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Decentraland Price Prediction: MANA is poised to surge toward $5.
The price of Decentraland is set to rise by 36% as the bulls prepare to face a significant barrier nearby.
As the bulls gain momentum, MANA is seeking a target of $5.
If selling pressure increases, major support will remain at $3.14.
After a tremendous jump to an all-time high of $5.89 on November 25, the price of Decentraland has been settling. MANA looks to be on the verge of breaking out of its recent decline as it approaches a key juncture. Slicing above the critical line of resistance might result in a 36% gain for the token.
The price of Decentraland is expected to rise by 36%.
On the 4-hour chart, Decentraland price has printed a symmetrical triangular formation, giving investors little visual signals as to directional intentions. However, MANA is now reaching the upper border of the ruling technical pattern, indicating that the bulls are nearing the conclusion of their breather in the midst of the rally.
The 50 four-hour Simple Moving Average (SMA) at $3.63, which coincides with the topside trend line of the dominant chart pattern, is the first obstacle Decentraland price may confront. Breaking over this level might put the bullish aim of a 36 percent advance…
