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Monday, November 28, 2022
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    HomeAltcoinDecentraland Price Prediction: MANA Price Advances Toward $3.40 Amid Sustained Buying Momentum

    Decentraland Price Prediction: MANA Price Advances Toward $3.40 Amid Sustained Buying Momentum

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    MANA price seems satisfied to usher in extra features because it extends the earlier week’s features. An acceptance above the draw back pattern line will arrange a roadmap for the continuation of the upside momentum.

    • Mana value trades greater with respectable features.
    • A break above the descending pattern line amid shopping for strain will see extra features in the direction of $3.40.
    • The quick draw back could possibly be discovered on the 50-day EMA at $2.62.

    MANA value seems for additional upside features

    Supply: Buying and selling view

    On the every day chart, the MANA value is dealing with an upside barrier close to the descending pattern line from the highs of $3.55 made on February 9. Nevertheless, the worth stands comfortably above two essential transferring averages of 50-day and 200-day EMAs at $2.61 and $2.42 respectively.

    Along with that, the buying and selling quantity additionally supported the present value motion. A break of the bearish slopping line will open the gates for additional features within the asset.

    A every day shut above the bearish pattern line with sustained shopping for strain will goal the horizontal $3.20 resistance stage.

    Subsequent, market contributors will purpose for the highs of February 16 at almost $3.40.

    On the flip facet, a fall under the session’s low will invalidate the bullish idea for the worth. The primary draw back goal could possibly be discovered on the 50-day EMA at $2.61.

    A resurgence within the draw back strain would additional exploit the horizontal assist stage at $2.40.

    As of writing, MANA/USD is buying and selling at $2.76, up 0.99% for the day with a 24-hour buying and selling quantity of $487,761,731 in accordance with the CoinMarketCap.

    Technical indicators:

    RSI: The every day Relative Energy Index traded above the typical line. It at present reads at 60 which signifies the market continues to be removed from over-heating.

    MACD: The Transferring Common Convergence Divergence inches above the midline with a bullish bias.

    Trending Quantity: The On Steadiness Quantity indicator reveals elevated demand strain together with features in value.

    Disclaimer

    The offered content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.

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