Decentraland (MANA) Continues Its Initiatives to Catch the Uptrend

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Decentraland (MANA) may be offering a buying opportunity before the return of buyers. The rising hype fever in the metaverse space is bringing these cryptocurrencies to the fore. MANA is exposed to intense interest from investors, especially with its structure that distinguishes it from other platforms.

MANA Performance Against General Market Trend

Decentraland price dropped more than 41% from its all-time high of $5.90 to $3.20. The market-wide downtrend recorded on December 4 remains in existence at present. While attempts to rise to the $ 50,000 price band of the leading cryptocurrency Bitcoin were rejected, the $ 47,000 levels represent the course of BTC at the time of writing this article.

The critical levels for MANA were stated as $3.48 and then $3.71. A climb from $3.19 to $3.77 would represent an 18% rise. However, if the buying pressure continues, the MANA price may increase by 31% to reach the $4.18 target.

Expert Comments and Expectations

Expectations are linked to the successful passing of the $3.19 test of the MANA price. If buyers fail to break through this hurdle, traders can watch MANA’s bearish moves as low as $2.47. Although MANA price is positioning above the $3.19 barrier, it should show strong momentum above it. A loss of momentum below the $3.19 level could invalidate the bullish argument.

On the other hand, other competitors in the metaverse universe, projects such as Axie Infinity, Sandbox, Blocktopia are on the radar of experts.