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Decentraland

MANAUSD Descending WedgeA descending trend line since the ATH yesterday is visible on the hourly chart with multiple spikes occurring due to pump and dumps and/or covering of short positions (though I have not done enough research on short interest on MANA - likely bag holders are exiting positions with each new spike). $2.557 seems to be a crucial price of supply meets demand since October 30. Combine this price with the aforementioned descending trend line we see a descending wedge forming. I anticipate a breakout from this pattern in the next few hours. A breakout down might imply further sell off to $2.1533, then further to $1.69. This collapse may be interrupted by the larger, bullish trend (which, from my interpretation, began on October 28). On the other hand, a breakout up may be met with supply/resistance at $3.43, from where a parallel channel may form (with $2.557 being support/demand zone) until the next large influx or efflux of volume. A breakout above $3.43 may imply further price movement toward $3.887, then potentially a retest of the ATH ($4.99). The price targets I provide are my own anecdotal opinions and I observe them making room for error. Regardless, volume is dying. The hype is waning. MANA volatility may wane similarly to other meme assets such as DOGE and GME. The purpose of this post is so future me learns from what I theoretically predict and what actually occurs.
COINBASE:MANAUSD
by SKIE_Watching
Decentraland MANA/USDT rally after Facebook rebrands to MetaOpened to the public in January 2020, Decentraland is an Ethereum-based virtual world, or metaverse, that is owned by its users and governed through a decentralized autonomous organization (DAO). Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace. BINANCE:MANAUSDT Resistance Zone / Sell Zone R1: 6.171 R2: 7.271 R3: 8.695 R4: 9.180 Support Zone / Buy Zone S1: 2.613 S2: 2.006 S3: 1.607 Cheers, MRHPx/CRACKadabra
by MRHPx
5
Decentraland (MANA) Hits New All-Time High | Bulls Win! +555%Decentraland (MANABTC) hits a new All-Time High. This altcoin trading pair was added to Binance back in September 2017, I can remember it even to this day. We have a long-term higher low in January 2021. Meaning, the low/bottom set on Jan. 2021 ended up being higher than the All-Time Low. We also have a higher high long-term. Higher lows tend to lead to higher highs. The growth is massive with over 555% in just the past 3 days. After April/May 2021 price peak, we had a correction that found support at the 0.618 Fib. retracement level. Something to look for in order pairs that are yet to breakout. The highest weekly trading volume is also visible since March 2021. Looking at this chart is why we recommend setting your orders on target and letting it roll. Over 5 months of correction were cleared in a single week. If you bought the coin but didn't set your sell orders on target, it would be extremely hard to get the peak. To understand what I am writing some experience is needed of course... But I am sharing for the beginner and the intermediate trader, some of the technical details for the advanced. Namaste.
Long
by AlanSantana
4
MY MINIMALIST ANALYSIS OF DECENTRALAND$MANA 10.31.21 623H +8 SINGAPORE SUCCESS! CONGRATULATIONS TO THOSE WHO SHAVED OFF PROFITS FROM THE EXIT AREA OF VALUE. WE ARE NOW AT THE BEYOND PARABOLIC ZONE AND FOMO SETTING IN. You may shave off some profits again. I will have to check the Fundamentals now if it will still have the strength to push further upwards. CHEERS EVERYONE! ALERT: ENTRIES, PARTIAL EXITS, EXITS, and MAXIMIZED AREAS OF VALUE AN AREA OF OPPORTUNITY: PATIENCE IS A VIRTUE FOR SUCCESS Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors! SHOUT-OUT to All the Cryptoverse Analysts! Vive Le Austist! Vive Le Retailers! Vive Le Revoluzion! Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. "FOLLOW THE WHITE RABBIT!" HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. TARGET ZONES IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market. Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, Fibs, Market Dynamics, and especially trading psychology. Note: This CHART is best used without indicators. Master your Trading Discipline and Trader's Psychology
COINBASE:MANAUSDLong
by The_Crypto_Samurai
1
Decentraland Ponzied - Ain't No Roblox - Crypto Bubble BlowoffLooks like Doge & the #simpcoin crowd FOMO to whatever goes up. Hold for broke. It's gonna take a Shib. Ponzi Pogs Abundant! Buyer Beware!!!! #DWAC SPAC. Another one of the many tells.... Here's Another #storytelling FRAUDSTER Below! #CANNABISREFORM is the future. Jobs & Justice #Akerna $KERN has the cannabis COMPLIANCE DATA! CAOA is a #cannabiscommunity game changer. Wait for it. We'll take SAFE now also. Love the future. It's all happening.... just not on Facebooks META. LMAO. Fook zuck! Decentralized Content Creation & Cannabis. Noice.
