Decentraland Does it Again: Heads Down for the 4th Straight Day

The Hourly View for Decentraland

  • At the time of this writing, MANA’s price is up $0.01 (0.86%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Decentraland’s hourly price chart is shown below.

MANA

The Daily View for Decentraland

  • At the time of this writing, MANA’s price is down $-0.01 (-1.66%) from the day prior.
  • Decentraland has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • Regarding the trend, note that the strongest trend exists on the 20 day timeframe.
  • Of note is that the 20 day changed directions on MANA; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between MANA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MANA’s price.

Below is a daily price chart of Decentraland.

MANA

The Latest From MANA’s Blockchain

  • MANA has a daily transaction count of 0, NA NaN% from its value day prior.
  • Over the past 136 days, the trend for MANA’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 366.
  • For MANA, its average transaction value is now at 0.