Decentraland Price Prediction: Today’s Decentraland (Mana) Price, 22nd Jan 2023

Meme coins and metaverse tokens are just a couple of the assets that the cryptocurrency market hoards. A metaverse token was in the news all week despite Bitcoin’s dominance of the sector. Following a 93% price increase in the previous 14 days, Decentraland’s MANA was the talk of the town.

At the time of publication, MANA was down 5.80% on the day and trading for $0.6223. However, MANA was able to reach a high of $0.75 after a 42% increase this week. After the asset briefly crossed over its resistance level of 0.74, this level was reached.

According to the above chart, MANA last week passed through a significant resistance level of $0.43. But if the asset falls from its current level, it might fall to $0.365, a crucial support level for the cryptocurrency.

The Relative Strength Index [RSI] indicator also showed how overbought MANA was. Santiment, an on-chain analytics company, recently disclosed that since January 13, MANA has seen a daily increase in transactions of over $100,000.

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