Decentraland Price Prediction: Today’s Decentraland (Mana) Price, 19th March 2023

Decentraland token prices are currently below the 20, 50, 100, and 200-Day EMAs.

The MANA/BTC pair was trading at 0.00002576 BTC, down 0.16% during the intraday trading session.

According to price analysis, Decentraland is currently in a downtrend. The token fell precipitously after 2022, indicating that sellers dominated the market from the beginning of 2022, as seen on the daily trading chart.

Bulls returned to the market after May 2022, allowing the token to float above its secondary resistance of $0.861.

However, sellers once again took the market from buyers, pushing the token below its primary support level of $0.610.

Because of seller pressure, the token continued to trade below its primary support near the end of the year. On the last day of the year, sellers also forced the token to set a new 52-week low.

After the beginning of 2023, the token began to move upwards again, breaking its primary support and resistance along the way.

However, once the token touched its secondary resistance, it reverted. Sellers gained the upper hand in the market as a result of the formation of the shooting star candlestick pattern. As a result, the token falls below its primary resistance.

In the last 24 hours, the coin’s volume has decreased by 19.44%. The decrease in volume indicates an increase in the number of sellers.

This demonstrates that sellers are doing their best, and there is a relationship between volume and MANA price, indicating strength in the current bearish phase.

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