Decentraland (MANA) Falls 0.04%, Underperforms the Crypto Market Tuesday

Tuesday, July 04, 2023 04:12 PM | InvestorsObserver Analysts

Decentraland (MANA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 3.55% to $0.3966227897.

InvestorsObserver is giving Decentraland a 37 Volatility Rank. Find out what this means to you and get the rest of the rankings on Decentraland!

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Moderately Volatile

InvestorsObserver gives Decentraland a moderate volatility rank of 37, placing it in the bottom 37% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. MANA's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Decentraland price is trading near resistance. With support set at $0.38467599646597 and resistance at $0.396835761232663. This leaves Decentraland with potential selling pressures ahead as it may be getting over extended.