Decentraland

Coin

<ul class="news-points"> 
 <li>The bearish grip tightens as MANA struggles to break resistance.</li> 
 <li>Support at $0.3862 is crucial, potential rally if resistance at $0.4054 is broken.</li> 
 <li>Declining market cap and trading volume reflect cautious sentiment in MANA.</li> 
</ul> 
In the last 24 hours, bearish sentiment has gained the upper hand in the <a href="https://coinedition.com/tag/decentraland-mana/" target="_blank" rel="noreferrer noopener">Decentraland (MANA)</a> market as bulls struggled to break through the resistance at the 24-hour high of $0.4054. 
Subsequently, bears pushed the price down to an intra-day low of $0.3862, where the MANA market found support. The bearish grip remains strong, leading to a 3.79% decline from the previous close, with MANA trading at $0.3877. 
If the bearish momentum continues and breaches the support level at $0.3862, the next level to monitor is around $0.3800. 
This level has previously proven to be a robust support zone and could attract buying interest if reached. However, should the bears persist in dominating the market, a further downside movement toward the next significant support at $0.3700 may be observed. 
Conversely, if the bulls regain control and push the price above the 24-hour high of $0.4054, it could indicate a potential trend reversal and trigger a r…
The post <a rel="nofollow" href="https://coinedition.com/will-decentraland-price-bounce-back-amid-bearish-sentiment/">Will Decentraland’s Price Bounce Back Amid Bearish Sentiment?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Will Decentraland’s Price Bounce Back Amid Bearish Sentiment?

Coin Edition

Other articles published on Jul 5, 2023

Cameron Winklevoss Gives Ultimatum to Barry Silbert Over $1.46 Billion Debt

Storj Cryptocurrency Soars by 45% as Company Deposits $1.22M into Binance

Binance’s Privacy Coin Reversal Sparks Crypto Victory and Unleashes the Power of Unity

Regulatory Rollercoaster: The Crypto World’s Ups and Downs

Azuki DAO To Sue Project Founder Over Allegations Of Misconduct

Bitcoin Maintains Position Above $30.5K as the Whole Market Trades in Green

Join our free newsletter for daily crypto updates!