{"id":497986,"date":"2022-08-08T16:00:17","date_gmt":"2022-08-08T16:00:17","guid":{"rendered":"https:\/\/wncen.com\/?p=497986"},"modified":"2022-08-08T12:25:02","modified_gmt":"2022-08-08T12:25:02","slug":"decentraland-blooms-in-green-in-last-4-days","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/decentraland-blooms-in-green-in-last-4-days\/","title":{"rendered":"Decentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA"},"content":{"rendered":"

Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse the previous month\u2019s coma state.<\/span><\/p>\n

MANA price currently faces incrementing supply pressure coming from the resistance spotted at $1.1. MANA\u2019s intraday trading volume is at $247.9 Million, showing a loss of 27%.<\/span><\/p>\n

Related Reading: Dogecoin Unseated From No. 10 Spot In Rankings \u2013 Can DOGE Stay Relevant?<\/a><\/div>\n
<\/div>\n
\"\"<\/div>\n
Chart from TradingView.com<\/a><\/pre>\n
MANA\/USDT Shows Upbeat Reversal Pattern<\/b><\/h2>\n
The MANA\/USDT daily chart shows the formation of a rounding bottom pattern. Earlier, the chart revealed a bullish reversal pattern that has set off the two stages with a downfall trend from May to June followed by consolidation as the coin rallied.<\/span><\/p>\n
Technically, MANA was meant to breach the resistance zone of $1.1 and push the coin to hit $1.36. On July 13, MANA’s price bounced back from its bottom support of $0.75 and soared by 44.61% in a month\u2019s time.<\/span><\/p>\n
With today\u2019s chart showing a price pump of 0.88%, buyers tried to end this with a bull run. But, the daily candlestick that closed hovering above the resistance of $1.1 will need to validate the breakout. The rally may prompt the price of MANA to increase by 26.2% to a resistance of $1.36.<\/span><\/p>\n
Decentraland (MANA) Targets Next Support Zone<\/strong><\/h2>\n
If the bulls can maintain their momentum, MANA might be able to outpace the current ceiling price and target the next support zone spotted at $1.68.<\/span><\/p>\n
However, if Decentraland\u2019s price revisits the resistance zone of $1.1, and breaks free from the 20-day EMA, then this will validate the return of a consolidation phase.\u00a0 The Bollinger Band indicator shows price jumps showing that a minor is imminent before a breach. But, the midline that provides support should be able to push forward the coin\u2019s recovery.<\/span><\/p>\n
RSI also shows a rally compared to a price action implying the sustained and increased bullish action. In fact, RSI also indicates that the price may break away from the $1.1 resistance.<\/span><\/p>\n
Related Reading: TRON (TRX) TVL Accelerates To Nearly $2 Billion Last Month<\/a><\/div>\n
Virtual Real Estate Revenue Streams<\/b><\/h3>\n
Decentraland (MANA) is powered by the Ethereum blockchain. This is a platform that allows users to buy and sell virtual real estate. In addition, users can also build, explore, socialize, and monetize virtual lands in this digital environment.<\/span><\/p>\n
The beta for Decentraland was rolled out in 2019 and has become widely accessible especially to the general public since February 2020. Following the successful beta launch, users were able to explore and develop different activities such as games and other experiential activities.<\/span><\/p>\n
Currently, a lot of Decentraland users are now generating generous revenue streams from virtual real estate through advertising, leasing, and other activities. You can also resell and produce virtual goods in Decentraland.<\/span><\/p>\n
 <\/span><\/p>\n
MATIC total market cap at $2.07 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from TheNewsCrypto, Chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. The rise in trading volume implies that traders and investors are overall happy with the increase in prices. With an increase in buying activity, MANA might possibly eclipse the previous month\u2019s coma state. MANA price currently faces incrementing supply pressure coming from the resistance spotted at $1.1. MANA\u2019s intraday trading volume is at $247.9 Million, showing a loss of 27%. Related Reading: Dogecoin Unseated From No. 10 Spot In Rankings \u2013 Can DOGE Stay Relevant? Chart from TradingView.com MANA\/USDT Shows Upbeat Reversal Pattern The MANA\/USDT daily chart shows the formation of a rounding bottom pattern. Earlier, the chart revealed a bullish reversal pattern that has set off the two stages with a downfall trend from May to June followed by consolidation as the coin rallied. Technically, MANA was meant to breach the resistance zone of $1.1 and push the