- MANA coin price is currently seeing a bearish trend and can soon test the higher level in the future. It has observed a gain of more than 5% in the past 24 hours
- Decentraland technical indicators suggest a strong upside trend in the future. Meanwhile, MANA/BTC pair is trading with a gain of more than 3.5%
Why Invest In MANA Crypto?
MANA crypto price downside correction seems to be coming to an end and can soon revert to a new high in the future. Decentraland is currently trading near the value of $3.411 and has seen a gain of more than 4% in the past 24 hours. They define themselves as a virtual reality platform that is powered by ETH blockchain. In this platform one can purchase, plot, build, navigate and monetize. Decentraland was launched in 2017 and its main net came into existence in 2020. MANA is an ERC-20 token that must be burned to have ERC-721 tokens to take the land. They can also be used to pay for a range of avatars and other things. The token has an ROI of more than 10316% which has made investors very profitable.
MANA coin market cap along with the market dominance is seeing an upside trend which can soon push it to a new high. The volume of the coin can also see a strong surge in the future. The volume to market cap ratio of the coin hints towards a strong upside trend in the future. One can forecast huge momentum in the future
Bulls Of MANA Crypto Are Ready For The Next Momentum
MANA coin on the weekly technical chart hints towards a strong downside momentum for the future. Decentraland coin is looking to recover the previous momentum for the future. Meanwhile, the support region of the coin can be found near $3. It is currently trading above the 50 and 100 Daily Moving Average. The 50MA line is near $1.26 and is acting as temporary support of the price. There is a strong upside momentum probability of the asset of the future. If the asset price jumps above 15 to 20% above the current level then a strong upside trend can be seen. One can invest in Decentraland according to their needs and risk capacity.
Conclusion
Decentraland coin is currently observing a strong upside trend and can soon break above the new high. MANA/BTC pair can also see a new high in the upcoming days.
Technical Level
Major Resistance:$4
Major Support: $2