您现在的位置是:Can MANA sustain the daily surge amid a weak momentum? >>正文
Can MANA sustain the daily surge amid a weak momentum?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛9134人已围观
简介Decentraland has gained 3% in the past day.Native MANA token remains key in the metaverse space.The ...
Decentraland has gained 3% in the past day.
Native MANA token remains key in the metaverse space.
The token is experiencing a low buying pressure with the RSI at 38.
Decentraland MANA/USD shows early recovery signs. In the past 24 hours, the token has gained 3.2%, but remains 0.49% down in the past week. MANA is not the only token staging a comeback in the metaverse space. Sandbox has pumped 3.66% during the period.
Despite the positive gains, Decentraland is a shadow of itself. The token is down by a significant margin since its ATH of $5 last year. At the time of writing, MANA was exchanging for $0.76. Nonetheless, Decentraland remains a significant crypto project. It supports the emerging crypto sectors like DeFi, DEXs, and NFTs.
Decentraland is a protocol for metaverse and crypto games. On the platform, users can interact, play games, purchase items, or attend virtual events. Its native MANA token is based on Ethereum’s ERC-20 standard.
Looking into the future, the buzz around the metaverse could gain momentum. The popular function where individuals can buy LAND tokens is gaining traction among corporations. The virtual assets represent unique pieces of virtual land that are purchased and sold in an open market. Despite the positive prediction, MANA has some hurdles to overcome in the technical outlook.
MANA trades around key support amid weak momentum
Source: TradingView
According to the daily chart above, MANA is trading around the $0.76 support level. From the chart, the bears still have a bigger control of the metaverse token. At an RSI of 38, the token lacks the buying pressure and can retest lower levels. Moreover, MANA is trading below the 20-day and 50-day moving averages, offering resistance from above.
Concluding thoughts
The current price surge in MANA shows that the bulls are buying the dips. However, the momentum remains low, and the upside potential is low. The current level does not present a perfect entry point since MANA is unlikely to sustain the uptrend. There could be some consolidation around the moving averages.
Tags:
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/618882.html
相关文章
CFTC probes Binance over possible insider trading
Can MANA sustain the daily surge amid a weak momentum?The Commodity Futures Trading Commission (CFTC) alleges that some of the staff at the exchange may h...
阅读更多
Top 10,000 Bitcoin investors control one
Can MANA sustain the daily surge amid a weak momentum?Key TakeawaysBitcoin is a decentralised asset, yet large amounts are controlled by a select fewThe t...
阅读更多
Whales accumulate 1 trillion SHIB ahead of Shibarium launch
Can MANA sustain the daily surge amid a weak momentum?Shiba Inu wallet addresses with 10 million to 100 billion added 1.11 trillion SHIB since June 4.The...
阅读更多
热门文章
- Survey shows most US citizens aren’t on board with the idea of virtual currency
- Iran to restart crypto mining today after a three
- More $4 billion worth of Bitcoin and Ethereum has been absorbed into DeFi so far.
- Bitcoin whales bought $388M of BTC just before the Grayscale news
- Crypto Transactions Between Latin America & Asia Are Growing
- Stellar and MoneyGram partner, will use USDC stablecoin
最新文章
Where to buy SonoCoin as SONO sees a huge rally
El Salvador's Bitcoin trust has netted $4 million in gains
Altair Network wins 9th Kusama parachain auction
RSTAKING's Lee Kohn talks about Web3, staking and crypto
Cardano (ADA) boost as Mithril goes live on mainnet
Ethereum is consolidating around the yearly highs. $2,000 proves to be stiff resistance.