Decentraland price prediction – Here’s the latest Decentraland (Mana) price prediction and Mana TO USD converted price you can find here
Decentraland Today’s Price
Decentraland price today Is $0.5877004 USD
| DATE | Mana | USD |
|---|---|---|
| Today | 1 | $0.5877004 |
Decentraland Price Prediction:
The price of Decentraland (MANA) may complete the final leg of its correction before resuming its previous rise.
Since reaching a yearly high of $0.842 on February 2, the Decentraland price has fallen below a descending resistance line.
During the descent, the price has traded above the long-term $0.625 horizontal support area. These two structures come together to form a descending triangle, which is a bearish pattern. As a result, the price is expected to fall from there.
If the price falls, the nearest support level is at $0.500. This is the 0.618 Fib retracement support level for the upward movement (white).
A breakout from the descending resistance line, on the other hand, could lead to an increase towards $0.80.
A breakdown is the most likely scenario due to the presence of a bearish pattern and the fact that the daily RSI is below 50 (red icon).
The short-term six-hour chart technical analysis shows that the MANA token price has completed a five-wave upward movement and may now be in the C wave of an A-B-C corrective structure (black).
If this is the case, the digital asset’s price will soon break through the $0.625 horizontal support level and complete its correction.
If so, the support line of a descending parallel channel would coincide with the $0.500 support area. Because channels frequently contain corrections, this outline is perfectly compatible with the possibility of a correction.
However, as previously stated, a breakout from the descending resistance line would render this short-term bearish Decentraland price prediction for March invalid and could lead to a drop towards $0.80.
To summarise, the most likely Decentraland price prediction for March is a drop to the $0.500 support level before continuing upward movement.
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