- Bullish MANA price prediction may reach $5 in 2022
- MANA may reach the bullish price of $16 soon
Important: This Decentraland (MANA) price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their MANA price forecast outcome differently. Hence, we strongly suggest doing your own research before buying MANA.
The crypto world today is experiencing once again the love-hate relationship of bulls and bears in the space. In particular, the market is now down to -12% in the past 24-hours at the time of writing. This performance triggers different reactions and emotions among the community and investors in the industry.
Despite the market bloodbath, many crypto assets still continue to stand tall and defend their position against the bearish market. Decentraland (MANA) is one of the virtual assets in the ecosystem that keeps showing great profit potential.
Do you want to know “What is Decentraland (MANA), and is MANA a good cryptocurrency to invest in 2022?”, you are in the right place. We’ve got you covered.
Decentraland (MANA) Overview (At the time of writing)
What Is Decentraland (MANA)?
Decentraland (MANA) is a digital asset that utilizes the Ethereum blockchain. It enables its community to create, experience and monetize content and applications.
The native token of the network — MANA, can be used to buy premium items in the platform’s marketplace.
Traders and investors can buy, sell and trade MANA of centralized exchanges such as Binance and HitBTC to name some.
Now that we already have an idea of Decentraland (MANA), let us proceed to our Decentraland (MANA) price prediction 2022.
Decentraland (MANA) Price Prediction 2022
MANA remains to be the favorite crypto asset of investors when it comes to metaverse and NFT. Currently, MANA ranks as one of the top fifty virtual assets in CoinGecko. It has a market capitalization amounting to over $2.7 billion.
Based on the chart above, we can see that MANA created a bullish trend from November to December last year. However, upon entering the year 2022, MANA got hit by the bearish market, which caused the price of the crypto to plummet. At the time of writing, MANA trades at a decent price of $2.039 per crypto. This position of MANA resides above the Fibonacci level of .786, a fair position.
If MANA is able to maintain its price above $2, MANA might be able to break the Fibonacci level of .68, also known as the golden ratio level. If it does, MANA may have the chance to run with the bulls in breaking the Fibonacci level of .5 to .2, reaching the bullish price of more than $5. But of course, this forecast still depends on how the bullish market and its investors will treat MANA in the coming months.
Meanwhile, we also witnessed the crypto’s unbelievable price pump in the last quarter of 2021. To be specific, this price pump recorded a huge increase rate of almost +750%, a performance that made the community of MANA goes wild. Hence, if MANA will be able to create a mighty pump like that again today, MANA can smash the skyrocketing price of $16.32 per crypto. Yes, you see it right, $16, a price level enough to make MANA the hottest crypto in town.
However, this will all be possible again depending on the behavior of the market and its investors in the network.
On the other hand, the crypto’s Relative Strength Index (RSI) breaks the 70/30 range. In short, MANA is already oversold. This means that users must trade with caution to avoid the falling position of the crypto. Conversely, if the crypto performs a major price reversal, this is a sign that the crypto is getting ready to go back above the 70/30 range.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Other Market Prediction for Decentraland (MANA) in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for MANA amounts to $2.81.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for MANA amounts to $5.54.
Market Prediction for Decentraland (MANA) Price 2022, 2023, 2024 and 2025
Decentraland (MANA) price prediction 2023 is up to $3.26 (estimated)
Decentraland (MANA) price prediction 2024 is up to $3.02 (estimated)
Decentraland (MANA) price prediction 2025 is up to $4.24 (estimated)
Decentraland (MANA) price prediction 2026 is up to $4.19 (estimated)
MANA continues to be one of the aggressive and solid digital assets in the crypto space. Therefore, the conclusion for the Decentraland (MANA) price prediction in 2022 amounts to $5. However, this forecast still depends on how the market will treat MANA in the future.
MANA is one of the iconic NFT and metaverse networks in the crypto space. Through this, we can say that MANA has the potential to be a good investment in the next months of the year.
The price status of MANA depends on many different factors, one of which is the current market situation. If MANA is able to invite more traders and stakers to the platform, there is a big chance that the price of MANA will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the MANA network, an event that is very uncontrollable.
The MANA crypto is one of the most iconic projects in the space. The HitBTC exchange is one of the famous crypto exchanges supporting MANA crypto.
Yes, MANA is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers to perform their own in-depth research before investing in cryptocurrency.
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