The rising interest in metaverse among the retail world drives the demand for gaming and meta tokens. But is it still worth investing this late in MANA?

Recent market analysis has estimated that the metaverse market opportunity could be around $800 billion by 2024. This could be seen as an expected meteoric rise for the metaverse, given such an estimated market size; however, the question that many people are asking is that is it still early to invest in metaverse tokens?

Read more to know if it is worth investing in Decentraland token.
<h2>Past Performance of MANA</h2>
The MANA coin price shows an amazing <a href="https://www.cryptoknowmics.com/news/mana-technical-analysis-almost-40-up-since-a-week-a-great-time-to-hodl/">bull run</a> in the long and short term evident by the massive growth and an intact support trendline. The price shows a growth of more than 250 percent in the past month, however, the price action hints at a $6 breakout.

The token price today is $5.07 with an intraday trading volume of $2.58 Million. It has a circulating supply of 1.3 Billion MANA coins and a total supply of 2.19 Billion.

<img src="https://s3.tradingview.com/snapshots/w/Wr9DCpOf.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/Wr9DCpOf/">MANA/USD Daily Chart</a>
<h2>MANA Technical Analysis</h2>
The MANA coin price gains demand near the recent retracement to the support trendline. Thus, resulting in a price jump of 14 percent in the last 24 hours. However, safe traders need to be patient and wait for the previous swing-high breakout.

The RSI slope spikes higher into the nearly overbought zone after resonating near the central line in the 4-hour chart. The slope is consistent with the price action showing no divergence in the uptrend. Hence, the RSI indicator gives a buy signal for the MANA token.

The Moving Average Convergence Divergence indicator gives a bullish crossover in the 4-hour chart. Thus, driving the fast line above the slow line results in a bullish alignment above the neutral line. Hence, the indicator gives a buy signal.
<h2>Upcoming Trend</h2>
Decentraland shows a huge growth potential after Zuckerberg’s META announcement. Moreover, the increasing demand for NFTs and digital real estate forecasts a worthy investing opportunity in MANA at current prices.

The MANA coin price action shows an amazing uptrend in action increasing the trend momentum. However, safe traders can leverage the $5 breakout.

MANA Technical Analysis: Increased Trend Momentum Aims $5 Breakout

The rising interest in metaverse among the retail world drives the demand for gaming and meta tokens. But is it still worth investing this late in MANA?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

MANA Technical Analysis: Increased Trend Momentum Aims $5 Breakout

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