Key Takeaways
- MANA’s Current Status: The second half of November turned out to be extremely bullish for the markets as well as the MANA price rally. The token ranged high, breaking the multi-year barrier, and is testing one of the crucial resistance zones.
- Market Performance: Decentraland price is trading around with a 24-hour jump of 3.57%. The market capitalization of the token is around $1.2 billion, following a 3.5% jump, while the trading volume increased by over 10%. The bullish sentiments for the token have surged to 85%, while the Fear-Greed Index is at 83, suggesting the market sentiments remain extreme greed at present.
- Technical Analysis: The MANA price has surged over 44% in the past 7 days, which flipped the market sentiments of the token. The volume surged monstrously to reach above $1 billion, which has now dropped back to its initial levels. Besides, the price remains strongly above the 200-day Moving average, suggesting the possibility of a bullish continuation. Therefore, MANA price remains under bullish influence and could probably reclaim the $1 milestone, which could set a base for a massive rally.
- MANA Price Prediction: The bulls have woken up after a long break and hence are believed to have utilized all the accumulated strength at frequent intervals. The current rise in the MANA price suggests the growing demand for the token as the market participants foresee a huge bullish trend ahead. Therefore, the price appears to have begun with a strong ascending trend, which may elevate the levels towards new highs.
- Future Outlook: With a momentum shift from the memecoin to the DeFi, NFT, & AI space, the tokens are expected to undergo a massive upswing. Decentraland, one of the popular NFT tokens, is also expected to maintain a healthy rally, keeping the future outlook of the token extremely bullish.
Where will Decentraland Price Head Next?
- As seen in the weekly chart of MANA price rally, the price is testing one of the crucial resistance zone after breaking above the descending trend line chart pattern.
- With this move, the price has reached the crucial resistance zone between $0.78 and $0.85 but before entering the zone, bearish actions have escalated.
- However, the Ichinoku cloud displays an end of the bearish trend while the Relative Strength Index (RSI) is undergoing a bearish divergence after a parabolic recovery to the overbought zone.
- Therefore, MANA price is expected to experience a small pullback close to $0.55, which could attract huge liquidity.
- Besides, considering the Elliot wave theory, the MANA price has finished with the impulsive & Corrective waves, suggesting a strong upward movement could be imminent.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.27 / $0.25/ $0.22
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.33 / $0.35 / $0.38
|
|
50-day EMA |
$0.40
|
|
200-day EMA |
$0.36 |
|
RSI level |
66.75
|
|
MACD level (Signal Line) |
0.08 |
Decentraland Price Prediction November 2024
With the recent rebound, the Decentraland price not only rose above the prolonged consolidation phase but also broke the multi-year descending trend. After a massive breakout, the bulls appear to have drained a bit and as a result, the price is currently facing a significant sell-off. Meanwhile, the technicals and the market sentiments remain in favour of the altcoin, suggesting a bullish continuation towards higher targets. Therefore, the Decentraland price is believed to remain inflated until the end of the month and close the trade between $0.82 and $0.85.
The bullish monthly close is expected to keep up the bullish momentum of the MANA price since the start of December. Although the bearish actions may speak, the bulls are expected to hold a strong grip over the rally. With this, the price is expected to reclaim the crucial levels at $1, which may revive the confidence of the traders, attracting the required liquidity onto the platform. In the last few days of the month, the bulls may exhibit extreme strength, which could trigger a fine rally and close the yearly trade around $1.5 to $1.8.
Decentraland Price Prediction 2025
Decentraland proce is predicted to trade within the $1.5 to $2 range by the end of 2025, fueled by increased adoption of virtual reality and metaverse platforms. Key technical indicators, including the 200-day EMA, could show bullish alignment, supporting higher lows. A potential breakout above $2 might hinge on broader market sentiment and increasing interest in decentralized virtual spaces. Fibonacci retracement levels highlight $1.8 as a critical resistance zone, while $1.4 could serve as robust support. Investors should monitor trading volumes, as significant spikes may precede further price appreciation.
By 2026, Decentraland price may reach between $3 to $4, supported by the expanding use of blockchain-based metaverse ecosystems. A crossover between the 50-day and 200-day EMAs could validate long-term bullish momentum. Rising institutional interest in digital real estate could further bolster MANA price. On the downside, $2.8 could act as a critical support level, aligning with historical price activity. The Relative Strength Index (RSI) nearing overbought levels might indicate short-term pullbacks, offering potential entry points for strategic investors.
Decentraland’s price could rise to $5 to $6 in 2027, reflecting sustained growth in virtual economies and gaming integration. The Moving Average Convergence Divergence (MACD) indicator might signal extended bullish trends if the token breaks past psychological resistance at $5. Technical charts indicate consolidation zones near $4.5 before further rallies. Partnerships with global brands leveraging metaverse applications could act as catalysts. Watch for increased trading activity around metaverse-focused events, which may trigger sharp upward movements.
By 2028, MANA price may climb to $8 to $10, powered by significant advancements in VR and AR technologies. Fibonacci extensions suggest $9.2 as a key resistance level, with $7.8 providing firm support. The Fear-Greed Index could tilt towards extreme greed as adoption grows. A potential bullish divergence in RSI might precede upward momentum, while on-chain metrics like wallet activity might reflect increased long-term holding. Any pullbacks could provide opportunities for accumulation within this range.
In 2029, Decentraland price could surge to $12 to $15, with institutional adoption of the metaverse space playing a pivotal role. Exponential growth in NFT marketplaces and decentralized commerce could propel trading volumes. Technically, MANA’s path might depend on maintaining support near $11.5, with Bollinger Bands suggesting heightened volatility. If MANA surpasses $15, it could signal a significant trend shift, prompting further price exploration. MACD crossover and volume spikes would be crucial indicators for long-term investors.
By 2030, Decentraland price is expected to trade within $20 to $25, solidifying its position as a leading metaverse token. Market fundamentals, such as token utility and developer activity, could play a significant role. Technical analysis suggests $22.8 as a resistance level, with $18.5 offering robust support based on historical trends. The Ichimoku Cloud indicator might reflect clear bullish momentum, signaling extended gains. Partnerships with tech giants exploring decentralized applications could drive significant capital inflows, enhancing MANA’s price prospects.
Will Decentraland Price Continue to Rise in 2024?
MANA price outlook for 2024 suggests a steady rise, targeting $1 by year-end, contingent on sustained adoption in the gaming and virtual asset markets. Technical indicators like EMA crossovers and RSI trends point to continued bullish sentiment. While $0.75 remains a critical resistance in the short term, breaking this level could pave the way for testing $1. Broader market sentiment and developments in the metaverse ecosystem will be crucial. Investors should also track on-chain metrics like whale activity and wallet growth for signs of sustained upward momentum.
