Decentraland (MANA) Price Prediction 2023 — Will MANA Hit $2 Soon?

Decentraland (MANA) Price Prediction — Will MANA Hit $2 Soon?
  • Bullish MANA price prediction is $0.8238 to $1.6129.
  • Decentraland (MANA) prices might also reach $2 soon.
  • MANA bearish market price prediction for 2023 is $0.2906.

In Decentraland (MANA) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about MANA to analyze the future movement of the cryptocurrency.

Decentraland (MANA) Current Market Status

Current Price $0.738219
24 – Hour Trading Volume $255,445,413
24 – Hour Price Change 2.9% down
Circulating Supply 1,820,451,817
All – Time High $5.85 (on Nov 25, 2021)  
MANA Current Market Status (Source: CoinGecko)

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 purchase various in-game assets using MANA. They also receive 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. LAND are the native non-fungible tokens that represent the plots of the metaverse.

The unique features of Decentraland persuaded popular brands to foray into the metaverse. Starting from Samsung to JP Morgan, they established their projects in Decentraland. Interestingly, crypto enthusiasts from Arizona adopted Decentraland in order to arrange their first metaverse marriage.

Decentraland (MANA) Price Prediction 2023

Decentraland (MANA) holds the 41st position on CoinGecko right now. MANA price prediction 2022 is explained below with a daily time frame.

MANA/USDT Ascending Channel Pattern (Source: Tradingview)

The above chart of MANA laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines connecting the higher and higher lows respectively appear to move within a rising slope. Significantly, this pattern is generally a characteristic of a bullish trend.

Currently, Decentraland (MANA) is in the range of $0.7585. If the pattern continues, the price of MANA might reach the resistance levels of $0.8238 and $0.9863. If the trend reverses, then the price of MANA may fall to $0.6523, & $0.5903.

Decentraland (MANA) Support and Resistance Levels

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

MANA/USDT Support and Resistance Levels (Source: TradingView)

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

Resistance Level 1$1.0785
Resistance Level 2$1.6129
Support Level 1$0.6135
Support Level 2$0.4321
Support Level 3$0.2906
MANA/USDT Support and Resistance Levels

The charts show that  Decentraland (MANA)  has performed a bullish trend over the past month. If this trend continues, MANA might run along with the bulls overtaking its resistance level at $1.6129.

Accordingly, if the investors turn against the crypto, the price of  Decentraland (MANA)  might plummet to almost $0.2906, a bearish signal.

Decentraland (MANA) Price Prediction 2023 — 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 a period of time from the previous trading volume. Currently, the RVOL of MANA lies below the cutoff line, indicating weaker participants in the current trend.

MANA/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of Decentraland (MANA) is shown in the chart above. Currently, MANA is in a bearish state. Notably, Decentraland (MANA) price lies below 50 MA (short-term), so it is completely downward. Therefore, there is a possibility of a reversal trend of MANA at any time.

Meanwhile, the relative strength index (RSI) of the MANA is 71.14. This means that  Decentraland (MANA) is in an overbought state. However, this means a major price reversal of MANA may occur in the upcoming days. So, traders need to trade carefully. 

Decentraland (MANA) Price Prediction 2023 — 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 is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

MANA/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of  Decentraland (MANA). Currently, ADX of MANA lies in the range of 53.90, so it indicates a very strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of  Decentraland (MANA). RVI measures the constant deviation of price changes over a period of time. The RVI of MANA lies above 50, indicating high volatility. In fact, the RSI of Decentraland (MANA) is at 71.14, thus confirming a potential buy signal.

Comparison of MANA with BTC, ETH

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

BTC Vs ETH Vs MANA Price Comparison (Source: TradingView)

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

Decentraland (MANA) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Decentraland (MANA) between 2024 and 2030.

Decentraland (MANA) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses,  Decentraland (MANA) might probably attain $3 by 2024.

Decentraland (MANA) Price Prediction 2025

With several upgrades in the network,  Decentraland (MANA) might enter a bullish trajectory. If the coin grabs the attention of major investors, MANA might rally to hit $4 by 2025. 

Decentraland (MANA) Price Prediction 2026

If  Decentraland (MANA)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, MANA would rally to hit $5.  

Decentraland (MANA) Price Prediction 2027

If  Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, MANA would rally to hit $7. 

Decentraland (MANA) Price Prediction 2028

If  Decentraland (MANA)  sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, MANA would rally to hit $9. 

Decentraland (MANA) Price Prediction 2029

Despite the trends in the highly-volatile crypto market, if Decentraland (MANA)  holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2029, MANA would hit $11.

Decentraland (MANA) Price Prediction 2030

If investors flock in and continue to place their bets on Decentraland (MANA), it would witness major spikes. MANA might hit $13 by 2030.

Conclusion

With continuous improvements in the Decentraland Network, we can say that 2023 is a good year for MANA. For this reason, the bullish price prediction of  Decentraland (MANA) in 2023 is $1.6129. On the other hand,  the bearish price prediction of Decentraland (MANA) price prediction for 2023 is $0.2906.

Furthermore, with the advancements and upgrades to the Decentraland ecosystem, the performance of MANA would help to reach above its current all-time high (ATH) of $5.85 very soon. But, it might also reach $2 if the investors believe that MANA is a good investment in 2023.

FAQ

1. What is Decentraland (MANA)?

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

2. Where can you purchase Decentraland (MANA)?

Decentraland (MANA) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, OKX, Upbit, Bybit and FMFW.io.

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

With the ongoing developments and upgrades within the Decentraland platform, MANA has a high possibility of 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 2023?

Decentraland (MANA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Decentraland in the past few months, MANA is considered a good investment in 2023.

6. Can Decentraland (MANA) reach $2?

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

7. What will be Decentraland (MANA) price by 2024?

Decentraland (MANA) price is expected to reach $3 by 2024.

8. What will be Decentraland (MANA) price by 2025?

Decentraland (MANA) price is expected to reach $4 by 2025.

9. What will be Decentraland (MANA) price by 2026?

Decentraland (MANA) price is expected to reach $5 by 2026.

10. What will be Decentraland (MANA) price by 2027?

Decentraland (MANA) price is expected to reach $7 by 2027.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.