MANA Price Prediction: Decentraland Ready to Soar in 2025?
2024-11-27
Bittime - Decentraland (MANA) was a highlight in the Metaverse world in 2021, but the sector has seen a significant downturn since then.
MANA, the token from Decentraland, also did not escape this impact, experiencing a drastic decline from its highest price.
However, in November 2024, MANA showed signs of recovery, with a price of around $0.695 on November 25, 2024.
MANA Performance and Latest Market Trends
MANA has experienced underperformance in 2023 and 2024, but there is renewed hope after the price spike seen in November.
This increase indicates that MANA may be on the way to recovery.
With the right analysis, many believe that MANA can return to a positive growth path.
MANA Price Prediction for 2025
Based on analysis conducted on November 25, 2024, the price prediction for Decentraland shows that MANA could reach between $2.24 to $3.36 by 2025.
This projection is based on the wave count method, which shows that MANA has completed an A-B-C corrective structure from January 2023 to February 2024.
If this pattern continues, MANA may reach new highs in the future.
Technical Analysis and MANA Indicator
Analisis ATR (Average True Range) MANA
Average True Range (ATR) is an indicator used to measure market volatility.
A higher ATR indicates increased volatility, while a lower ATR indicates decreased volatility.
On November 25, 2024, the ATR for MANA was recorded at 0.09, indicating that volatility is currently low.
This could be a signal that the market is stabilizing, and significant price movement may occur if the ATR starts to increase.
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MANA RSI (Relative Strength Index) analysis
Relative Strength Index (RSI) is a momentum indicator used to determine whether an asset is overbought or oversold.
On November 25, 2024, the RSI for MANA is at 70, which indicates overbought conditions.
This means that MANA may experience a price correction in the near future, but it could also be a signal that the bullish trend is still continuing if the price remains above level 50.
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Price History of MANA and Comparison of MANA with Similar Tokens
Below is a table showing the price history of MANA and how it compares to similar tokens in the Metaverse ecosystem:
Price Prediction Long Term MANA
The price prediction for 2026 shows that MANA could reach between $4.45 to $6.65.
Additionally, long-term analysis shows that if MANA continues to grow and attract more users into its ecosystem, the price may increase further.
Taking into account historical data, MANA has shown significant growth since its launch, and if this trend continues, the price may reach higher targets.
Read too Decentraland Price (MANA) price to IDR
Conclusion
With all the factors in place, Decentraland (MANA) appears to be well on track to experience a price surge in 2025.
If this positive trend continues, MANA could become one of the interesting tokens to watch in the cryptocurrency market.
Investors are advised to monitor the latest developments and conduct in-depth analysis before making investment decisions.
FAQ about MANA Price Prediction
What is Mana Coin?
MANA is the native token of Decentraland, a decentralized virtual reality platform built on the Ethereum blockchain.
Decentraland allows users to buy, sell and monetize content and applications in a virtual world.
Users can purchase virtual land called LAND using MANA tokens, which are also used for transactions in the Decentraland ecosystem.
MANA is an ERC-20 token that can be used to purchase various in-game items and participate in platform governance via the Decentraland DAO.
Source: Kraken
Sumber: CoinMarketCap
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Reference
Valdrin Tahiri, Decentraland Price Prediction 2025: MANA Targets Growth as Metaverse Gains Traction, Accessed November 27, 2024
Author: IN
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