Decentraland Price Prediction: Today’s Decentraland (Mana) Price, 31st Dec 2022

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 $0.2914579 USD

Decentraland Price Prediction:

MANA had formed a fresh, higher bottom by the time of publishing, demonstrating bullish momentum. In particular, the Relative Strength Index (RSI) rose gradually from the oversold level rather than abruptly. This demonstrated how, as buyer pressure increased, sellers’ influence gradually decreased.

If the current trend continues, MANA might try to test or surpass the resistance level at $0.3101 The target price of $0.3141 provided by the 26-period Moving Average can be the bulls’ main focus if they are successful in breaking through the resistance level.

Selling was indicated by the red Directional Movement Index (DMI) line, which was also on top but slightly sloping. It demonstrates that sellers maintained market dominance despite buyers’ incremental improvement. In the event that the trend holds, bulls might approach the barrier.

The bears had a lot of strength in spite of this. The aforementioned bullish bias may turn out to be incorrect if bears make a significant move, pushing MANA to the demand zone near $0.3019.

The weighted sentiment index for MANA increased toward the neutral level, according to Santiment, indicating that investor view of the asset has improved.

However, due to the decline in the Binance Funding Rate for the MANA/USDT pair, there was limited demand for MANA in the derivatives market.

Despite this, when MANA’s price rose, there were an increasing number of active addresses trading it. If the gain had increased at the current rate, trade volume and buying pressure would have increased.

However, a weak BTC can harm MANA and halt its advancement. Investors should therefore keep an eye on BTC’s development.

Also Read

Decentraland Price Prediction: Today’s Decentraland (Mana) Price, 30th Dec 2022

Decentraland price prediction – Here’s the latest Decentraland (Mana) price prediction and Mana TO USD...