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Synopsis: mana Decentraland price right now is $ 2.69, with a 24 hour trading volume of $ 458.00M, market cap of $ 4.94B, and market dominance of 0.22%. The MANA price increased 1.97% in the last 24 hours.
Decentraland reached its highest price on Nov 25, 2021 when it was trading at its all-time high of $ 5.85. The lowest price since it’s ATH was $ 1.72 cycle low. The highest MANA price since the last cycle low was $ 3.55 cycle high. The Decentraland price prediction sentiment is currently bullish.
Decentraland’s current circulating supply is 1.84B MANA, out of max supply of 2.64B MANA. In terms of market cap, Decentraland is currently ranked 11 in the Ethereum sector, ranked 1 in the NFT Tokens sector, ranked 1 in the Gaming sector and ranked 1 in the Metaverse sector. According to our current Decentraland price prediction, the value of Decentraland will drop by -0.28%, and reach $ 2.68 by April 8, 2022. According to our technical indicators, the current sentiment is Bullish, while the Fear & Greed Index is showing Neutral. Decentraland recorded 18/30 (60%) green days with 5.82% price volatility over the last 30 days. Based on our Decentraland forecast, it’s now a good time to buy Decentraland.
Based on today’s classical pivot point, with the value of $ 2.68, Decentraland has support levels of $ 2.59, $ 2.54, and the strongest at $ 2.46. Similarly, Decentraland resistance levels are at $ 2.72, $ 2.81, and $ 2.86. To get a better idea of what could happen to the Decentraland price in the future, it’s helpful to also explore Decentraland’s price history. In the last month, the MANA USD pair is up 5.06%. The 1-year performance of MANA USD is 159.03%.
In early and mid-January, the entire crypto market was bleeding, as wave after wave of fear hit the market. MANA ,was no different as its price dropped to the $1.7 lows. However, in the late January to early February rally, MANA bulls managed to break the previously bearish market structure. The $2 $2.1 area acted as a bullish order block, from where the price saw an impulse move to the $3.54 level.
This move was used to plot a set of Fibonacci retracement levels, and it can be seen that the price has already visited the 61.8% and 70.2% retracement levels. At the time of writing, the price was moving higher, once more after seeing, some demand at the $2.4 level. The $2.85-$2.95 area would be a place, that bulls would seek to flip to support.
The RSI on the daily chart was above the neutral 50 line, and climbing to show that the overall trend was bullish. Moreover, in the last few days, the price made a higher low while the RSI made a lower low. This hidden bullish divergence signified a continuation of the uptrend.
The Awesome Oscillator was also, above the zero line but not with great strength yet. The OBV has not had a definitive trend over the past three months. A level marked on the OBV, represented the previous highs, and a move above it would signify, strong buying pressure.
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Source : https://www.youtube.com/watch?v=K_vbgd2Q9ds