Decentraland Price Analysis: Declining Volumes Warns Of Correction; Are You Holding?
The Decentraland price analysis indicates a sideways trend with a bearish sentiment. The upside rally lost its steam near the $1.10-$1.20 resistance zone.
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The Decentraland price analysis indicates a sideways trend with a bearish sentiment. The upside rally lost its steam near the $1.10-$1.20 resistance zone.
In the Metaverse, anything is possible. Want to fly? No problem. What about participating in a life-like dungeon exploration? You got it. But there are two aspects of the Metaverse that many are particularly excited about: owning plots of land and wearing high-end luxury watches, both ordinarily inaccessible to the average person.
Decentraland (MANA) price has been steady in the range of $0.75 to $1.05 as it hovers with intensified upward movement. MANA price on the daily chart is trying to hold the consolidation of the upper trendline from the lows seen on 2021 Decentraland price has managed to hover above 20 EMA and 50 EMA and warming up for the 100 and 200 DMA MANA price has spiked by 0.13% and currently trading at $1.05 Decentraland (MANA) has been sitting within the same region since June 2022.
Towards the end of every month, cryptocurrency investors usually start seeking for potential coins they can buy for the new month. This tradition has dated back many years now and is one that looks to remain.
Like most traders and investors, you're probably looking for the latest news in the crypto space. With the right information, you'll be able to make informed decisions. You'll also learn the latest happenings on the coin market.
The metaverse project Decentraland (MANA) has announced the lineup for its 3rd annual Metaverse Art Week titled The World is Made of Code, which includes “mind-bending” work from contemporary artists and contributions from a Ukrainian non-fungible token (NFT) project.
The metaverse is an area that is amassing huge interest across different industries.
Every once in a while, cryptocurrencies go through a phase where volumes contract and prices are restricted within a narrow range. Well, MANA has been stuck in this phase since June.
Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405.
Decentraland price analysis indicates an extended consolidation. However, the bias still remains positive.
The crypto market experienced one of the worst bear runs in its history.
Well aware of the high volatility risk associated with these digital assets, traders know they can target high returns with relatively low expenses
The bear market is in full gear and Bitcoin (BTC) and the alt coins have not been spared from price slashing. With crypto tokens seeing as much as 80% in price cuts, token holders have become quite reserved and liquidity seems to be exiting the markets.
Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA as observed on the hourly chart. Regardless, the token still trades the sideways horizontal range with $0.75 for support and $1.0 resistance.
Decentraland price is up by 4 percent in today's trading session. The surge in price comes a day after prices almost hit the upper trend line
These three metaverse cryptos each provide a compelling case as a moonshot bet in this rather volatile market right now.
Decentraland, ApeCoin, and The Sandbox are leaders of the Metaverse space. Especially since together, they hold about 40% of the entire market capitalization of Metaverse tokens.
Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices.
Not to be confused with Decentraland, Decentral Games is a non-custodial casino protocol designed to function as a play-to-earn game operator within Decentraland. On the gaming platform, ICE Poker, its Play-to-Earn metaverse poker built around “Texas hold'em,” is the most successful game on Decentral Land.
To be successful in the world of crypto, you need to be able to spot trends from a mile away and tell when a project is giving bluechip vibes.
With bullish momentum starting to wane across the cryptocurrency market, analysts hold varying views on whether the bear run in June brought in the bottom or not. With the total cryptocurrency market capitalization pegged at $1.064 trillion at the time of writing, a mere 1% growth has been logged by all crypto-assets this week.
Metaverse coins worth investing in are all the craze this year. But how to know which ones to invest in, when companies and other investors from all over the world are very interested to invest in the metaverse as well.
Companies and investors worldwide have a keen interest in the metaverse concept. Essentially, the metaverse represents an alternate digital universe where users can interact with each other.
The Decentraland (MANA) price has been on a winning streak for the past four days, accounting for an 11.5% gain. The volume rise during this recovery indicates the traders are confident in rising prices.