您现在的位置是:Decentraland’s (MANA/USD) may take longer to see a recovery >>正文
Decentraland’s (MANA/USD) may take longer to see a recovery
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛1773人已围观
简介Have you been looking tobuy Decentraland’s(MANA/USD) this month? Unfortunately, a technical ou...
Have you been looking to buy Decentraland’s(MANA/USD) this month? Unfortunately, a technical outlook shows the metaverse token is not ready yet. The token has claimed a new low in the year and looks increasingly bearish. At least, we expect a potential new low, and you would not want to chase the clouds for now. What is happening?
A prolonged crypto winter has dealt a blow to the once-booming metaverse sector. Consequently, MANA has lost 92% of its value since November 2021. The token now trades at the lowest value since June 2021, losing its post-boom surge in the process.
Perhaps it has become lonely there in the metaverse as crypto winter ravages. According to data released by DappRadar last month, metaverse platforms, including Decentraland, are struggling to retain users. The low development activity has been responsible for the price weakness. Investors may have to wait longer before we see another recovery for the token.
MANA technical outlook shows weakening momentum
MANA/USD Chart by TradingView
On the daily chart, MANA is on a clear downtrend. The key level at $0.8 was tested, allowing the cryptocurrency to proceed lower.
Technical indicators are also bearish. Since August, the 20-day MA has never recovered above the 50-day MA. The MACD indicator remains in the bear zone. The momentum is weak, and the bear pressure is rising further.
What next for MANA?
MANA is heading to a bottomless pit after hitting the June 2021 lows. Although the bulls can arrest a further decline below the level, there is no such indication yet.
We hold a bearish view until suitable support is found and MANA shows sufficient upside. A recovery above the $8 resistance would be ideal to consider a bullish view.
Where to buy MANA
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPublic
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Buy MANA with Public todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/52325.html
相关文章
21shares enters the Middle East with first spot bitcoin ETP
Decentraland’s (MANA/USD) may take longer to see a recoveryThe new spot bitcoin ETP will list and trade on Nasdaq Dubai, 21Shares said in a press release.21Sha...
阅读更多
Google executive warns robots may soon replace humans for sex
Decentraland’s (MANA/USD) may take longer to see a recoveryBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Speaking...
阅读更多
Stylish Ferrari table with built
Decentraland’s (MANA/USD) may take longer to see a recoveryBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.If you th...
阅读更多
热门文章
- Indian Crypto Exchange CoinDCX To Offer New Crypto Courses
- Cardano price analysis: Is it safe to buy the ADA dip?
- Liechtenstein Leads The Way In Crypto Taxes
- Blue chip NFT raffle project 'Bored & Lucky' joins Yuga Labs IP Ecosystem
- Ripple (XRP) Sees Strong Recovery Over The Past Few Days
- DeFiChain’s DFI token goes live on Gate.io
最新文章
India's first solar probe, Aditya
Will The Sandbox and Metacade Become Metaverse Market Leaders?
Chiliz is up by 7% today ahead of its fan token launchpad
Northrop Grumman wins Ancillary VTOL DARPA contract
Cosmos ATOM/USD token forms a Doji signal after a retracement
Metacade Announced, Here’s Why We Think It Could Be the Next New Crypto To Buy