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

Sunday, May 22, 2022 09:06 AM | InvestorsObserver Analysts

Decentraland receives a weak long-term technical score of 8 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. MANA currently holds a superior long-term technical analysis score than 8% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Decentraland a 8 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

The current trading price of $1.120000000 for MANA is -$1.0800000 (-49.21%) below the tokens 100-day moving average of $2.200000000. MANA meanwhile is $0.7400000 (-2644.37%) above its 52-week low of $0.370000000 and -$4.78000000 (-150.49%) under its 52-week high price of $5.900000000. Decentraland's current price relative to the tokens long-term average and 52-week high and low, gives the crypto an average long-term technical score of 8. The price movement and range of MANA suggest that investors are bearish on the token at this time. Decentraland has a total market value of $2,060,816,544.50 with an high average daily volume of $1,920,459,692.58 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, MANA's volume is below its average with $272,637,769.32 exchanged in total.

Summary

MANA's historical trading over the past year gives it a a weak long-term technical score of 8 as its price movement in that time has given investors reason to be bearish on the token in the long-term. Click Here to get the full Report on Decentraland (MANA).