Published 9 hours ago Top 5 NFT Coins To Buy Before Entering 2023: In 2022, the NFT market received tremendous attention from...

MANA, the cryptocurrency used as payment for goods and services in the metaverse project Decentraland, has already lost 33% of its value over the...

The MANA relative strength index has shown growth which signals an increase in buying activity.         New developments, partnerships in...

Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA...

MANA price remains negatively skewed moving in a tight range. The price action lacks conviction for a clear trend. Decentraland (MANA) is following a long-term descending resistance line with resistance at $5.91. MANA price trades with losses on Tuesday. Expect a bounce toward $2.40 if breaks above the bearish slopping line. The downside is capped

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The Decentraland (MANA) price has seen a constant downfall since it last tested the ATH at $5.9 on Nov ‘21. The falling altcoin found first support at $3 and has been beaten down from the sellers-driven trendline finding itself in a symmetrical triangle. The current sideways rally now retests the support trendline. Can buyers wrest

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The shared support of $2.42 and the 200-day SMA prevented the extending loss in Decentraland (MANA) price. On February 24th, the 15% long-tail rejection on this support indicates intense demand pressure. The following rally struggles at the immediate resistance of $2.8, suggesting a downtrend continuation. Key technical points: The MANA chart shows a shooting star

The post MANA price analysis: Retest To Double Top Pattern Breakout Suggests 25% Downside Risk  appeared first on CoinGape.

MANA coin price shows a bullish reversal from $2.45 and creates a symmetrical triangle pattern as the rally approaches the long-coming resistance trendline.  The MANA coin price shows lower price rejection from the $2.5 mark, resulting in a support trendline and a symmetrical triangle pattern. However, the bull cycle struggles to outshine the sellers at $2.85, which questions the possibility of a bullish rally approaching the resistance trendline? Key technical points: MANA price action creates a morning star pattern The Stochastic RSI shows a bullish crossover in the daily chart The 24-hour trading volume in the MANA token is $1.02 Billion, indicating a 30% fall.  Past Performance of MANA With the recent rejection from the long-coming resistance trendline, the MANA coin price retraces 25% to the $2.5 mark. However, the bulls resurface to hold the $2.5 level and bring a short reversal. This generates a weak support trendline that completes a symmetrical triangle pattern in the daily chart.  Source-Tradingview MANA Technical Analysis  The MANA coin price shows a bullish reversal within a triangle pattern but struggles to overcome the $2.85 barrier. Hence, a selling opportunity with the breakout of support trendline is possible.  The MANA price shows a higher price rejection from the 50-day EMA and falls below the 100-day EMA. Hence, a retracement to the 200-day EMA is possible, which will break below the support trendline. After the bullish crossover in the oversold territory, the Stochastic RSI indicator shows sharp linear growth in the K and D lines. However, the lines must overcome the previous failed bullish cycle peak to generate a bullish signal. The RSI Indicator slope shows a gradual rise that struggles to surpass the halfway mark after the sharp fall from the overbought zone. Moreover, the RSI slope fails to reach the 14-day average.  In short, the MANA technical analysis shows a weak bullish reversal that may shortly break below the support trendline.  Upcoming Trend The MANA coin price struggles to surpass the $2.85 mark and fails to withstand the selling pressure resulting in the long wick formation. Hence, the bears are resurfacing after the 5.83% overnight growth. That is why sellers can shortly find a trendline breakout entry with the target of $2.40. Support Levels: $2.50 and $2.40 Resistance Levels: $2.85 and $3

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On February 24, Decentraland (MANA) bears attempted to dump the coin below the $2.45 support. However, the intense demand pressure from this level rejected the altcoin from the 200-SMA, resulting in a 21% follow-up rally.  The buyers would soon rechallenge the overhead resistance $2.8 mark to kick start with recovery. Key technical points: The MANA

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The post What’s Awaited for Decentraland(MANA), The Sandbox(SAND) & Axie Infinity(AXS) Price In the Weekend? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

After a very short-lived rally, the crypto space is yet again plunging hard as the weekend approaches fast. The DeFi and the NFT space are also following the traditional cryptos and plunging very hard.  Decentraland(MANA) The rally in the recent past have weakened the rally to a large extent as the calculations and the strategies …

The post Decentraland Might Lose Its 35th Rank With MANA Price Dropping 25% ! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The global crypto market’s diverse sectors such as NFTs and metaverse have been gathering prominence irrespective of the price trajectories. To a degree that, inhabitants from the crypto town have been learning the diversity of the business. As projects from the world of metaverse have engraved astounding metrics for the bygone year.  Successively “Decentraland”, metaverse’s …