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Decentraland

MANA Decentraland and the Altcoin Season ThesisIf you haven`t sold MANA here: Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MANA Decentraland, for which my price target is $0.50. Looking forward to read your opinion about it!
Long
by TopgOptions
MANA Decentraland is considered a security by the SECIf you haven`t sold MANA here: Then you should know that recently the U.S. Securities and Exchange Commission (SEC) classified Decentraland (MANA) as a security. This means that MANA, the native cryptocurrency of the Decentraland virtual reality platform, is now subject to securities regulations and requirements imposed by the SEC. The decision to categorize MANA as a security by the SEC signifies that it is considered an investment contract, representing ownership or participation in a particular project or platform. As a result, Decentraland and MANA will be subject to compliance with applicable securities laws, including registration, reporting, and other regulatory obligations. This classification by the SEC highlights the increasing scrutiny and regulation of cryptocurrencies, particularly those involved in projects that resemble traditional securities offerings. My short term price target is $0.35. Looking forward to read your opinion about it.
Short
by TopgOptions
✴️ Decentraland 1,2,3,4 Steps Pattern After Perfect Zig-ZagI've always loved to do things early, work early, wake up early, meditate early, open up my Crypto trades early; buying early... It has its advantages and pitfalls. One of the advantages is that you get bigger, better, higher earnings potential, the initial move is always fast and strong. One of the pitfalls is that you are less certain as the confirmation is yet to come. For Decentraland, MANAUSD, the bias is bullish based on the move that started in January 2023. This move (#1) is the initial bullish breakout and sets the tone of what is happening. What follows is a correction and in this case we have a perfect zig-zag, low (#2) followed by a lower low (#3), with prices bouncing perfectly so far off the 0.786 fib. retracement level. Now, that's one of the cons of being early, it can go lower before reversing but the reversal is sure to come and that's #4, the new bullish wave that is about to develop all across in the days, weeks and months to come. That's the 1,2,3,4 Steps Pattern for you. Thanks a lot for your continued support. I miss you! Namaste.
CRYPTO:MANAUSDLong
by MasterAnanda
MANA - Time For Lift Off!In our last analysis for MANA, we identified that we were in subwave 2 of wave 5. We are now at the extremes of the subwave 2 as we're touching the ascending trendline which we anticipate to be respected. Our hard stops will remain below invalidation level but we can capitalise on a risk entry now. For a safe entry, we can watch for the red trendline to break, which will still be relatively early in the move. Trade Idea: - For a risk entry, enter now with stops below the wedge OR safer stops below invalidation level - For a safe entry, enter on break of red trendline - Targets: 6, 15, 40 Goodluck and as always, trade safe!
BINANCE:MANAUSD
by WicktatorFX
4
Last call for $MANABINANCE:MANAUSDT.P lost it all. Even though trading at the bottom of the AltCoin KillZone ... ...there is some last major support right below. Losing that + start trading below (e.g. 1-2 weekly closes below), I am not too convinced it will make a new ATH in the next season. Being aware that this is closer to a gamble rather a well defined trade, I am willing to put some "gambling money" into SPOT +already started scaling into a trade since losing $0.45. Unless CRYPTOCAP:BTC is losing it completely, this has potential to become a MultiYear Swing from here. Invalidation is close and R2R decent. #DYOR #NFA
Long
by nl8
Price Analysis and Market Outlook for MANAMANA has exhibited a consistent downward trend over the past month. Following a negative response to the resistance level at $0.69, the currency's price breached the upward trend line and retraced back to established support levels. A range of support has been identified around the price point of $0.44, which aligns closely with the 0.618 Fibonacci retracement level. However, considering the previous analysis which identified support within the $0.40-$0.43 range, there remains a possibility that the price may reach this level and elicit a stronger reaction than the current one. Nevertheless, should the price rebound from this range, there are indications suggesting the correction may be nearing its conclusion, especially if a significant breakthrough of the $0.50 resistance level occurs. Additionally, considering the timeframe, the price is currently within the expected range for the completion of the correction wave. Consequently, if a robust recovery materializes above the aforementioned threshold, it is likely that the price will experience growth in the ensuing days.
