Decentraland (MANA) managed to tally a 3.4% increase over the last 24 hours as the crypto space is looking at a possible bullish recovery. In doing so, the crypto managed to trim its losses on its biweekly and monthly charts to 2.7% and 9.4%, respectively. Decentraland rallies over the last 24 hours to trade at $0.633 MANA at the mercy of selling pressure that might soon put it to another downward trend Decentraland might soon test the $0.544 and $0.584 range This, however, might not be enough to revise the bearish thesis that threatens Decentraland should it fail to strongly and convincingly break free from its downtrend momentum that started since August of this year. In fact, MANA could be looking at a possible heavy pull downstream in the next coming week. Related Reading: Tron Hits Record 117 Million Users, But TRX Price Increase Is Mediocre MANA’s overall valuation of $1.152 billion, which ranks it as the 51st largest cryptocurrency in terms of market capitalization, is in danger of declining sharply if the asset continues to spiral down. At press time, tracking from Coingecko shows the altcoin is trading at $0.633 and is about to enter next month with a price level that is almost 90% lower than its $5.85 all-time high (ATH) that it attained, incidentally, on November 25, 2021. Bearish Momentum Likely For Decentraland Technical indicators and analysis points bring bad news for MANA which is experiencing difficulty to sus...
