Decentraland’s MANA targets $1.5 as it continued its increase in a fourth straight session so let’s have a closer look today in our altcoin news.
For the fourth straight session, Decentraland’s MANA targets $1.5 with a surge of 2%. Metaverse started picking up steam since Facebook revamped to Meta but before that, Decentraland was always extremely popular, especially for those that were into the virtual worlds.
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Decentraland was prepared for teenagers and adults that were looking to socialize and build and earn with virtual land so all virtual lands and assets can now be seen in Decentraland and bough with the Mana token.
Virtual real estate has also been in high demand and MANA shaped its virtual environment to provide a sophisticated experience for the users where they were in complete command of the virtual worlds. Decentraland became quite popular and powerful with most other companies like Samsung, Atari, and Adidas buying their first virtual real estate properties in Decentraland.
Decentraland also entered partnerships and secured funding from companies like George Burke, Boost BC, Animoca Brands, and Genesis One Capital. Looking at the daily charts, there’s a good chance that the price boot of MANA will go on for the next few trading sessions, it also shows a long-term upwards trend and the price target is set for $1.5. Judging by the Wiliams Alligator trend, it shows a retrace on the upside which means that MANA will move in a bullish crossover move but the analysis might be refuted if the price drops below $0.84.
Decentraland is looking bullish and the token is now down by 6.31% on the five-day high and higher than 13.875 compared to the five-day lows. MANA is sliced in the middle of the support and resistance zones with the latter found at $0.9997 and the support zone at $0.9359. Decentralandd was trading on low volumes recently which signals that today’s tradign volume is lower than the coin’s average volume seen in the past week.
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