Decentraland

<ul class="list-ic vertical">
 <li><span>1</span> <a>The on-chain transaction volume shows that the majority of MANA coins are in profit, with a profit-to-loss ratio of 3.357:1, further highlighting bullish momentum.</a></li>
 <li><span>2</span> <a>Social metrics reveal a resurgence in popularity, with rising X mentions and followers, suggesting growing interest in the crypto.</a></li>
</ul>
<p>The volume analysis shows that the MANA crypto has received $124.54 Million in volume, which is 1.32% more than the previous day. The price vs volume charts describe a surge in volume along with the Decentraland price rise, suggesting the continuation of the ongoing trend.</p> <iframe loading="lazy" title="Santiment Chart: Price (MANA), Volume (MANA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=decentraland&amp;pt=MANA&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_tYPaJTbP0cXm&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%3B" scrolling="no"></iframe>
<p>The social dominance including Twitter MANA news, X followers, and social volume, displays a rising graph after a dip in these metrics. These metrics confirm that Decentraland’s popularity had decreased earlier and its popularity is increasing among social media platforms.</p>
<p>The increasing number of tweets mentioning MANA highlights its growth and shows that it has been rising its popularity, to become the trending crypto.</p>
<p>Moreover, social media acts as a major direct source to give limelight to the crypto projects and MANA seems to be rising in its social dominance, volume, and followers.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (MANA), Social Volume (MANA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=decentraland&amp;pt=MANA&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_tYPaJTbP0cXm&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>Moreover, its active addresses refer to unique addresses of <a href="https://www.thecoinrepublic.com/2024/02/19/decentraland-crypto-can-the-mana-crypto-price-move-up-soon/" target="_blank" rel="noopener noreferrer nofollow">MANA crypto</a> users that participate in one or more transactions within a given timeframe. The number of distinct addresses in the MANA crypto that participated in a transfer for the given asset in the past 24-hour window is 966 transactions, and the 1-hour window is 90 transactions.&nbsp;</p>
<p>This implies that more people are using and trading the crypto, which illustrates a higher demand and value for the crypto as the active addresses of the MANA crypto are increasing over time. These terms highlight the short-term and long-term trends of a crypto’s activity and its adoption.</p> <iframe loading="lazy" title="Santiment Chart: Active Addresses 24h (MANA), Active Addresses 1h (MANA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=decentraland&amp;pt=MANA&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_tYPaJTbP0cXm&amp;emcg=1&amp;emhwm=1&amp;wm=active_addresses_24h%3Bactive_addresses_1h&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B" scrolling="no"></iframe>
<p>In addition, the daily on-chain transaction volume in profit, volume in loss, and the ratio in profit to loss are metrics used to measure the amount and proportion of MANA coins that have been moved on the blockchain. These metrics determine whether the MANA coins are either in profit or in loss, based on their acquisition cost.</p>
<p>Daily On-chain transaction volume in profit(MANA) is – 10.82 Million, Daily On-chain transaction volume in loss (MANA) is – 3.22 Million, and the ratio of daily on-chain transaction volume in profit to loss is 3.357&gt;1.</p>
<p>The following metrics assist in identifying important characteristics of the MANA crypto:</p>
<p>Since the volume in profit is high and the ratio is above 1, it means that most holders are in a positive position in Decentraland. Likewise, it also exhibits the momentum of MANA, that the volume in profit is increasing and the ratio is rising, which means that the Decentraland crypto is in an uptrend and gaining momentum, as more holders are becoming profitable.</p> <iframe loading="lazy" title="Santiment Chart: The Ratio of Daily On-Chain Transaction Volume in Profit to Loss (MANA), Daily On-Chain Transaction Volume in Loss (MANA), Daily On-Chain Transaction Volume in Profit (MANA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=decentraland&amp;pt=MANA&amp;df=2023-12-25T18%3A30%3A01.565Z&amp;dt=2024-03-26T18%3A29%3A59.565Z&amp;sat=shchcfg_tYPaJTbP0cXm&amp;emcg=1&amp;emhwm=1&amp;wm=transaction_volume_profit_loss_ratio%3Btransaction_volume_in_loss%3Btransaction_volume_in_profit&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%3B%7B%22node%22%3A%22line%22%7D%3B%7B%22node%22%3A%22filledLine%22%7D" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-mana-crypto-price-shows-more-upside-potential-strong"><strong>MANA Crypto Price Shows More Upside Potential</strong></h2>
<p>The MANA crypto shows an uptrend from $0.2700 to $0.8000. However, the price failed to jump above the supply and formed support at $0.5500.</p>
<p>This formed support at $0.5500, proved a worthy support as the price spiked from this level and is currently trading at $0.6741 with an intraday loss of -2.61%. Moreover, the price is above 20-day and 50-day dynamic support bands, MACD is above the zero line at 0.0121, and RSI is at 54.49, which has taken support from the 14-SMA smoothened line.</p>
<p>Therefore, if the price wants to go more upside, then it needs to surpass $0.8000. this would open doors for more upside potential and could invite price towards $1.00 as well.</p>
<p>On the flip side, if the price fails the current spike and deteriorates, then the price could fall beneath the $0.5500 level.</p> 
<p><a href="https://in.tradingview.com/chart/MANAUSD/eG1nPcgR-The-MANA-Crypto-shows-an-uptrend/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/u/Sam_TCR/" rel="noopener noreferrer nofollow"></a><a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow"></a></p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The MANA crypto is showing signs of a positive trend. The trading volume has increased to $124.54 Million, up by 1.32% from the previous day, indicating a continuation of the current upward trend. Social metrics reveal a resurgence in popularity, with rising X mentions and followers, suggesting growing interest in the crypto.</p>
<p>Active addresses for MANA have also seen an increase, in the past 24 hours and the last hour, reflecting higher user engagement and demand. Moreover, the on-chain transaction volume shows that the majority of MANA coins are in profit, with a profit-to-loss ratio of 3.357:1, further signaling a bullish momentum.</p>
<p>Currently, MANA trades at $0.6741, above the 20 and 50-Day exponential moving averages, with the moving average convergence divergence above the zero line and the RSI at 54.49.</p>
<p>For further gains, MANA needs to break the $0.8000 resistance level, which could lead to a potential rise towards $1.00. Conversely, if the price drops below the $0.5500 support, it may indicate a bearish turn.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $0.5500</p>
<p><strong>Resistance Levels</strong>: $0.8000</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Will MANA Price Boost, As Major Metric Tool Shows Strength?

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Thecoinrepublic.com

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