MACD portrays a bullish cross
The Decentraland price chart an intense match between bulls and bears, initially, bulls had control, but later shift in the wind dropped the game in bears' favor. The recent price action shows an uncertain to bullish situation, as analyst are optimistic about it.
At press time, the price has traded at $0.4514 with an intraday slight fall of -0.27%, with a market capitalization of $862.75 Million, and 24-hour trading volume at 57..99 Million.
An analyst, CryptoRand, Tweeted with the bullish sentiment on the X platform that In Decentraland (MANA) a breakout has taken place out of a main downtrend based trendline on the daily chart. He further stated that it looks in a consolidation after breachiung the trendline, and looking primed for an upcoming rally in the coming sessions.
Similarly, based on the analyst tweet, the MANA asset daily chart shows that it has been consolidating between the 20-day, and 50-day EMAs. This appears to be portraying bullish strength in the short-term, that could drive its price for $1.0.
Likewise, the MACD portrays a bullish cross, with a rising histogram in MANA at 0.0031, and the RSI flashed at 50.41. It portrayed that the Decentraland crypto happens to be low on the momentum yet, as its sideways in a tight range, it appears not like a losing steam yet and it could burst anytime soon for continuing to climb higher in future sessions.
Therefore, if the breakout rallies strongly, the next goal for the MANA price could be to reach the above levels, such as $0.5600, $0.7000 and $0.8000. On surpassing these hurdles, the doors could open for $1.0 price mark as well.
On the contrary, if the price plunges then in this scenario, if the Decentraland crypto price fails to stay above the $0.4000 level, it could also decline further for lower levels.
At press time, the price has traded at $0.4514 with an intraday slight fall of -0.27%, with a market capitalization of $862.75 Million, and 24-hour trading volume at 57..99 Million.
An analyst, CryptoRand, Tweeted with the bullish sentiment on the X platform that In Decentraland (MANA) a breakout has taken place out of a main downtrend based trendline on the daily chart. He further stated that it looks in a consolidation after breachiung the trendline, and looking primed for an upcoming rally in the coming sessions.
Similarly, based on the analyst tweet, the MANA asset daily chart shows that it has been consolidating between the 20-day, and 50-day EMAs. This appears to be portraying bullish strength in the short-term, that could drive its price for $1.0.
Likewise, the MACD portrays a bullish cross, with a rising histogram in MANA at 0.0031, and the RSI flashed at 50.41. It portrayed that the Decentraland crypto happens to be low on the momentum yet, as its sideways in a tight range, it appears not like a losing steam yet and it could burst anytime soon for continuing to climb higher in future sessions.
Therefore, if the breakout rallies strongly, the next goal for the MANA price could be to reach the above levels, such as $0.5600, $0.7000 and $0.8000. On surpassing these hurdles, the doors could open for $1.0 price mark as well.
On the contrary, if the price plunges then in this scenario, if the Decentraland crypto price fails to stay above the $0.4000 level, it could also decline further for lower levels.
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