Decentraland (MANA) Price Prediction 2022 – Will MANA Hit $5 Soon?

• Bullish MANA price prediction is $1.0704 to $3.4928.
• The MANA price will also reach $5 soon.
• MANA bearish market price prediction for 2022 is $0.7393.

In Decentraland (MANA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about MANA to analyze the future movement of the cryptocurrency. 

Decentraland (MANA) Current Market Status

According to CoinGecko, the price of Decentraland (MANA) is $0.849130 with a 24-hour trading volume of $170,154,296 at the time of writing. However, MANA has decreased to 5.4% in the last 24 hours. 

Moreover, Decentraland (MANA) has a circulating supply of 1,810,802,516 MANA. Currently, MANA trades in cryptocurrency exchanges such as  Binance, OKX, MEXC, Bybit, and BTCEX. 

What is Decentraland (MANA)?

Decentraland (MANA) is an ERC-20 token powered by the Ethereum blockchain. Users can now use MANA to purchase land and pay for goods and services in Decentraland. The MANA token can be purchased from a variety of centralized exchanges, decentralized exchanges, and swapping services.

Decentraland is a virtual world that you can explore through their website. It is most often referred to for its infrastructure, which provides a decentralized ledger for land ownership and a peer-to-peer network for user interactions. Furthermore, MANA is a token that can be used as currency for a decentralized virtual world. The MANA tokens are stored in smart contracts. 

Decentraland (MANA) Price Prediction 2022

Decentraland (MANA) holds the 39th position on CoinGecko right now. MANA price prediction 2022 is explained below with a weekly time frame.

A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. this is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels form in periods of price consolidation. Buying and selling forces are similar in a horizontal channel until a breakout or breakdown occurs.

Currently, Decentraland (MANA) is at $0.849130. If the pattern continues, the price of MANA might reach the resistance level of $1.5684, and $1.0708. If the trend reverses, then the price of MANA may fall to $0.8939 & 0.7445.

Decentraland (MANA) Support and Resistance Levels

The chart below shows the support and resistance levels of Decentraland (MANA).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Decentraland (MANA).

Resistance Level 1	$1.0704
Resistance Level 2	$1.6069
Resistance Level 3	$2.2705
Resistance Level 4	$3.4928
Support Level	$0.7393

The charts show that MANA has performed a bullish trend over the past month. If this trend continues, MANA might run along with the bulls overtaking its resistance level at $3.4928.

Accordingly, if the investors turn against the crypto, the price of the MANA might plummet to almost $0.7393, a bearish signal.

Decentraland (MANA) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Decentraland (MANA) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of MANA lies below the cutoff line, indicating weak participants in the current trend.

Moreover, the Moving Average (MA) of Decentraland (MANA) is shown in the above chart. Notably, the MANA price slightly lies below 50 MA (short-term), so it is entirely in a downward trend. Currently, MANA is in a bearish state. There is a possibility of a reversal trend of MANA at any time.

Meanwhile, the relative strength index (RSI) of the MANA is at a level of 46.88. This means that MANA is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.

Decentraland (MANA) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Decentraland (MANA). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Decentraland (MANA). Currently, MANA lies in the range of 17.1567, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of Decentraland (MANA). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MANA lies above 50, indicating higher volatility. In fact, MANA’s RSI is at 46.88, thus confirming a potential buy signal.

Comparison of MANA with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Decentraland (MANA).

From the above chart, we can interpret ETH, BTC, and MANA are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MANA also increase or decrease respectively.

Decentraland (MANA) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Decentraland (MANA) might probably attain $6.2 by 2023.

Decentraland (MANA) Price Prediction 2024

With several upgrades in the network, Decentraland (MANA) might enter a bullish trajectory. If the coin grabs the attention of major investors, MANA might rally to hit $8.5 by 2024. 

Decentraland (MANA) Price Prediction 2025

If Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, MANA would rally to hit $10.1.  

Decentraland (MANA) Price Prediction 2026

If Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, MANA would rally to hit $13. 

Decentraland (MANA) Price Prediction 2027

If Decentraland (MANA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, MANA would rally to hit $17.5. 

Decentraland (MANA) Price Prediction 2028

If Decentraland (MANA) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, MANA would hit $21.7.

Decentraland (MANA) Price Prediction 2029

If investors flock in and continue to place their bets on Decentraland (MANA), it would witness major spikes. MANA might hit $23 by 2029.

Decentraland (MANA) Price Prediction 2030

With greater advancements in the Decentraland ecosystem, the crypto community might continue to invest in Decentraland (MANA) for the next 8 years and drive significant price rallies for the token. Hence, Decentraland (MANA) might hit $28 by 2030.

Conclusion

With continuous improvements in the Decentraland network, we can say that 2022 is a good year for MANA. For this reason, the bullish price prediction of Decentraland (MANA) in 2022 is $3.4566. On the other hand, the bearish price prediction of Decentraland (MANA) for 2022 is $0.6358.

Furthermore, with the advancements and upgrades in the Decentralandecosystem, the performance of Decentraland (MANA) might hit $5 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $5.85 in the near future.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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