Decentraland (MANA), celebrating the closing of the Australian Open on the metaverse. Analysts believe Decentraland price could meet the $2.60 resistance as the metaverse token targets a $2.70 level.
Decentraland’s 3D virtual platform launches today, January 31, 2022 Australian Open tennis tournament hosts a closing party for In addition to all the developments, the Ethereum-based MANA price, which saw the recovery in the market as an opportunity, managed to increase by 21% last week.
Analysts believe that the metaverse token may face stiff resistance in the future. According to data from crypto platform IntoTheBlock, 7 million addresses have purchased Decentraland’s native token and all are currently unprofitable. Decentraland price These addresses made purchases at levels that could not be profitable until they exceeded $2.60.
Analysts evaluated the Decentraland price trend and predicted a trend reversal in the metaverse token. A cryptocurrency analyst known by the alias @cryptochimpanz announced that he noticed a bearish trend on the 4-hours MANA/USDT price chart.
bear div on 4h$MANA pic.twitter.com/UameACsTAg
— Chimp of the North (@cryptochimpanz) January 31, 2022
@BitBitCrypto, an analyst and trader, believes that metaverse tokens like Decentraland are capitulating. The analyst predicts that the Decentraland price uptrend will continue.
Analysts on YouTube channel Crypto Dubai believe that Decentraland price could target $3 in an uptrend. The $3 target could act as a resistance for the price of the metaverse token.
FXStreet analysts predict that the Decentraland price rally could be prolonged. The price of the Metaverse token exceeded $2.50 at press time. According to analysts, the token of the 3D virtual world can break this resistance and have the power to sustain the uptrend.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.