What do the Long-Term Technicals Predict for Decentraland (MANA) Saturday?

Saturday, August 06, 2022 03:13 PM | InvestorsObserver Analysts

Decentraland receives a weak long-term technical score of 30 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, MANA holds a superior long-term technical analysis score than 30% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Decentraland a 30 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Decentraland!

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Trading Analysis

MANA is currently $0.0500000 (4.61%) above its 100-day moving average price of $1.020000000 with its current price of $1.070000000. Meanwhile, Decentraland is $0.4600000 (-1650.65%) above its 52-week low price of $0.600000000 and -$4.84000000 (-151.36%) below its 52-week high of $5.900000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 30. Trends for the long-term trading history of Decentraland suggest that traders are currently bearish on the token. Decentraland currently has a total market cap of $1,975,375,039.44 to go along with its average daily volume of $1,752,680,932.26 worth of the currency over the past seven days. MANA's volume is below its seven day average as of the past 24 hours, with 232,899,775.94 exchanged in that period.

Summary

Trading patterns over the last year for Decentraland leads to the token's a weak long-term technical score of 30 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Decentraland (MANA).