Decentraland (MANA) Price Prediction

Decentraland (MANA) price has been in a bullish trend.
MANA is up by 78% in the past one week.
The bare minimum cost of purchasing Decentraland in the year 2023 is projected to be $0.779922.

Ever since the new year began, the Decentraland (MANA) cryptocurrency has been on an upward trend that has carried over from week to week. The year 2021 saw the rise of the “Play-to-Earn” model in the cryptocurrency market, and Decentraland was one of the leading lights. According to data from CoinMarketCap, the cryptocurrency is up by 78% in the past one week and is currently trading at $0.7211 in the last 24-hours.

According to a technical analysis of the market, the bare minimum cost of purchasing Decentraland in the year 2023 is projected to be $0.779922. The maximum price that MANA can reach at this time is $0.889911. Participants in the market have an average price range expectation of $0.79992 for the general case.

Per the studies published by Changelly.com, cryptocurrency industry professionals have made a price prediction for MANA for February 2023. During the month of February, the cost of trading might range anywhere from $0.549945 to $0.59994, with a minimum of $0.549945 and a maximum of $0.59994. It is anticipated that the value of Decentraland may be somewhere in the neighborhood of $0.579942 on average.

MANA Technical Analysis

When looking at the MANA market over a 24-hour time frame, bullish sentiment is indicated by the MACD line, which has crossed above the signal line, suggesting that the current bullish upswing may continue. The formation of the trajectory histogram also projects a bullish run as it has formed in the positive region. Traders and investors might look forward to the possibility that the market’s recent bull run will continue in the hours ahead.

Indicating a likely negative trajectory, the 200-MA is now higher than the 100-MA, suggesting the market may soon suffer pessimistic emotion. This should serve as a signal to traders and investors to keep a careful eye on the market and be ready to take advantage of a probable downward trend. Investors can also think about safeguarding their positions by keeping a close eye on their existing assets and even making use of notifications.

MANA/USD 24-hour price chart (source: TradingView)

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Munene Kelvin

Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.