Decentraland Price Prediction: Today’s Decentraland (Mana) Price, 15th Jan 2023

Decentraland price prediction – Here’s the latest Decentraland (Mana) price prediction and Mana TO USD converted price you can find here

Decentraland Today’s Price

Decentraland price today Is $0.5641649 USD

Decentraland Price Prediction:

Since the beginning of 2023, the Decentraland token has been moving in an upward direction. This rally, supported by the escalating activity, shows that coin owners have been recovering steadily.

At the time of publication, the MANA price was trading at $0.4458, up 53.5% over the previous five days. Additionally, this U-shaped recovery demonstrated the development of a rounding bottom pattern on the daily time frame chart, providing coin holders with additional growth potential.

The rounding bottom pattern is one of the most frequently seen bullish reversal patterns in technical analysis during market bottoms. As the previous downturn switch in the recovery rally, the pattern’s creation signals a trend reversal.

The coin price broke through a number of resistance levels during the rally, providing buyers with better footing to carry on the upward. Moreover, the MANA price had a big inflow and increased 8% intraday as a result of the market’s mood improving.

Thus, this metacoin demonstrated a clear breakthrough from the rounding bottom pattern’s $0.428 neckline resistance with today’s bullish candle.

The underlying bullish trend will accelerate if the daily candle closes above the indicated resistance.

On the other hand, if the price of the currency falls below $0.428, the bullish thesis will be proven false.

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