Decentraland ( MEANING), has dropped by nearly 15 percent in the last two days, could the critical period for MANA have begun?
Bitcoin ( BTC ) has tested many altcoin support levels with its pullback in the short timeframe. Decentraland, which has lost 6.48 percent in the last 24 hours ( MEANING ), became the fifth most falling coin of the day. MANA, which is currently buying at $ 0.384, may face larger investor exits if it loses its next support. in MANAWhat are the price ranges to follow?
Decentraland (MANA) Graphic Analysis
Gaining upside momentum by running well the 0.32 – 0.328 support zone, MANA tested $0.433 and saw selling pressure. Acting as a solid resistance on past time frames, this zone pulled MANA price as low as $0.387. Currently trading at an intermediate price, MANA could target $0.50 – 0.546 and $0.614, respectively, if it exceeds $0.433.
In case of increasing selling pressure, the support zones to watch for MANA are $0.356 – 0.328 – $0.32 and $0.284, respectively. A downside break of $0.284 could increase sell-side transactions in the popular coin. In addition, while MANA is being followed, it is of great importance to monitor the developments in the Metaverse world.
