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Decentraland (MANA) has continued to push decrease over the previous couple of days. The coin has in actual fact been underneath strain for all of April. Sadly, it doesn’t look like issues will enhance quickly as MANA sells off. Here is what you have to know:

• Despite constantly dropping for the final month, a development reversal for MANA is unlikely for now.

• The coin could backside at $1 within the close to time period earlier than its subsequent bull run

• MANA has closed within the pink for five straight buying and selling classes.

Data Source: Tradingview 

Decentraland (MANA) – worth prediction 

April has been some of the troublesome months for MANA. The coin has largely been on a downtrend for the entire month, and whereas there have been some indicators the sell-off could ease, up to now, the value motion has didn’t rally. But the more serious isn’t even over but.

In reality, we don’t anticipate any reversal of this downtrend anytime quickly. As a consequence, MANA will proceed to fall within the close to time period and could backside at $1 earlier than its subsequent bull run. This will probably be a lack of almost 50% from its present worth.

Besides, MANA’s fall didn’t begin in April. The coin had in actual fact peaked in February and was buying and selling at round $3.55. This was the most effective worth in 2022. However, MANA has misplaced over 50% from these highs, with extra losses anticipated to come back within the coming weeks.

Will MANA rise once more?

Yes, MANA will rise once more. The metaverse coin nonetheless has quite a lot of upside in the long term. However, present sentiment available in the market stays very unpredictable. 

We are prone to see a sustained interval of volatility and promoting strain earlier than the value motion lastly stabilizes. Despite all this, we nonetheless assume that MANA will ship unimaginable returns this yr, though it can battle to hit the success of 2021.