Short
by EpicEconomics
5
MY NOT SO MINIMALIST ANALYSIS FOR DECENTRALAND$MANA 10.30.21 2007H +8 SINGAPORE INDICATORS TO CONFIRM OVERBOUGHT ALERT: WE ARE REACHING OUR TARGET EXITS HAD TO ADJUST BEYOND PARABOLIC A FURTHER UP. You can shave off your profits before moving to THE MAXIMIZED and PARABOLIC AREAS OF VALUE. AB=CD Pattern Completed, waiting for DIP, and let us see if it will move further upwards. CONGRATULATIONS EVERYONE! Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors! SHOUT-OUT to All the Cryptoverse Analysts! Vive Le Austist! Vive Le Retailers! Vive Le Revoluzion! Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. "FOLLOW THE WHITE RABBIT!" HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. TARGET ZONES IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS and if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE -CONSERVATIVE (If price action conditions are right.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market. Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, Fibs, Market Dynamics, and especially trading psychology. Note: This CHART is best used without indicators. Master your Trading Discipline and Trader's Psychology
COINBASE:MANAUSDLong
by The_Crypto_Samurai
Decentraland Token (MANA) Show berish corrections Decentraland token, (MANA)Had a price surged to a very substantial 44% in the past 24hrs showing an almost 50% which would mean a ½ increase of the total token price. And after such a wonderful day for the decentraland investors it seems they are rallying up for a potential sell off, as indicated by the "bearish diversion" spotted in the 1hr time frame against the USDT fiat coin on the "RSI indicator" and a declining trading volume which shows potential weakness in the current uptrend, so its like ly for MANA to see a slightly little or probably huge correction in the coming days. Though the Fibonacci retracement tool (not drawn up in the post) that their is slightly high chance of a continued uptrend if the correction don't GI below key resistance levels
by Jezzz_
MANA Price Rallies 45% To $1.27 Buoyed By Facebook Rebrand MANA price has rallied 45% over the last 24 hours following the news of Facebook rebranding to Meta. MANA’s upward movement aims for the all-time high around $1.70. The MANA price has rallied a massive 45% over the past 24 hours, a significant increase for the DeFi coin. Decentraland’s price rally has been largely driven by the news of Facebook rebranding to Meta. The tech giant announced it was rebranding to Meta, reaffirming its metaverse ambitions. The news saw Metaverse, NFTs and gaming token prices rally just a few minutes after the announcement with some metaverse-related cryptocurrencies gaining as much as 100% in the last 24 hours. Decentraland (MANA) price analysis reveals that it has soared as by as much as much as 80% at earlier today to an intra-day high of $1.521before being rejected by the $1.50 resistance level. MANA Price Rally Aims For $1.70 All-Time High At the time of writing, MANA price is changing hands around $1.27 on most crypto exchanges and appears to be fighting immediate resistance from the $1.30 psychological level. A closure above this level could see the Decentraland token rise to tag the April 17 all-time high (ATH) around $1..70. Before hitting this target, the MANA bulls have to overcome selling pressure from the $1.42 and $1.49 supply zone. The entry of the Relative Strength Index (RSI) into the overbought zone indicates that the bulls are in control of the MANA price, accentuating this bullish outlook. Also the upward movement of the MACD and its position above the zero line in the positive region validates this optimistic outlook. However, if MANA slips back into the demand zone, the red band, it could trigger massive sell orders that could see it tank towards the 200-day SMA at $0.85, the 100-day SMA at $0.80 and the 50-day SMA at $0.871.
