Decentraland (MANA) may appear bullish as seen in the past couple of days due to buyers keeping the prices up hovering above 200 DMA as observed on the hourly chart. Regardless, the token still trades the sideways horizontal range with $0.75 for support and $1.0 resistance. With the escalation seen on the hourly chart, trading volume has also spiked by 290% in the past couple of hours. Buyers saw a decline in MANA in triggered by the sell-off as it saw a decline to a 90-day low of $0.772 last May of 2022. Despite the aggregation seen on the sideways range in the past few days, speculators saw the formation of a rounding bottom pattern on the daily price chart. With that said, buying of the token has intensified which prompted the price action to form higher-highs. Related Reading: Decentraland Blooms In Green In Last 4 Days; Boosts Traders’ Appetite In MANA MANA Price Currently Trades at $1.02; Drops by 2.36% According to CoinMarketCap, MANA price is currently trading at $1.02 or a dip of 2.36%. Despite it being bullish, the market capitalization stays neutral at around $2 billion as seen in the past 24 hours. With the rise of MANA, speculators also saw a boost in trading volume by 290% in the past 24 hours but still the MANA/BTC pair has dipped by 1.4%. The price of MANA may rally as buyers keep the momentum and price up or above 200 DMA as presented on the hourly charts. On the daily charts, the 20-day EMA remains to be pump...
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