The Hourly View for Decentraland

• At the time of this writing, MANA’s price is up $0.01 (0.35%) from the hour prior.
• Decentraland has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears.
• If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
• The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Decentraland’s hourly price chart is shown below.

The Daily View for Decentraland

• Currently, MANA’s price is down $-0.07 (-3.77%) from the day prior.
• It’s been a feast for bears operating on the daily timeframe, as Decentraland has now gone down 4 of the past 5 days.
• If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
• The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
• Divergence between MANA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in MANA’s price.

Below is a daily price chart of Decentraland.

The Latest From MANA’s Blockchain

• MANA has a count of active addresses of 1052, down 9.47% from its value day prior.
• Over the past 29 weeks, the trend for MANA’s daily transaction count has been choppy and unclear. It has oscillated between 786 and 22538.
• MANA’s average transaction value now stands at 21291.1026.

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