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Decentraland (MANA) Falls 0.07%, Underperforms the Crypto Market Friday

Friday, December 17, 2021 10:43 AM | InvestorsObserver Analysts
Decentraland (MANA) Falls 0.07%, Underperforms the Crypto Market Friday

Decentraland (MANA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the crypto has dropped 7.11% to $3.08.

volatility - 41
InvestorsObserver is giving Decentraland a 41 Volatility Rank. Find out what this means to you and get the rest of the rankings on Decentraland!

Moderately Volatile

InvestorsObserver gives Decentraland a moderate volatility rank of 41, placing it in the bottom 41% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. MANA's moderate volatility reading pairs 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 well positioned going forward. With support at $2.86 and resistance near $3.16. This leaves Decentraland with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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