Fri, March 29

Decentraland (MANA) Price Prediction 2023, 2024, 2025-2030 

Decentraland (MANA) Price Prediction 2023, 2024, 2025-2030  Crypto Price Prediction
  • Bullish MANA price prediction for 2023 is $0.4246 to $0.6066.
  • Decentraland (MANA) price might reach $1 soon.
  • Bearish MANA price prediction for 2023 is $0.1985.

In this Decentraland (MANA) price prediction 2023, 2024-2030,  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) Current Market Status
  • What is Decentraland (MANA)?
  • Decentraland (MANA) 24H Technicals
DECENTRALAND (MANA) PRICE PREDICTION 2023
  • Decentraland (MANA) Support and Resistance Levels
  • Decentraland (MANA) Price Prediction 2023 — RVOL, MA, and RSI
  • Decentraland (MANA) Price Prediction 2023 — ADX, RVI
  • Comparison of MANA with BTC, ETH
DECENTRALAND (MANA) PRICE PREDICTION 2024, 2025, 2026-2030
CONCLUSION
FAQ

Decentraland (MANA) Current Market Status

Current Price $0.3468
24 – Hour Price Change 0.22% Up
24 – Hour Trading Volume $109,461,680
Market Cap $656,463,330
Circulating Supply 1,893,095,371 MANA
All – Time High $5.90 (On Nov 25, 2021)  
All – Time Low $0.007883 (On Oct 13, 2017)  
MANA Current Market Status (Source: CoinMarketCap)

What is Decentraland (MANA)

TICKERMANA
BLOCKCHAINEthereum
CATEGORYVirtual Reality 
LAUNCHED ONFebruary 2020
UTILITIESGovernance, 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

(Source: TradingView)

Decentraland (MANA) Price Prediction 2023

Decentraland (MANA) ranks 61st on CoinMarketCap in terms of its market capitalization. The overview of the Decentraland price prediction for 2023 is explained below with a daily time frame.

MANA/USDT Descending Triangle Pattern (Source: TradingView)

In the above chart, Decentraland (MANA) laid out a Descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

At the time of analysis, the price of Decentraland (MANA) was recorded at $0.3468. If the pattern trend continues, then the price of MANA might reach the resistance levels of $0.3566, and $0.6987. If the trend reverses, then the price of MANA may fall to the support of $0.2665.

Decentraland (MANA) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Decentraland (MANA) in 2023.

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

From the above chart, we can analyze and identify the following as the resistance and support levels of Decentraland (MANA) for 2023.

Resistance Level 1$0.4246
Resistance Level 2$0.6066
Support Level 1$0.2736
Support Level 2$0.1985

MANA Resistance & Support Levels

Decentraland (MANA) Price Prediction 2023 — 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.

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

From the readings on the chart above, we can make the following inferences regarding the current Decentraland (MANA) market in 2023.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.2967Price = $0.3554
(50MA < Price)
Bullish (Uptrend)
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions76.0033
<30 = Oversold
50-70 = Neutral>70 = Overbought
Overbought
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume

Decentraland (MANA) Price Prediction 2023 — 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).

MANA/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Decentraland (MANA).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum19.9765Weak Trend
Relative Volatility Index (RVI)Volatility over a specific period87.61

<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).

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

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 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Decentraland (MANA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Year Bullish Price Bearish Price
Decentraland (MANA) Price Prediction 2024$1.5$0.5
Decentraland (MANA) Price Prediction 2025$2.3$0.56
Decentraland (MANA) Price Prediction 2026$3.6$0.64
Decentraland (MANA) Price Prediction 2027$4.8$0.71
Decentraland (MANA) Price Prediction 2028$5.2$0.79
Decentraland (MANA) Price Prediction 2029$6.7$0.86
Decentraland (MANA) Price Prediction 2030$7$0.9

Conclusion

If Decentraland (MANA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Decentraland (MANA) price prediction for 2023 is $0.6066. Comparatively, the bearish Decentraland (MANA) price prediction for 2023 is $0.1985. 

If there is a positive elevation in the market momentum and investors’ sentiment, then Decentraland (MANA) might hit $1. 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 $1?

If Decentraland (MANA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.

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

Decentraland (MANA) price might reach $1.5 by 2024.

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

Decentraland (MANA) price might reach $2.3 by 2025.

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

Decentraland (MANA) price might reach $3.6 by 2026.

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

Decentraland (MANA) price might reach $4.8 by 2027.


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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.

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.