Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Decentraland (MANA)
  • News
  • Price Analysis

Decentraland (MANA) Escapes Bearish Fate, Contemplating 32% Upsurge

Nathan Ferguson February 27, 2022 2 min read
  • Decentraland price avoided bearish regime after bouncing off the critical support floor at $2.20.
  • That had MANA creating a triple bottom pattern, projecting 32% potential gains in the upcoming sessions.
  • Losing the $2.20 barrier on a daily timeframe will annul MANA’s bullish case.

Decentraland price movements within the previous three months formed a bottom reversal setup. The technical pattern predicts an upcoming trend shift in bulls’ preference. That way, market participants can expect substantial gains from MANA in the up-and-coming sessions.

MANA Price Prepared for Upswings


trade now

Decentraland had its price forming a triple bottom pattern as the alt retest the barrier at $2.20 three times within the past four months. Since this formation projects rend reversals, enthusiasts may expect lucrative returns from MANA within the coming weeks.

Meanwhile, the alt had its latest $2.20 retest on 24 February. After that, MANA’s price gained 17% to its current level of $2.62. For now, the metaverse token might extend this upsurge towards the $3.42 value level. That would mean a 56% run-up from the 3rd swing low. Nevertheless, the ascent would translate to a 32% surge from MANA’s current position.

For now, market players need to anticipate optimistic price actions within the upcoming weeks. The IntoTheBlock GION model supports the bullish outlook for MANA price. The metric shows Decentraland’s nearest obstacle is somewhat weak. That means the altcoin can conquer the obstacle and tag the next hurdle without challenges.

Here, about 28,740 addresses that bought nearly 377.19 million coins at $3.13 average price stay out of money. Surprisingly, the area harbors the target from a technical viewpoint, supporting MANA’s positive outlook.

Also, transactions worth over $100,000 surging to 275 from 120 within the past month depict the trend shift to bullish from bearish. The 129% uptick shows high net investors interested in MANA, incentivizing the bullish narrative.

Though the triple bottom pattern appears lucrative, it boasts limitations. A daily candle close under $2.20 will print a lower low, canceling Decentraland’s bullish case. Such a development will ruin any upward narrative, triggering a 31% drop towards $1.49.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Crypto Prices Today: BTC, ETH Surge; DOGE, SHIB Drop
Next: Colorado Set To Be The First US State To Accept Cryptos For Taxes

Related Stories

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • News

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies

March 22, 2023
Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
3 min read
  • Altcoins
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade

March 21, 2023
What are the Different Types of Orders? A Beginner’s Guide
4 min read
  • Crypto Trading
  • Cryptocurrency
  • Guide

What are the Different Types of Orders? A Beginner’s Guide

March 21, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,308.00
1.37%
ethereum
Ethereum (ETH)
$1,809.43
3.19%
tether
Tether (USDT)
$1.01
-0.20%
binancecoin
BNB (BNB)
$337.99
1.25%
usd-coin
USD Coin (USDC)
$1.00
-0.22%
ripple
XRP (XRP)
$0.468210
20.64%
cardano
Cardano (ADA)
$0.384513
13.43%
dogecoin
Dogecoin (DOGE)
$0.076297
5.61%
binance-usd
Binance USD (BUSD)
$1.00
-0.13%
polkadot
Polkadot (DOT)
$6.38
2.96%

Recent Posts

  • Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
  • Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
  • What are the Different Types of Orders? A Beginner’s Guide
  • Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
  • Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
  • Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
  • 3 Ways To Get NFTs Without Paying for Them
  • Crypto Proponents Start to Consider Bitcoin as an Alternative to Traditional Banks
  • Cardano Founder Charles Hoskinson Says Crypto Industry should Differentiate Itself from Unstable Banking Sector
  • Sandbox Ready To Launch New Product, Partner With Havas Play, and Promises New Experience
  • Binance to Convert $1 Billion Worth of Binance USD (BUSD) into Bitcoin, Ethereum and other Tokens
  • Blockchain Association Requests Files on Crypto ‘de-banking’ Issues From OCC, FDIC, & Fed Reserve
  • U.S Investment Company Ark Invest, Raises $16M For New Cryptocurrency Fund
  • International Payment Operator Swift Successfully Completes CBDC Pilot Test
  • Signature Bank Accused of Money Laundering, Evidence Emerges

Categories

You may have missed

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • News

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies

March 22, 2023
Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
3 min read
  • Altcoins
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade

March 21, 2023
What are the Different Types of Orders? A Beginner’s Guide
4 min read
  • Crypto Trading
  • Cryptocurrency
  • Guide

What are the Different Types of Orders? A Beginner’s Guide

March 21, 2023
Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
2 min read
  • Bitcoin (BTC)
  • ETF (Exchange Traded Fund)
  • News

Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors

March 21, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%