In this Decentraland technical analysis, we will examine the current price action, trading volume, key levels and indicators for MANA-USDT. Sure, here are three sentences about Decentraland (MANA) cryptocurrency: Decentraland is a blockchain-based virtual reality platform that allows users to create, experience, and monetize content and applications in a web3 environment. MANA is the native cryptocurrency of Decentraland, used for purchasing land, assets, and services within the platform. With its innovative use of blockchain technology and virtual reality capabilities, Decentraland has the potential to revolutionize the way we interact with digital content and communities.
Decentraland Price Overview:
As of October 03, 2023, Decentraland is trading at approximately 0.3034 USDT. Let’s dive into the detailed price action for MANA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.311 |
| High (H) | 0.3132 |
| Low (L) | 0.3016 |
| Close (C) | 0.3034 |
| Volume (C) | 6,006,178.00 |
- Open (O): The opening price for today’s trading session was approximately 0.311 USDT.
- High (H): Decentraland reached a daily high of around 0.3132 USDT.
- Low (L): The daily low for MANA-USDT was approximately 0.3016 USDT.
- Close (C): At the time of analysis, Decentraland is trading near its daily close of 0.3034 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.44% |
| 3D Change (%) | -1.78% |
| 7D Change (%) | 2.09% |
| 30D Change (%) | 4.48% |
| 90D Change (%) | -21.15% |
| YTD Change (%) | 2.12% |
Over the past three days, MANAUSDT has dropped by approximately -1.78%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 2.09%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with MANAUSDT maintaining an upward trend of approximately 4.48%, despite intermittent fluctuations. Examining the last 90 days, MANAUSDT has witnessed substantial drop of approximately -21.15%, reflecting strong long-term confidence. Year-to-date, MANAUSDT has steadily increased by around 2.12%, 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 0.41032.
- Momentum score is 0.04477.
MANA USDT Technical Analysis
Decentraland Trading Volume:
The trading volume for Decentraland (MANA) over the past 24 hours has been insignificant, with approximately 6,006,178.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Decentraland is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for MANA-USDT is currently in the neutral zone, around 46.69014. This suggests that Decentraland is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Decentraland (MANA-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
