Decentraland Price Analysis: Will MANA Surge to hit $0.67

  • MANA rose 7.24% in seven days.
  • MANA/USD medium term support stood at $0.55.
  • MANA/USD pair trading below EMA(20).
  • MANA/USD trades near $0.48.

22 April 2024 : In this article we will walk you through Decentraland price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Decentraland, Is MANA a good investment? Decentraland support & resistance levels etc. But before diving deep into the MANA technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,441,443,461,510. The total trading volume stands at $63,196,782,497. Bitcoin shares 53.49 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,342.22 level after an upward movement of 1.75%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.3 percent reaching to $3,230.99 during the previous 24 hours.
While publishing this blog, BNB traded at $607.11, following a price change of 5% within the same time frame. SOL the native coin of Solana is up by 3.05 and currently trading at $156.02. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Decentraland Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Decentraland (MANA)

MANA Resistance Levels MANA Support Levels
Resistance Level 1 $0.67 Support Level 1 $0.60
Resistance Level 2 $0.70 Support Level 2 $0.55
Resistance Level 3 $0.75 Support Level 3 $0.52

Decentraland Performance

The price of Decentraland (MANA) is at $0.48, up 2.66% in the past 24-hours and has a price change of 7.24% over the week. One day trading volume for BTC is 48,421,849.00 USD while total marketcap reached $922,285,569.00 USD. There are almost 1,908,319,865 are in circulation out of 2193179327.

Decentraland Price Analysis

MANA price analysis for 22 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Decentraland.

Moving Averages Price Indicator
Simple Moving Average (10) 0.65 Sell
Exponential Moving Average (10) 0.65 Sell
Simple Moving Average (20) 0.67 Sell
Exponential Moving Average (20) 0.67 Sell
Simple Moving Average (50) 0.72 Sell
Exponential Moving Average (50) 0.72 Sell

RSI implying oversold phase while trading at 25 and is trying to break out of the bearish zone while highlighting massive bearish strength. The Decentraland has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take MANA price below the crucial support level of $0.60. The MACD line is standing below of the signal line after a crossover. Decentraland investors need to wait for any directional change over the daily chart. While MANA’s Williams %R indicator is at -50.039 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.


The Decentraland market is shown signs of being optimistic, and buyers have the potential to drive prices of the cryptocurrency higher in the next few days. The price of MANA is expected to break above its resistance level of $0.67. On the other hand, if Decentraland broke out from the bullish pattern and led its way toward support level of $0.60.