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- 1 The Decentraland crypto (MANA) recorded a decline of 0.98% in the last 24 hours, trading at $0.4546.
- 2 The technical tools for the MANA crypto asset are exhibiting bullish strength as MACD has cut the signal line from below.
The Decentraland crypto asset is demonstrating bullish strength and upward momentum as its price is approaching major 20, and 50-Day EMAs from below after taking support on support at $0.3935.
The technical tools for the MANA crypto asset are exhibiting bullish strength as MACD cut the signal line from below and has formed a bullish crossover with a broadening width. Meanwhile, the histogram is at 0.0019 which is the gap between both MACD and RSI lines, which are at -0.0075 and -0.0095 respectively.
The RSI is at 48.48 which is above 14-SMA which is at 46.26, thus implying that the MANA crypto asset is approaching a positive territory and can push further up. The space will broaden as the space will be wide after crossing the 50 level on the RSI indicator.
Moreover, the MANA crypto asset price action is displaying bullish qualities and can advance further. As it’s previous price structure has presented good performance in the last week, and three months by 3.15% and 25.25%, respectively.
At the time of publishing, the Decentraland crypto (MANA) is experiencing a slight decline of 0.98% in the last 24 hours, trading at $0.4546 and the overall trend seems bullish from the last three months.
Besides, the MANA crypto has shown a sign of comeback as the price trying to recover from a key level by sustaining above $0.3935 on the chart.
The MANA crypto looks ready for a massive surge, as it is in a building stage for buyer’s strength to blast through the barrier and skyrocket to new levels.
Therefore, if the demand increases with great momentum the MANA crypto price could bounce back swiftly toward testing the supply region again. In the probable bullish rally scenario, the next goal for the price could be to reach $0.4950.
However, if the MANA crypto price fails to stay above the $0.3935 level, it could slump down further.
Summary
MANA price highlights the bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The Decentraland price action highlights a bullish view at the time of publishing, as it recently attempted to surge from a crucial level.
Moreover, the technical parameters of the Decentraland price suggest the continuation of the uptrend, reliant on the buyer’s surge, over the daily time frame chart. The RSI and EMAs suggest and portray bullish signs regarding the MANA price.
Technical Levels
Support Levels: $0.3935
Resistance Levels: $0.4950
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
