Decentraland Price Prediction:

Among the items that the cryptocurrency market hoards are meme coins and metaverse tokens. Despite Bitcoin’s dominance of the industry, a metaverse token was in the news every day this week. Decentraland’s MANA was in the news after a 93% price increase in the previous 14 days.

MANA was trading for $0.6223 at the time of publication, down 5.80% on the day. MANA, however, was able to increase by 42% this week, reaching a high of $0.75. This level was attained after the asset briefly crossed over its resistance level of 0.74.

On the aforementioned chart, MANA last week broke through $0.43, a significant resistance level. However, if the asset declines from its present position, it may do so all the way to $0.365, a significant support level for the cryptocurrency.

The overbought condition of MANA was also indicated by the Relative Strength Index [RSI] indicator. On-chain analytics firm Santiment recently revealed that MANA has seen a daily increase in transactions of over $100,000 since January 13.

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