Decentraland

Cryptocurrency

Notable

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/decentraland-mana-investors-anticipate-potential-breakout/" data-wpel-link="internal">Decentraland (MANA) Investors Anticipate Potential Breakout</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/piyasalar-yuzde-600-buyuyebilir-dunyaca-unlu-ekonomist-kripto-para-piyasalarinda-yukselis-bekliyor" data-wpel-link="internal">Cryptocurrency</a> Decentraland (<strong>MANA</strong>) investors are in an exciting period. After a long period of price consolidation, it appears that MANA is heading towards a breakout point. If this breakout is successful, double-digit gains could become possible for MANA holders. So, at this stage, which levels are becoming critical for MANA investors? Let’s look at the details together.</p> 
<h2 style="text-align: justify" id="critical-formation-developed-in-mana-price">Critical Formation Developed in MANA Price</h2> 
<p style="text-align: justify">The MANA price has been consolidating below the $0.788 resistance level for a long time and is now approaching key levels. During approximately two years of consolidation, MANA has formed the Adam and Eve formation, which has caught the attention of technical analysts.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-335719 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/mana-coin-turk-com-.png" alt="" width="1815" height="798"></p> 
<p style="text-align: justify">The <strong>Adam and Eve</strong> formation includes a sharp V-shaped recovery and a more rounded second bottom formation. This formation predicts that breaking the $0.788 neckline could lead to a 64% increase, potentially reaching up to $1.29.</p> 
<h2 style="text-align: justify" id="mana-price-shows-notable-compression">MANA Price Shows Notable Compression</h2> 
<p style="text-align: justify">Considering that indicators like the RSI have reached the overbought zone recently, retesting the average 50 level could increase the likelihood of a breakout. However, before this happens, it should be noted that the MANA price is likely to remain compressed between $0.788 and $0.542.</p> 
<p style="text-align: justify">In the long term, the upward trend for the MANA price seems to be maintained. However, short-term selling pressure could trigger corrections. Such a correction could create a lower low if it falls below the $0.542 level and invalidate the uptrend.</p> 
<h2 style="text-align: justify" id="investors-should-be-wary-of-panic-selling">Investors Should Be Wary of Panic Selling</h2> 
<p style="text-align: justify">For many investors, such uncertainties can lead to panic selling and price fluctuations. In this case, it is possible for MANA to retest the low of $0.423 on January 29th, experiencing a 22% drop.</p> 
<p style="text-align: justify">Given all this, the cryptocurrency Decentraland (MANA) price is becoming an area to be closely monitored by both short and long-term investors as it approaches the breakout point. Looking at the price of the cryptocurrency MANA while writing this article, we see that the price is at $0.66. It seems like there is a challenging journey ahead for MANA to reach the $1 price tag. If the price passes the tough $1 stage, MANA’s journey towards its old peak levels of $5.8 could begin.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/decentraland-mana-investors-anticipate-potential-breakout/" data-wpel-link="internal">Decentraland (MANA) Investors Anticipate Potential Breakout</a></h5>

Decentraland (MANA) Investors Anticipate Potential Breakout

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