The Decentraland price prediction is likely to climb above the moving averages to begin the upward trend as the price mounted up by 7.40%.
Decentraland Prediction Statistics Data:
- Decentraland price now – $0.72
- Decentraland market cap – $1.3 billion
- Decentraland circulating supply – 1.8 billion
- Decentraland total supply – 2.1 billion
- Decentraland Coinmarketcap ranking – #42
Resistance levels: $1.00, $1.10, $1.20
Support levels: $0.40, $0.30, $0.20
At the time of writing, MANA/USD is changing hands at around $0.72 as the coin heads to the upside. Today’s trading begins with a slight uptrend in the market as the coin moves to touch the daily high of $0.72 after which it is currently trading within the 9-day moving average. However, traders are anticipating that the current price movement is an indication of the upcoming price rally in the market.
Decentraland Price Prediction: Decentraland Gets Ready for The Upside
According to the daily chart, the next step for the Decentraland price is to cross above the 21-day moving average. Once this is done, bulls may now push the coin towards the upper boundary of the channel to hit the resistance levels at $1.00, $1.10, and $1.20 respectively.
However, as the technical Indicator Relative Strength Index (14) moves to cross above the 60-level, MANA/USD may move to the north, once this plays out, it can manage to sustain the bullish movement towards the resistance levels of $0.75 and $0.80. Meanwhile, if the price decides to make a quick turn to the south, the support levels could be found at $0.40, $0.30, and $0.20 respectively.
Against Bitcoin, the Decentraland price is hovering below the 9-day and 21-day moving averages as the coin moves in the same direction. At the moment, bulls are to push the coin to the positive side as the technical Indicator Relative Strength Index (14) moves below the 50-level.
However, if the bears drag the price toward the lower boundary of the channel, MANA/BTC may fall to the support level of 2100 SAT and below. Whereas, any bullish movement to the upside may push the price above the moving averages, and crossing above the channel may cause the coin to hit the resistance level of 4000 SAT and above.
The Decentraland price is presently holding the ground within the channel after recovering from the opening price of $0.67. This shows that buyers could have the upper hand in the price movement, should the bulls increase the buying pressure. Meanwhile, the MEMAG token has become one of the most popular cryptos of the year, raising above $4.5 million at the moment as it continues its presale which could expire in less than few days.
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