{"id":498636,"date":"2022-08-13T14:50:18","date_gmt":"2022-08-13T14:50:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=498636"},"modified":"2022-08-13T13:21:26","modified_gmt":"2022-08-13T13:21:26","slug":"decentraland-consolidates-near-1-05","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/decentraland-consolidates-near-1-05\/","title":{"rendered":"Decentraland Consolidates Near $1.05 &#8211; Can MANA Attract Buyers Now?"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405.<\/span><\/em><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">MANA price remains bullish with a daily candlestick hovering above $1.0605 hinting further gains.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">MANA price plunged for the second straight session spotted on Saturday.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Current price analysis also shows a prolonged consolidation as a couple of candlesticks would need to close higher than its current level in order to sprint further.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/shiba-inu-buildup-favorable\/\">Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable<\/a><\/div>\n<h2><b>MANA Trades At $1.07<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to CoinMarketCap, <a href=\"https:\/\/coinmarketcap.com\/\" rel=\"nofollow\">MANA\/USD<\/a> trades at $1.07 or up by 2.43% as of press time. The 24-hour trading volume improved a bit compared to a couple of hours ago and is currently riding at $148,165,816 or down by 13.47%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">MANA price was down by 28% a couple of hours ago so this is definitely a huge improvement so far. A downtrend in price with a reduction in trading volume would usually hint a downside trend but so far the numbers are definitely improving by the hour.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Judging by the daily chart, MANA price certainly looks bullish with established higher highs as well as higher lows. Interestingly, the MANA bulls are trying to shift the support into a resistance zone. More so, MANA price was able to break the important 50-day EMA seen at $0.947.<\/span><\/p>\n<h2><b>Buying Pressure Can Trigger Uptick In MANA Prices<\/b><\/h2>\n<p><span style=\"font-weight: 400\">It\u2019s wise to note that Decentraland has been trading below the EMA since April. The chart also shows a Doji candlestick pattern indicating some form of indecisiveness or apprehension from investors. But, a reinvigorated buying pressure can surely trigger the prices to go higher.<\/span><\/p>\n<p><span style=\"font-weight: 400\">More so, a daily candlestick spotted well above the session\u2019s high leaves a flicker of hope for the bulls. With that said, the bulls will definitely shoot next for the $1.20 level.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/axs\/axie-infinity-under-bearish-grip\/\">Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic<\/a><\/div>\n<p><span style=\"font-weight: 400\">Generally, the total volume levels would usually go down following a price consolidation. More so, the volume may also pick up close to the highs as seen in the charts. Following the third session high, volume expansion becomes apparent after the downtrend. More so, the breach in the support will strengthen the validity of the pattern.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trading volumes for MANA is observed to be trading below its average numbers for the past few weeks; plus the price trading shooting for a slight uptrend. Now, if MANA price fails to close above the $1.05 mark in the next sessions, MANA might possibly slip into a downtrend.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/ohQqpENu\/\" width=\"1834\" height=\"875\"><\/span><\/p>\n<pre style=\"text-align: center\">MANA total market cap at $1.98 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from Medium, Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. Decentraland (MANA) on an uptrend following breach on critical supply mark near $0.9405. MANA price remains bullish with a daily candlestick hovering above $1.0605 hinting further gains. MANA price plunged for the second straight session spotted on Saturday. Current price analysis also shows a prolonged consolidation as a couple of candlesticks would need to close higher than its current level in order to sprint further. Related Reading: Shiba Inu (SHIB) Buildup At This Price Level Could Be Favorable MANA Trades At $1.07 According to CoinMarketCap, MANA\/USD trades at $1.07 or up by 2.43% as of press time. The 24-hour trading volume improved a bit compared to a couple of hours ago and is currently riding at $148,165,816 or down by 13.47%. MANA price was down by 28% a couple of hours ago so this is definitely a huge improvement so far. A downtrend in price with a reduction in trading volume would usually hint a downside trend but so far the numbers are definitely improving by the hour. Judging by the daily chart, MANA price certainly looks bullish with established higher highs as well as higher lows. Interestingly, the MANA bulls are trying to shift the support into a resistance zone. More so, MANA price was able to break the important 50-day EMA seen at $0.947. Buying Pressure Can Trigger Uptick In MANA Prices It\u2019s wise to note that Decentraland has been trading below the EMA since April. The chart also shows a Doji candlestick pattern indicating some form of indecisiveness or apprehension from investors. But, a reinvigorated buying pressure can surely trigger the prices to go higher. More so, a daily candlestick spotted well above the session\u2019s high leaves a flicker of hope for the bulls. With that said, the bulls will definitely shoot next for the $1.20 level. Related Reading: Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic Generally, the total volume levels would usually go down following a price consolidation. More so, the volume may also pick up close to the highs as seen in the charts. Following the third session high, volume expansion becomes apparent after the downtrend. More so, the breach in the support will strengthen the validity of the pattern. Trading volumes for MANA is observed to be trading below its average numbers for the past few weeks; plus the price trading shooting for a slight uptrend. Now, if MANA price fails to close above the $1.05 mark in the next sessions, MANA might possibly slip into a downtrend. MANA total market cap at $1.98 billion on the daily chart | Source: TradingView.com Featured image from Medium, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":498637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,86567],"tags":[1144,11549,65296,8686,27141,86482],"class_list":["post-498636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-decentraland-mana","tag-btcusd","tag-decentraland","tag-ethbtc","tag-ethusd","tag-mana","tag-mana-price"],"acf":[],"yoast_head":"\n<title>Decentraland Consolidates Near $1.05 - Can MANA Attract Buyers Now?<\/title>\n<meta name=\"description\" content=\"Decentraland (MANA) shows an uptick after it has successfully breached a critical supply level adjacent to $0.9405. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Decentraland Consolidates Near $1.05 &#8211; Can MANA Attract Buyers Now?","url":"http:\/\/uniquehot.com\/news\/decentraland-consolidates-near-1-05\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/decentraland-consolidates-near-1-05\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/Decentraland-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/Decentraland-1.png?fit=694%2C474"},"articleSection":"MANA","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","decentraland","ethbtc","ethusd","mana","mana price"],"dateCreated":"2022-08-13T14:50:18Z","datePublished":"2022-08-13T14:50:18Z","dateModified":"2022-08-13T14:50:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Decentraland Consolidates Near $1.05 &#8211; Can MANA Attract Buyers Now?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/decentraland-consolidates-near-1-05\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/decentraland-consolidates-near-1-05\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Decentraland-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Decentraland-1.png?fit=694%2C474\"},\"articleSection\":\"MANA\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"decentraland\",\"ethbtc\",\"ethusd\",\"mana\",\"mana price\"],\"dateCreated\":\"2022-08-13T14:50:18Z\",\"datePublished\":\"2022-08-13T14:50:18Z\",\"dateModified\":\"2022-08-13T14:50:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/08\/Decentraland-1.png?fit=694%2C474","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/498636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=498636"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/498636\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/498637"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=498636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=498636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=498636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}