Decentraland (MANA) Price Prediction – Will MANA Reach $2 Soon? | Cryptocurrency News

  • Bullish MANA price forecast is $1.0709 to $2.2694.
  • The price of Decentraland (MANA) may also reach $2 soon.
  • The MANA Bearish market price forecast for 2022 is $0.6695.

In Decentraland (MANA) Price Forecast 2022, we use statistics, price patterns, RSI, RVOL and other information about MANA to analyze the future movement of the cryptocurrency.

Decentraland (MANA) Current Market Position

According to coingecoAt the time of writing, Decentraland (MANA) is trading at $0.698618 with a 24-hour trading volume of $96,800,141. However, the MANA has increased by around 2.5% in the last 24 hours.

In addition, Decentraland (MANA) has a circulating supply of 1,813,352,332 MANA. Currently, Decentraland (MANA) trades on cryptocurrency exchanges such as Binance, Coinbase Exchange, OKX, Upbit, Bybit and LBank.

What is Decentraland (MANA)?

Decentraland (MANA) is the native token of Decentraland, a decentralized virtual reality platform. MANA was launched in 2017 as an ERC-20 token. Users buy various in-game assets using MANA. They also get voting rights by holding Decentraland (MANA) tokens.

Decentraland deploys two different tokens, MANA and LAND. MANA serves as the governance token and digital currency of the project. LANDs are the original non-fungible tokens that represent the plots of the metaverse.
Decentraland’s unique features inspired popular brands to enter the metaverse. From Samsung to JP Morgan, they set up their own projects in Decentraland. Interestingly, crypto enthusiasts from Arizona adopted Decentraland to arrange their first Metaverse wedding.

Decentraland (MANA) Price Prediction 2022

Decentraland (MANA) is currently ranked 44th on CoinGecko. The MANA Price Prediction 2022 along with the daily time frame is explained below.

MANA/USDT Horizontal Channel Pattern (Source: tradingview,

The above chart of Decentraland (MANA) determined the horizontal channel pattern, also known as a sideways trend. In general, a horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel and the price action is contained within it.

A horizontal channel is often considered one of the best patterns to time the market because the buy and sell points are in consolidation.

Currently, Decentraland (MANA) is in the range of $0.6969. If the pattern continues, MANA price may reach the $0.8780, $1.1218, and $2.1915 resistance levels. If the trend reverses, the price of MANA could drop to $0.6802.

Decentraland (MANA) Support and Resistance Levels

The chart below shows the support and resistance levels of Decentraland (MANA).

Mind/ USDT Support and Resistance Levels (Source: tradingview ,

From the above daily time frame, we can clearly interpret the following as resistance and support levels for Decentraland (MANA).

resistance level 1 $1.0709
resistance level 2 $1.6059
Resistance Level 3 $2.2694
support level $0.6695
Mind Resistance and Support Levels

The chart shows that Decentraland (MANA) has shown a bullish trend over the past one month. If the trend continues, MANA is likely to move above its resistance at $2.2694 with the bulls.

Accordingly, if investors turn against the crypto, Decentraland (MANA) price could drop to around $0.6695, which is a bearish signal.

Decentraland (MANA) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Decentraland (MANA) is shown in the chart below. It is an indicator of how the current trading volume has changed over time from the previous trading volume. Presently, the RVOL of MANA is below the cutoff line, indicating weak participants in the current trend.

Also, the moving average (MA) of Decentraland (MANA) is shown in the chart above. Currently, MANA is in a bearish state. Specifically, Decentraland (MANA) price is trading below the 50 MA (short term), so it is completely in a downtrend. Hence, there is a possibility of a reversal trend of MANA at any point in time.

Meanwhile, the Relative Strength Index (RSI) of MANA is 42.26. This means that Decentraland (MANA) is in oversold condition. However, this means that there could be a major price reversal of MANA in the coming days. Therefore, traders need to trade with caution.

Decentraland (MANA) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Decentraland (MANA). It helps to measure the overall strength of the trend. The indicator expansion price is the average of the range values. This system attempts to measure the strength of price movement in the positive and negative directions by using the DMI indicators along with the ADX.

The above chart shows the ADX for Decentraland (MANA). Currently, the ADX of MANA is in the range of 39.3044, so it indicates a strong trend.

