- Currently, 50.22% of the MANA coins are held by whales.
- The market cap dominance of the MANA coin is 0.053%.
Decentraland (MANA) describes itself as an Ethereum blockchain-based virtual reality platform enabling users to generate, explore, and monetize content and applications.
Launched after a $24 Million initial coin offering (ICO) in 2017, the virtual world initiated its closed beta in 2019 and became accessible to the public in February 2020.
Price Data of MANA Coin
The MANA coin is currently trading at $.41, with an advance of -1.05% in the last 24 hours. The total circulating supply of the coin is 1.89 Billion coins and volume/market cap is 0.08.
Currently, 50.22% of the total coins are held by whales, and the rest 49.78% come under the retailers and investors.
The total 24-hour volume of the MANA is $65 Million with a total market cap dominance of 0.053%.
Price Vs Volume Analysis
The price of the MANA coin increased in the last few weeks. The increasing price resulted in a rise in volume which signals the presence of active participants in the market.
Decentraland Technical Analysis
The MANA coin price is showing an uptrend momentum in the weekly timeframe. The value of the currency has increased by over 38% in the previous month.
The coin has shown a breakout from the ascending triangle pattern, signaling a rise of bullishness in the market. The overall structure of the MANA is positive and is likely to hit fresh swing highs in the upcoming days.
Technical Indicators View:
The MACD line of the Decentraland (MANA) coin is presently showing an upward trend, signifying a positive direction.
Additionally, the RSI for the Decentraland coin is around the 52 level, indicating a positive zone and increasing the likelihood of a potential price rise.
Conclusion
The MANA coin is showing an uptrend momentum in the weekly timeframe. The price is increasing by forming a higher high pattern. The MANA coin has also given an impressive return in the last month and the indicators are positive for the coin. Hence, the price is expected to rise in the upcoming days.
Technical Levels
- Support Levels: $0.26 and $0.18
- Resistance Levels: $0.52 and $0.65
Disclaimer
The views and opinions of the author, or anyone else in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.