Decentraland (MANA) is currently trading at $0.5764, which represents a 0.15% drop during the intraday trading session.
The token’s price is currently below the 20, 50, 100, and 200-Day EMAs, suggesting a downtrend.
The MANA/BTC pair is trading at 0.00002576 BTC, representing a 0.16% drop during the intraday trading session.
Decentraland Today’s Price
Decentraland price today Is $0.5506392 USD
Based on price analysis, Decentraland has been in a downtrend since the beginning of 2022, with sellers dominating the market. The token briefly saw a surge in prices in May 2022, pushing it above its secondary resistance of $0.861.
However, sellers regained control and pushed the token below its primary support level of $0.610. Throughout the remainder of 2022, the token continued to trade below this support level, setting a new 52-week low on the last day of the year.
Decentraland Price Prediction:
In early 2023, the token started to rise again, breaking through its primary support and resistance levels. However, once it hit its secondary resistance, it reverted and fell below its primary resistance due to the shooting star candlestick pattern.
mana price prediction
Over the past 24 hours, the token’s trading volume has decreased by 19.44%, indicating an increase in the number of sellers. This suggests that sellers are currently in control of the market, and the relationship between volume and MANA price points to a bearish phase.