The chart above also represents the Volatility Index (RVI) relative to Decentraland (MANA). RVI measures the continuous deviation of price changes over a period of time. The RVI for MANA is below 50, indicating low volatility. In fact, the RSI for Decentraland (MANA) is at 42.26, thus confirming a potential buy signal.

BTC, ETH . Comparison of Mana with

The chart below shows a price comparison between Bitcoin, Ethereum and Decentraland (MANA).

BTC vs ETH vs Mana Price Comparison (Source: tradingview ,

From the above chart, we can interpret the price movements of BTC, ETH and MANA in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MANA also increases or decreases respectively.

Decentraland (MANA) Price Prediction 2023

If the declining price action completely slows in momentum and the trend reverses, then Decentraland (MANA) Possibly reach $4 by 2023.

Decentraland (MANA) Price Prediction 2024

With several upgrades to the network, Decentraland (MANA) could be entering a bullish trajectory. If the coin catches the attention of major investors, the MANA could reach $6 by 2024.

Decentraland (MANA) Price Prediction 2025

If Decentraland (MANA) maintains key resistance level and is recognized as a better investment option among investors for next 3 years, MANA will reach $8.

Decentraland (MANA) Price Prediction 2026

If Decentraland (MANA) maintains key resistance levels and is recognized as a better investment option among investors for next 4 years, MANA will reach $10.

Decentraland (MANA) Price Prediction 2027

If Decentraland (MANA) maintains key resistance levels and is recognized as a better investment option among investors for next 5 years, MANA will reach $12.

Decentraland (MANA) Price Prediction 2028

Despite highly volatile crypto market trends, if Decentraland (MANA) maintains a strong stance as a better investment option for the next 6 years, it could drive significant price rallies. Thus, by 2028, MANA will reach $14.

Decentraland (MANA) Price Prediction 2029

If investors come and continue to place their bets on Decentraland (MANA), it will see a huge uptrend. MANA could reach $16 by 2029.

Decentraland (MANA) Price Prediction 2030

With more progress in the Decentraland ecosystem, the crypto community can continue to invest in MANA for the next 8 years and drive a significant price rally for the token. Therefore, Decentraland (MANA) could reach $18 by 2030.

conclusion

With the continuous improvement in Decentraland Network, we can say that 2022 is a good year for MANA. For this reason, the bullish price prediction for Decentraland (MANA) in 2022 is $2.2694. On the other hand, the Bearish Price Forecast for Decentraland (MANA) Price Forecast for 2022 is $0.6695.

Furthermore, with progress and upgrades in the Decentraland ecosystem, the performance of MANA will help it reach its current all-time high (ATH) of $5.85 very soon. But, if investors believe that MANA is a good investment in 2022, it can even reach $2.

general question

1. What is Decentraland (MANA)?

MANA is the native cryptocurrency of Decentraland, a blockchain-based metaverse. Decentraland (MANA) was launched in 2017. Users can buy and trade assets in the Decentraland ecosystem using MANA.

2. Where can you buy Decentraland (MANA)?

Decentraland (MANA) is listed on several crypto exchanges including Binance, Coinbase Exchange, OKX, Upbit, Bybit and LBank.

3. Will Decentraland (MANA) reach a new ATH soon?

With the ongoing development and upgrades within the Decentraland platform, there is a high chance of MANA reaching its ATH soon.

4. What is the current all-time high (ATH) of Decentraland (MANA)?

On November 25, 2021, Decentraland (MANA) reached its new all-time high (ATH) of $5.85.

5. Is Decentraland (MANA) a good investment in 2022?

Decentraland (MANA) is one of the highest grossing cryptocurrencies this year. According to Decentraland’s recorded achievements over the past few months, MANA is considered a good investment in 2022.

6. Can Decentraland (MANA) reach $2?

Decentraland (MANA) is one of the active cryptos that continues to maintain its bullish position. Eventually, if this bullish trend continues, Decentraland (MANA) will soon reach $2.

7. What will be the cost of Decentraland (MANA) by 2023?

The price of Decentraland (MANA) is expected to reach $4 by 2023.

8. What will be Decentraland (MANA) Price by 2024?

The price of Decentraland (MANA) is expected to reach $6 by 2024.

9. What will be Decentraland (MANA) Price by 2025?

The price of Decentraland (MANA) is expected to reach $8 by 2025.

10. What will be Decentraland (MANA) Price by 2026?

The price of Decentraland (MANA) is expected to reach $10 by 2026.

Disclaimer: The views expressed in this chart are those of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their research before investing.

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