BINANCE:MANAUSDLong
by CoinGape
1
Decentraland (CRYPTO: $MANA) Is Our Top Metaverse Play! ♾️What Is Decentraland (MANA)? Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize. Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences. Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace. Who Are the Founders of Decentraland? Decentraland was co-founded by Ariel Meilich and Esteban Ordano — both of whom have stepped down from major positions at the project, but still work alongside Decentraland as advisors. Ariel Meilich previously held the role of project lead at Decentraland between 2017 and 2020, and is a serial entrepreneur that has founded several other startups, including an online translation agency and a CRM platform. He also worked as an analyst at Charles River Ventures, a prominent Silicon Valley venture fund. On the other hand, Esteban Ordano is Decentraland's former tech lead and has a long and varied history in the cryptocurrency space working as a software engineer at BitPay, Inc., an advisor to Matic Network and briefly operated his own smart contract development firm known as Smart Contract Solutions. Esteban is also credited with co-founding Zeppelin Solutions, an established blockchain technology infrastructure company. Although Ariel and Estaban are no longer leading the project, the development of Decentraland is still ongoing, with efforts being directed by the recently established Decentraland Foundation. What Makes Decentraland Unique? Decentraland is built for content creators, businesses and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment. In total, the Decentraland gameworld — termed the “Metaverse” — is divided into 90,601 individual parcels of LAND, each of which is represented by an ERC-721 non-fungible token. Each LAND is exactly 16m x 16m (256 square meters) and can be found at a particular coordinate in the Metaverse. Though LAND holders are free to develop their plot into whatever they choose, much of the Metaverse is broadly divided into several districts, each of which has a different size and theme. These districts were generated through individual crowdsales for MANA tokens, and parcels of LAND in these districts cannot be traded. As of January 2021, the cyberpunk-themed Aetheria is the largest district — comprising a total of 8,008 LAND. Decentraland is also one of the growing number of projects to use a decentralized autonomous organization (DAO) structure for governance decisions. As a result, MANA toker holders are in control of how the Decentraland world behaves, by proposing and voting on policy updates, the specifics of upcoming LAND auctions and the types of content that are allowed with the Metaverse. Besides being a creative outlet, many Decentraland users currently monetize their LAND through leasing, advertising and paid experiences. Likewise, other users generate an income by creating and selling items on the Decentraland marketplace for MANA tokens. Related Pages: Check out AnRKey X (ANRX) — the first game to merge DeFi, e-sports, and Web 3.0. Check out Axie Infinity (AXS) — a digital pet universe and decentralized trading game. Learn more about non-fungible tokens with CoinMarketCap Alexandria.,possess%20the%20property%20of%20fungibility.) Get the latest crypto news and latest trading insights with the CoinMarketCap blog. How Many Decentraland (MANA) Coins Are There in Circulation? As of January 2021, just north of 1.49 billion MANA tokens were in circulation. This is equivalent to around 68% of the current total supply of 2.19 billion MANA. The original total supply was set at 2.8 billion MANA, but has been reduced as more than 600 million MANA have been burned as a result of LAND auctions. There is also a range of further burn mechanisms in place to further reduce the circulating supply of MANA, including a 2.5% MANA burn on Decentraland marketplace transactions. MANA was originally designed to inflate at 8 percent in the first year, decreasing gradually over time to reduce the rate of inflation. But inflation is currently disabled. As per the Decentraland glossary, there are no plans to initiate this inflation "until necessary". In total, 40% of the MANA supply was sold during the 2017 initial coin offering (ICO). In addition, 20% was reserved to incentivize the community, 20% went to the development team and other early contributors, and the remaining 20% was held by Decentraland. Project lead tokens are no longer vested. How Is the Decentraland Network Secured? MANA is an ERC-20 token. This means it is based on the Ethereum blockchain. Ethereum is secured by a massive decentralized network of miners, which work together with thousands of nodes to ensure the Ethereum blockchain—and hence the MANA tokens—is protected against attacks. As one of the most battle-tested blockchains in current usage, Ethereum is currently the most popular network for crypto tokens that don’t have their own native blockchain. Where Can You Buy Decentraland (MANA)? The MANA token currently benefits from excellent liquidity and can be purchased, traded or sold on around 100 different exchange platforms. As of January 2021, Binance, OKEx and Coinbase Pro are among the most liquid exchanges for MANA tokens. A full list of available markets can be found in the “Markets” section. MANA can currently be traded against Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) — and can be purchased with a range of fiat currencies, including KRW and USD.
BITFINEX:MNAUSDLong
by Bullishcharts
10