Convergence

Decentraland

Divergence

The post <a href="https://coinpedia.org/price-analysis/decentraland-price-displays-bullish-trend-whats-next-for-mana-price-this-month/" rel="noopener noreferrer nofollow">Decentraland Price Displays Bullish Trend! What’s Next For MANA Price This Month?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Decentraland (MANA) price continues to display significant price volatility, suggesting a rise in the buying and selling pressure in the cryptocurrency market. Further, the MANA token has recorded a notable jump of 3% within the past day, indicating a bullish price action.
The <a href="https://coinpedia.org/price-prediction/decentraland-mana-price-prediction/" rel="noopener noreferrer nofollow">Decentraland price</a> traded in a closed range between $0.4881 and $0.5208 for about a week, following which the market regained power and the price broke out of the range. The MANA coin price jumped over 13.5% before facing rejection at $0.5907.
After this, the bulls lost momentum and recorded a correction of approximately 12% in valuation. Following this, the price traded in a consolidated range between $0.5208 and $0.5597 for a period.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/jG7-Ag3NUccKno0GRwr9oZEPj5YUsW3_bIdjRPRRVLIDHMujwM5ZMh-Ck0F_dZPV4xkLHigBQSEBOwPs-77N6vTvBYJm5n_vZfq4ct2Sc2-zmAoMc5cReu3p59m_0fCUSV-sK_cd2xwkelU4XISmKmY" alt="Decentraland Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: MANA/USDT
 </figcaption>
</figure>
After multiple attempts, the bulls failed to hold the price above the support level of $0.5208, resulting in a correction of 22.10% in four days. The bulls quickly regained momentum, resulting in a bounce back of 13% in valuation.
Following this, the price traded sideways for a while, after which the bulls gained just enough momentum to break out of the resistance level. Since then, the price has been constantly trading in a consolidated range between $0.4319 and $0.4881, indicating a weak price action in the market.
Negatively, the Cross EMA 200-day acts as a resistance to the price, highlighting a strong bearish influence in the crypto space.
<h2 class="wp-block-heading" id="h-will-mana-price-regain-value">Will MANA Price Regain Value?</h2>
The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating increased buying pressure in the market. Further, the averages show a constant rise, highlighting a bullish influence in the crypto space.
If the market regains momentum, the MANA price will test its resistance level of $0.4881 soon. Moreover, if the bulls maintain the price at that level, the Decentraland price will prepare to test its upper resistance level of $0.5208 in the coming days.
Negatively, if the bulls fail to gain momentum, the price will fall and test its support level of $0.4319. Further, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.4051 over the weekend.

Decentraland Price Displays Bullish Trend! What’s Next For MANA Price This Month?

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