The price of the digital currency Decentraland (MANA) has surged by over 12% in the past 24 hours, reaching $0.31, its highest level in the last two months. This growth comes amid technical indicators supporting investor interest and an upward trend. Therefore, a short-term price increase trend may continue. On the daily chart of the MANA/USD pair, the On-Balance Volume (OBV) indicator has reached 9.47 billion, its highest value from December 2024 onwards. The upward trend of this indicator, along with the price increase, indicates high demand and buyer strength. Additionally, Decentraland is currently above the 20-day Moving Average at $0.26, acting as a support level. When the price is above this level, it indicates a short-term upward trend. Furthermore, Decentraland is trading above its uptrend line, indicating a continuous upward movement with increased buyer power. If this trend continues, the price could surpass $0.34 and rise to $0.44, equivalent to a 41% growth. However, if selling begins for profit-taking, the price may drop to $0.19, representing a nearly 40% decline from current levels. On the real-time digital currency price page, you can view the prices of all tokens and cryptocurrencies live and instantaneously.
