Decentraland Price Analysis: MANA Jumps 15% In Three-day; Are You Buying?

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Decentraland (MANA) price remains bullish despite a minor setback in the previous trading session. The price opened the session lower but quickly recovered to test the session’s high level. However, it retraced back after testing the $1.02 level.


  • MANA manages to print gains despite a pullback from the higher level.
  • A decisive break above the $1.0 mark would bring more gains.
  • A key support level is placed near the 50-day EMA on the daily chart.

MANA looks for upside confirmation

Source: Trading view

On the daily chart, the MANA price has surged up with a 2.20% increase over the past 24 hours. The recent price action suggests that MANA maintains a bullish bias. As the price is sustaining near the crucial $1.0 mark. There are multiple attempts to breach the level, thus making it a crucial hurdle.

Further, in the formation of the “ Inverted Head & Shoulder “pattern, a bullish technical pattern suggests a breakout on the higher side. To further confirm the study, we found that the price continues to trade above the 50-day exponential moving average for the past four days.

On the higher side, the MANA buyers would exploit the high of May 31 at $1.12 followed by the critical $1.30 mark.

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Source: Trading view

On the hourly chart, while trading inside the asymmetrical triangle, MANA formed a double top. The price retraced from there and now, could test $0.92. In addition to that, the price formed a bearish Bat pattern, which is a harmonic pattern that occurs rarely on charts.



On a higher time frame, MANA harnesses an upside momentum. However, on the lower time frame, a correction toward $0.90 cannot be ruled out. Investors can have discount buying opportunities. If the price breaks $1.0, we can expect a good move.

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Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects. Exploring on-chain analysis to track the market.


The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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