MANA is ranked 30th in terms of market capital on coinmarketcap, with a market dominance of 0.02 percent. MANA is currently being traded at $3.24 at the time of writing. In the last 24 hours, the price of the coin has risen by about 14%. The day’s high and low points are about $3.43 and $2.82. On the other hand, the daily trade volume jumped by about 218.17 percent in a single day.
This new pump came after the news that Samsung joined Decentraland in their metaverse. Before the fall, MANA had reached an all-time high of roughly $1.67 in April 2021. During the drop, MANA formed a bottom and fell to $0.37 in June. The coin displayed reversal, just like many other coins, and soon it was trading above the old all-time high. This month we have seen a decrease of about 3%.
MANA has a total supply of roughly 2.19B tokens, with around 1.82B in circulation. MANA can be purchased on a variety of exchanges, including KuCoin, Binance, and FTX.
Technical Analysis – Decentraland (MANA)
MANA since the news about Samsung had been pumping hard. Before this news, the price had been in consolidation and been ranging. The price before had failed to create a higher high and soon broke the structure.
During this break of structure, the price failed to sustain the value. The price had left an order block in this zone that hasn’t been mitigated to date. Now if we see the chart, we will notice that there is no visible reason for the price to go down now. The price has had a bounce from the zone and the level has been respected many times showing that the support is strong. Now we can expect the price to move towards the higher high and higher low and mitigate the order block that lies above.
Price Prediction – Decentraland (MANA)
MANA has been one of the market’s most optimistic cryptocurrencies. As a part of Metaverse Projects, it is highly bullish. MANA is predicted to reach $5.680 in one year, according to Walletinvestor. It is predicted to reach $15.232 in five years. This suggests that MANA has a lot of potentials and can generate a lot of money, Traders believe it won’t be long before it achieves new all-time highs and trades above its old-time high.
