Decentraland Price Prediction: MANA Price Advances Toward $3.40 Amid Sustained Buying Momentum

MANA value seems satisfied to usher in extra positive factors because it extends the earlier week’s positive factors. An acceptance above the draw back development line will arrange a roadmap for the continuation of the upside momentum.

  • Mana value trades increased with respectable positive factors.
  • A break above the descending development line amid shopping for strain will see extra positive factors in the direction of $3.40.
  • The speedy draw back may very well be discovered on the 50-day EMA at $2.62.

MANA value seems for additional upside positive factors

Supply: Buying and selling view

On the day by day chart, the MANA value is dealing with an upside barrier close to the descending development line from the highs of $3.55 made on February 9. Nevertheless, the value stands comfortably above two essential shifting averages of 50-day and 200-day EMAs at $2.61 and $2.42 respectively.

Along with that, the buying and selling quantity additionally supported the present value motion. A break of the bearish slopping line will open the gates for additional positive factors within the asset.

A day by day shut above the bearish development line with sustained shopping for strain will goal the horizontal $3.20 resistance degree.

Subsequent, market members will intention for the highs of February 16 at practically $3.40.

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On the flip aspect, a fall beneath the session’s low will invalidate the bullish concept for the value. The primary draw back goal may very well be discovered on the 50-day EMA at $2.61.

A resurgence within the draw back strain would additional exploit the horizontal help degree at $2.40.

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As of writing, MANA/USD is buying and selling at $2.76, up 0.99% for the day with a 24-hour buying and selling quantity of $487,761,731 in keeping with the CoinMarketCap.

Technical indicators:

RSI: The day by day Relative Power Index traded above the typical line. It at present reads at 60 which signifies the market continues to be removed from over-heating.

MACD: The Shifting Common Convergence Divergence inches above the midline with a bullish bias.

Trending Quantity: The On Stability Quantity indicator exhibits elevated demand strain together with positive factors in value.

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