coin to hit $1.36. On July 13, MANA’s price bounced back from its bottom support of $0.75 and soared by 44.61% in a month\u2019s time. With today\u2019s chart showing a price pump of 0.88%, buyers tried to end this with a bull run. But, the daily candlestick that closed hovering above the resistance of $1.1 will need to validate the breakout. The rally may prompt the price of MANA to increase by 26.2% to a resistance of $1.36. Decentraland (MANA) Targets Next Support Zone If the bulls can maintain their momentum, MANA might be able to outpace the current ceiling price and target the next support zone spotted at $1.68. However, if Decentraland\u2019s price revisits the resistance zone of $1.1, and breaks free from the 20-day EMA, then this will validate the return of a consolidation phase.\u00a0 The Bollinger Band indicator shows price jumps showing that a minor is imminent before a breach. But, the midline that provides support should be able to push forward the coin\u2019s recovery. RSI also shows a rally compared to a price action implying the sustained and increased bullish action. In fact, RSI also indicates that the price may break away from the $1.1 resistance. Related Reading: TRON (TRX) TVL Accelerates To Nearly $2 Billion Last Month Virtual Real Estate Revenue Streams Decentraland (MANA) is powered by the Ethereum blockchain. This is a platform that allows users to buy and sell virtual real estate. In addition, users can also build, explore, socialize, and monetize virtual lands in this digital environment. The beta for Decentraland was rolled out in 2019 and has become widely accessible especially to the general public since February 2020. Following the successful beta launch, users were able to explore and develop different activities such as games and other experiential activities. Currently, a lot of Decentraland users are now generating generous revenue streams from virtual real estate through advertising, leasing, and other activities. You can also resell and produce virtual goods in Decentraland. MATIC total market cap at $2.07 billion on the daily chart | Source: TradingView.com Featured image from TheNewsCrypto, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1144,11549,86531,65296,8686,27141],"class_list":["post-497986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-btcusd","tag-decentraland","tag-decentraland-price","tag-ethbtc","tag-ethusd","tag-mana"],"acf":[],"yoast_head":"\nDecentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA<\/title>\n<meta name=\"description\" content=\"Decentraland (MANA) price has been on a surge for quite some time after registering a gain of 15% for the past four days. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Decentraland Blooms In Green In Last 4 Days; Boosts Traders\u2019 Appetite In MANA","url":"http:\/\/wncen.com\/news\/decentraland-blooms-in-green-in-last-4-days\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/decentraland-blooms-in-green-in-last-4-days\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Decentraland.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Decentraland.png?fit=767%2C434"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","btcusd","decentraland","decentraland price","ethbtc","ethusd","mana"],"dateCreated":"2022-08-08T16:00:17Z","datePublished":"2022-08-08T16:00:17Z","dateModified":"2022-08-08T16:00:17Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Decentraland Blooms In Green In Last 4 Days; Boosts Traders\\u2019 Appetite In MANA\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/decentraland-blooms-in-green-in-last-4-days\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/decentraland-blooms-in-green-in-last-4-days\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Decentraland.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Decentraland.png?fit=767%2C434\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"btcusd\",\"decentraland\",\"decentraland price\",\"ethbtc\",\"ethusd\",\"mana\"],\"dateCreated\":\"2022-08-08T16:00:17Z\",\"datePublished\":\"2022-08-08T16:00:17Z\",\"dateModified\":\"2022-08-08T16:00:17Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Decentraland.png?fit=767%2C434","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497986"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=497986"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/497988"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=497986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=497986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=497986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}