Decentraland (MANA) Continues to Find Higher Support

Price activity in the Decentraland market can be seen to have reached an 11-month-old support level. Since then, the market has been making higher highs. Although the token has only recorded minor gains today, it could be effective in securing more tailwinds in this market.

MANA Statistics:
Current Decentraland Price: $0.3489
MANA Market Cap: $664.86 million
Decentraland’s Circulating Supply: 1.91 billion
MANA Total Supply: 2.20 billion
Decentraland CoinMarketCap Rank: 101

Key Price Levels:
Resistance: $0.3500, $0.4000, and $0.4500
Support: $0.3000, $0.2500, and $0.2000

MANA Gains Support Above the 20-Day EMA Line

Price movement in the Decentraland daily market has seen less than a 3% price increase today. Yet, the market seems to have gained new support above the 20-day Exponential Moving Average (EMA) curve.

The price candle representing the ongoing session lacks shadow either below or above, which hints that price movement isn’t facing much tension. The Stochastic Relative Strength Index (SRSI) line has delivered a bullish crossover in the oversold region. Technical indicators on this price chart support the use of bullish crypto signals.

The Decentraland Market Stays Consistent with Minimal Profits

The MANA 4-hour market price chart shows it now standing above all the EMA curves. While the market rose past the 200-day EMA line during the previous session, the ongoing session has revealed that upside forces are deliberate and have propelled the market further upward.

Meanwhile, the SRSI lines are dragging at the 100 level of the SRSI indicator. The last price candle on the chart almost lacks a conspicuous  upper shadow, indicating that upside forces may still be ready to push the market further toward $0.3800.

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