MANA USDT Decentraland Technical Analysis

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By Frans van Elst

Decentraland logo In this Decentraland technical analysis, we will examine the current price action, trading volume, key levels and indicators for MANA-USDT. Decentraland is a blockchain-based virtual reality platform that allows users to create, experience, and monetize content and applications. MANA is the native cryptocurrency of Decentraland, used for transactions and interactions within the platform. With its unique blend of gaming, social media, and blockchain technology, Decentraland has gained significant attention in the crypto space and beyond.

Decentraland Price Overview:

As of May 17, 2024, Decentraland is trading at approximately 0.4343 USDT. Let’s dive into the detailed price action for MANA-USDT:

Acknowledge potential headwinds for Decentraland (MANAUSDT) at 4.34e-01 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Metric Value
Open (O) 0.4283
High (H) 0.4389
Low (L) 0.4254
Close (C) 0.4343
Volume (C) 3,868,117.00
  • Open (O): The opening price for today’s trading session was approximately 0.4283 USDT.
  • High (H): Decentraland reached a daily high of around 0.4389 USDT.
  • Low (L): The daily low for MANA-USDT was approximately 0.4254 USDT.
  • Close (C): At the time of analysis, Decentraland is trading near its daily close of 0.4343 USDT.
Metric Value
1D Change (%) 1.42%
3D Change (%) 8.49%
7D Change (%) 5.16%
30D Change (%) 2.14%
90D Change (%) -10.89%
YTD Change (%) -16.61%

Over the past three days, MANAUSDT has risen by approximately 8.49%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 5.16%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MANAUSDT maintaining an upward trend of approximately 2.14%, despite intermittent fluctuations. Examining the last 90 days, MANAUSDT has witnessed substantial fall of approximately -10.89%, reflecting strong long-term confidence. Year-to-date, MANAUSDT has steadily decreased by around -16.61%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Decentraland Live Chart:

You can access a live price chart for MANA-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.43892.
  • Momentum score is -0.03958.

MANA USDT Technical Analysis

Decentraland Trading Volume:

The trading volume for Decentraland (MANA) over the past 24 hours has been insignificant, with approximately 3,868,117.00 USDT traded against MANA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): MANA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Decentraland is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for MANA-USDT is currently in the low zone, around 43.71651. This suggests that Decentraland is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Decentraland (MANA-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Acknowledge potential headwinds for Decentraland (MANAUSDT) at 4.34e-01 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Don’t overlook our detailed insights on MANA BTC Decentraland Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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