The MANA coin price shows phenomenal growth in the past week with the demand near the 200-day SMA. Will the rising uptrend reach $3? Decentraland (MANA) describes itself as a virtual-reality system powered by the Ethereum blockchain. It lets users create an experience and also earn money from content and apps. Decentraland is also among the many projects that use the decentralized autonomous organizational (DAO) structure to govern decisions. In the end, MANA token holders have control in the way that the Decentraland world operates. It is done by proposing and deciding on updates to the policy and the particulars of the forthcoming LAND auctions, as well as the types of content allowed in the Metaverse. Let us move ahead to read about Decentraland technical analysis. Past Performance of MANA The MANA coin price breaks above the long-coming resistance trendline with an extremely bullish week of more than 25% increase. The lack of a single bullish candle last week hints at a weakness in underlying bearishness. The token price stands above the crucial level of $2.5 and might soon burst to reach the $3 mark. MANA/USD Daily Chart MANA Technical Analysis The MANA coin price action gives a bullish breakout of a rounding bottom and the falling channel patterns in the daily chart. Therefore, traders can expect an upcoming bullish rally shortly. The crucial Simple Moving averages show a recent bearish crossover of the 50 and 100-day li...