by MonoCoinSignal
1
Decentraland MANA price can be one of 1st to start a rising waveToday we will talk about the prospects for the price of the Decentraland token - MANA But first, please like our previous idea MANAUSDT, which has perfectly worked out the sales area and recently the purchase area for 4 months. It looks like the MANAUSD price has completed its correctional wave (2) and is now trying to start a growth wave (3). Wave (3) is considered to be the longest, and given that there are many liquidity zones above, the path of growth will not be easy. However, we have schematically depicted on the chart how the growth and correction waves can look like. The intermediate targets for MANA's price growth are $0.90 and $1.85. The final selling zone for MANAUSDT, which is now visible in the probable wave (3), may be in the area of $2.25-2.50. What do you think, will such a positive scenario work out given the current pessimistic sentiment in the cryptocurrency market?) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
33
MANAUSD Cycle may need to make one last low before rallyingDecentraland (MANAUSD) has been unable to break above the 1W MA50 (blue trend-line) despite January's rise (led at large by Bitcoin). This draws heavy comparisons with the previous Cycle, which on March and June 2019 failed also to break above the 1W MA50 despite a March rally and instead dropped to the 1.236 Fibonacci extension, which was a Lower Low for the Bear Cycle and the final bottom. The 1W RSI pattern confirms those similarities and even though MANA doesn't have to decline as low as the 1.236 Fib again (which is at 0.1420), we have to consider the high probability that the bottom is not in. Of course breaking and closing above the 1W MA50 invalidates that and sets the market on a Bull Cycle track. Technically the closing above the 1W MA100 (green trend-line) kick starts the parabolic part of the Bull Cycle. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MANAUSD
by TradingShot
2
🚀 MANA TRIANGLE BREAKOUT INCOMING? KEY LEVEL AT $0.48! 📈 🔥Hi, friends! Mana is consolidating inside a huge triangle since mid-January. I think it's time for this altcoin to show all its strength. The most important key level is at $0.48. The false breakout of it will be a huge trigger for MANA growth. 📊 TRADING PLAN FOR MANA: 1. false breakout of the key level $0.48 2. volume growth 3. bullish BTC is a must-have for altcoins growth ✅ MY TARGETS FOR MANA: 🔥 $0.58-0.62 - the value area 🔥 $0.7 - the key level 🔥 $0.85 - the local high 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
5
Decentraland: Crab 🦀Like a crab, Decentraland is predominantly moving sidewards just above the support at $0.48. Nevertheless, we expect our crypto friend to develop more upwards momentum soon so that it will be able to expand wave iii in magenta above the resistance at $0.84. However, there is a 35% chance that Decentraland could slip below the support at $0.48, thus digging itself into the magenta-colored zone between $0.49 and $0.40 to place a new low in the form of wave alt.ii in magenta first before turning upwards again.
BINANCE:MANAUSD
by MarketIntel
✴️ Decentraland Hits Bottom? -95% From All-Time HighIt is possible that MANAUSDT (Decentraland) hit bottom after dropping 95% in value from its All-Time High. The weekly RSI is at its lowest level ever and continues moving lower. The current price hit its lowest level since February 2021. Altcoins tend to correct between and 90-98% in bear markets so this one is very likely done. We are seeing altcoin after altcoin hit bottom... Once we hit bottom, the only place left to go is up. Get ready. Prepare... The next altcoins bull market is going to last a long while and it will be the strongest we've seen so far. Namaste.
Long
by MasterAnanda
5
MANA: Channel Down BreakoutDecentraland (MANA) technical analysis: Trade setup : Price broke out of trading in a Channel Down pattern, which it was consolidating in after substantial gains earlier this year. This bullish breakout from Channel Down and above $0.60 key level and 200-day moving average, could indicate Uptrend resumption with near term potential upside to $0.75. Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.60, then $0.42. The nearest Resistance Zone is $0.75, then $1.00.
Long
by altFINS
✴️ Decentraland | A Different PerspectiveMANAUSDT Grew by almost 200% in its initial recovery wave, that is January 2023. This might sound like a lot but when you put this into perspective, it is actually just a tiny bit of the total growth potential... See this chart... This is only the mid-term and the 6 months "long-term". We consider long-term within 6 months or 6 months or longer. When we consider the long long-term (12+ months), then we are looking at new All-Time Highs and the potential is off the chart. And it looks bullish short-term (main chart). Namaste.
Long
by MasterAnanda
2
🔥MANA IS ANOTHER ALTCOIN WHICH WILL BRING THE HUGE PROFIT!🔥 Hi friends! Decentraland (MANA) is one of the most popular Game-Fi projects. I think the long long trade will be very profitable, especially if you will use my preconditions to open a long. 📊 TRADING PLAN FOR MANA: 1. liquidity collection below the $0.58-0.61 value area 2. volume growth 3. bullish BTC ✅ MY TARGETS FOR MANA: 🔥$0.72-0.75 - the value area 🔥$0.84 - the local high 🔥 HKEX:1 - the key level and local high Write your thought about this altcoin in the comments. What is your targets for MANA? 💻Friends, press the "boost"🚀 button, write comments, and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
✳️ 1,2, 1,2 Is The Final Proof | Decentraland, Patience Is Key! Decentraland (MANABTC) grew by 100% in 2 weeks. If you had 1 BTC, you end up with 2 BTC. Bitcoin grew over 65% in this same period. Say 1 BTC was worth $10,000 for simplicity. 65% increase would mean $16,500. Now your MANABTC trade doubles so you get $33,000 total (2 BTC at the new price). That's why we trade Altcoins vs Bitcoin mainly long-term. With USDT if you buy $10,000 worth of any Altcoin and it doubles you get $20,000. That's it. Decentraland Technical Analysis ✔️ #1 is the falling wedge, after the falling wedge the bullish wave #2. ✔️ New #1 is a falling wedge ending in a higher low, new #2 should be a bullish wave ending in a higher high. For all this... Patience is key . Namaste.
Long
by MasterAnanda
#MANAETH - Potential Massive Short or Null Trade?theCrypster - After a near 60% Long trade closing up earlier today with #MANA (our trade of the year so far!) we've got a Sell signal from CTv2. With the price currently below levels of SR this could be another great trade. #Decentraland against #Ethereum over the last 12 months has performed exceptionally well with Crypto Tipster v2 - this Short could drop below the only potential level of support left and offer another 30% gains. If this potential support is stronger than anticipated and uphold the price, the trade would become void and will settle for a Net of around 0. So, it seems to be profit or nothing on this one! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
MShort
by theCrypster
21