The Decentraland Price Prediction 2022 could cause some huge surprises in the cryptocurrency world. It holds support within the Ichimoku Cloud after six days of losses and is now set for a powerful bullish breakout.
Let’s Examine the Decentraland’s Technical Movement:
Decentraland Price Prediction 2022
Decentraland’s price action was not immune to the ferocious selling pressure that practically every cryptocurrency has been subjected to. MANA has dropped 30% of its value after hitting a high of $3.33 last Wednesday and a daily low of $2.38 today.
So MANA has been falling for six days in a row; which has been nasty for bulls – but that pattern may be coming to a stop today.
Despite heavy selling pressure over the last week, the price of Decentraland has remained stable. In fact, the threshold required for MANA to initiate a fresh Ideal Bullish Ichimoku Breakout entry has declined dramatically over the last week; from $3.50 last Wednesday to $2.94 today; and it will drop much lower by Wednesday to $2.84.
The 38.2% Fibonacci retracement at $2.58 is the major barrier level in front of Decentraland pricing. If bulls can push MANA above that level, the next target is a daily closing of $2.85 or above.
Bulls will be put to the test to achieve that price level; as the Tenkan-Sen, Kijun-Sen, and top of the Ichimoku Cloud (Senkou Span B) will provide the final resistance before breaking out above the Cloud.
Decentraland’s price, on the other hand, is on the verge of turning into another Ideal Bearish Ichimoku Breakout. A return to the $1.75 value range is almost inevitable if sellers achieve a daily close at or below $2.25.
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