MANA price has risen over 15% the last week
MANA Price has been held up by the 100MA
MANA has formed an ascending channel
MANA Eyeing $1?
Decentraland (MANA) has been underperforming the market over the last month. Although prices have successfully risen nearly 100%, ETH has been outperforming MANA since the bottom hit on July 20th. Decentraland defines itself as a virtual reality platform powered by the Ether blockchain that allows users to create, experience, and monetize content and applications . This use case has been gaining a lot of traction over the last month as NFTs have exploded in value & interest. Soon MANA should catch up with the rest of the market & move higher.
Over the last month, MANA has been respecting an ascending channel that has held price stable throughout its uptrend. Each time price has attempted to breakout of its channel, it has gotten pushed to the other side. This shows there is an equal amount of buyers & sellers and until a trend is broken
