buyers look reluctant at lower levels but due to strong support, the downside risk is low.
Till the time, MANA price is $0.3500 the probability of bounce back is high. Presently, the price is consolidating for the base formation. If the buyers succeed to break the $0.4500 hurdle then a sharp rise may trigger anytime.
Buyers will gain confidence and recovery may continue to the $0.5000 level. The technical analysis suggests that Decentraland price is recovering from the demand zone and a sudden spike in prices may trigger anytime.
MANA Price formed Doji on a weekly time frame
MANA Price formed a Doji candle on a weekly time frame indicating indecisiveness. The crypto leader BTC Price drops below the $30K mark which negatively impacts the prices of other Altcoins.
The MACD curve generates a negative crossover indicating MANA prices are likely to trade with a mild bearish bias. The RSI at 45 sloping sideways denotes neutral territory and prices might spend some time in the consolidation.
Conclusion
Decentraland price prediction suggests a rise in the long run. MANA price reversed upward from the demand zone but it lost momentum near the 50-day EMA. The technical analysis suggests that MANA price is oversold and a sudden rise may trigger anytime.
Technical levels
- Resistance levels: $0.4500 and $0.5325
- Support levels: $0.3500 and $0.3050
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
