- Bullish MANA price prediction for 2024 is $0.8134 to $1.6338.
- Decentraland (MANA) price might reach $3 soon.
- Bearish MANA price prediction for 2024 is $0.1833.
In this Decentraland (MANA) price prediction 2024, 2025-2030, we will analyze the price patterns of MANA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
DECENTRALAND (MANA) PRICE PREDICTION 2024 |
|
| DECENTRALAND (MANA) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Decentraland (MANA) Current Market Status
| Current Price | $0.6806 | 24 – Hour Price Change | 1.08% Up |
| 24 – Hour Trading Volume | $1.43B |
| Market Cap | $1.32B |
| Circulating Supply | 1.94B MANA | All – Time High | $5.90 (On Nov 25, 2021) |
| All – Time Low | $0.007883 (On Oct 14, 2017) |
What is Decentraland (MANA)
| TICKER | MANA |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Virtual Reality |
| LAUNCHED ON | February 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
Decentraland (MANA) is the native token of Decentraland, a decentralized virtual reality platform. Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner. 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.
Decentraland 24H Technicals
Decentraland (MANA) Price Prediction 2024
Decentraland (MANA) ranks 77th on CoinMarketCap in terms of its market capitalization. The overview of the Decentraland price prediction for 2024 is explained below with a daily time frame.
In the above chart, Decentraland (MANA) laid out a Horizontal channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Decentraland (MANA) was recorded at $0.7274. If the pattern trend continues, then the price of MANA might reach the resistance levels of $0.8494, and $2.9314. If the trend reverses, then the price of MANA may fall to the support of $0.4750 and $0.2519.
Decentraland (MANA) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Decentraland (MANA) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of Decentraland (MANA) for 2024.
| Resistance Level 1 | $0.8134 |
| Resistance Level 2 | $1.6338 |
| Support Level 1 | $0.3854 |
| Support Level 2 | $0.1883 |
MANA Resistance & Support Levels
Decentraland (MANA) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Decentraland (MANA) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Decentraland (MANA) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.6781 Price = $0.3434 (50MA < Price) | Bullish /Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 78.0450 <30 = Oversold 50-70 = Neutral >70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Above cutoff line | Strong Volume |
Decentraland (MANA) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Decentraland (MANA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Decentraland (MANA).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 55.4115 | Very Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 54.38 <50 = Low >50 = High | High Volatility |
Comparison of MANA with BTC, ETH
Let us now compare the price movements of Decentraland (MANA) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of MANA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MANA also increases or decreases respectively.
Decentraland (MANA) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Decentraland (MANA) between 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Decentraland (MANA) Price Prediction 2025 | $4 | $0.09 |
| Decentraland (MANA) Price Prediction 2026 | $4.5 | $0.08 |
| Decentraland (MANA) Price Prediction 2027 | $5 | $0.07 |
| Decentraland (MANA) Price Prediction 2028 | $5.5 | $0.06 |
| Decentraland (MANA) Price Prediction 2029 | $6 | $0.05 |
| Decentraland (MANA) Price Prediction 2030 | $6.5 | $0.04 |
Conclusion
If Decentraland (MANA) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Decentraland (MANA) price prediction for 2024 is $1.6338. Comparatively, the bearish Decentraland (MANA) price prediction for 2024 is $0.1833.
If there is a positive elevation in the market momentum and investors’ sentiment, then Decentraland (MANA) might hit $3. Furthermore, with future upgrades and advancements in the Decentraland ecosystem, MANA might surpass its current all-time high (ATH) of $5.90 and mark its new ATH.
FAQ
1. What is Decentraland (MANA)?
Decentraland (MANA) is a cryptocurrency that allows users to purchase, develop, and trade virtual land in a decentralized manner.
2. Where can you buy Decentraland (MANA)?
Traders can trade Decentraland (MANA) on the following cryptocurrency exchanges such as Binance, BTCEX, CoinW, OKX, and Deepcoin.
3. Will Decentraland (MANA) record a new ATH soon?
With the ongoing developments and upgrades within the Decentraland platform, Decentraland (MANA) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Decentraland (MANA)?
Decentraland (MANA) hit its current all-time high (ATH) of $5.90 on Nov 25, 2021.
5. What is the lowest price of Decentraland (MANA)?
According to CoinMarketCap, MANA hit its all-time low (ATL) of $0.007883 on Oct 13, 2017 .
6. Will Decentraland (MANA) hit $3?
If Decentraland (MANA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon.
7. What will be the Decentraland (MANA) price by 2025?
Decentraland (MANA) price might reach $4 by 2025.
8. What will be the Decentraland (MANA) price by 2026?
Decentraland (MANA) price might reach $4.5 by 2026.
9. What will be the Decentraland (MANA) price by 2027?
Decentraland (MANA) price might reach $5 by 2027.
10. What will be the Decentraland (MANA) price by 2028?
Decentraland (MANA) price might reach $5.5 by 2028.
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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.
