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Decentraland Price Prediction: MANA Price Breaks Short-Term Consolidation; Next Aims For $3.50

Mana value prints achieve for the fourth straight day on Thursday. Though, the worth strikes in a range-bound method however with a bullish bias. The value touched two-week highs close to $2.60. Thus, resulted within the breaking of a short-term buying and selling vary.

  • MANA value trades increased with vital positive aspects.
  • A every day shut above $2.60 will set the route for $3.50.
  • The 200-SMA capped the draw back danger in MANA value.

As of publication time, MANA/USD reads at $2.60, up2.44% for the day with a 24-hour buying and selling quantity of $779,272,033 in line with the CoinMarketCap.

MANA value prepared to maneuver additional up

mana3
Supply: Buying and selling View

On the every day chart, the descending pattern line acts as a powerful resistance barrier for the bulls, which extends from the highs of $3.55. The value tried to cross the resistance line on February 9 however failed to take action. Along with that, depreciated almost 30% from the February 16 highs and briefly fell beneath the important 200-day EMA (Exponential Transferring Common) at $2.41.

At present, the MANA value is once more attempting to breach the bearish slopping line. If that occurs, in that case, the highway shall be clear for $3.0 subsequent.

Moreover, an acceptance above $3.0 with sustained shopping for strain will take out $3.50 simply.

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Then again, a failure to offer a every day shut above the pattern line will invalidate the bullish outlook. The primary draw back goal is positioned at $2.40, which coincides with the 200-EMA.

Technical indicators:

RSI: The every day Relative Power Index pierced above the typical line with sturdy bullish momentum. It at the moment reads at 52.

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MACD: The Transferring Common Convergence Divergence tried to cross above the midline. An uptick within the indicator will strengthen the upside outlook.

Buying and selling quantity: The On Stability Quantity (OBV) rose in accordance with the worth indicating elevated demand as the worth gained.

 

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