•MANA/USD is currently priced at $0.42 and has decreased by 1.52% over the past day
•The trading volumes have increased by 8.00% over the past day
•The technical indicators suggest a hawkish outlook for the near term
Short Term View: Decentraland price falls into bearish well
Source: MANA/USD by TradingView
The Decentraland price today is $0.422709 USD with a 24-hour trading volume of $90,262,231 USD. Decentraland is down 1.52% in the last 24 hours. The trading volumes have increased slightly over the past day whereas the Volume to Market Cap Ratio stands at 0.1151 for the altcoin.
Decentraland price action suggests that the bears have established a stronghold in the market, one which they are unlikely to let go off anytime soon. The bearish cloud hovering over the asset has pushed the Decentraland price below the 20,50 SMA on the four hour chart. The support for the altcoin is placed at $0.35 if the bears continue in the same vein of form. The bulls will need to target the re
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