Decentraland / US Dollar Cryptocurrency Forecast

$0.676
-0.0143 (-2.07%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Decentraland / US Dollar cryptocurrency price down 2.07% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 24, 2024 Gain 5.64% PDF

The Decentraland / US Dollar cryptocurrency price fell by -2.07% on the last day (Thursday, 28th Mar 2024) from $0.690 to $0.676. During the last trading day the cryptocurrency fluctuated 4.86% from a day low at $0.653 to a day high of $0.685. The price has risen in 5 of the last 10 days and is up by 10.97% over the past 2 weeks. Volume has increased on the last day by 75 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 88 million shares were bought and sold for approximately $59.24 million.

The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 46.09% during the next 3 months and, with a 90% probability hold a price between $0.85 and $1.22 at the end of this 3-month period.

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MANAUSD Signals & Forecast

There are mixed signals in the cryptocurrency today. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -13.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely. The Decentraland / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.653 and $0.642. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Decentraland / US Dollar cryptocurrency

Decentraland / US Dollar finds support from accumulated volume at $0.656 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.0317 between high and low, or 4.86%. For the last week, the cryptocurrency has had daily average volatility of 4.06%.

Our recommended stop-loss: $0.649 (-4.02%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (MANAUSD) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Decentraland / US Dollar to open at $0.671, and during the day (based on 14 day Average True Range), to move between $0.613 and $0.739, which gives a possible trading interval of +/-$0.0628 (+/-9.30%) up or down from last closing price. If Decentraland / US Dollar takes out the full calculated possible swing range there will be an estimated 18.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.656 (2.93%) than the resistance at $0.725 (7.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Decentraland / US Dollar cryptocurrency A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Decentraland / US Dollar cryptocurrency to perform well in the short-term.

Current score: 1.935 Buy Candidate Unchanged

Predicted Opening Price for Decentraland / US Dollar of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
$0.671 ( 0.695%) $0.676

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MANAUSD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.703 4.00 %
R2 0.691 2.20 %
R1 0.683 1.10 %
Current price: 0.676
Support S1 0.659 -2.49 %
S2 0.652 -3.59 %
S3 0.639 -5.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.783 15.85 %
R2 0.750 10.96 %
R1 0.725 7.21 %
Current price 0.676
Support S1 0.656 -2.93%
S2 0.651 -3.68%
S3 0.649 -3.98%

FAQ

What is the symbol for Decentraland / US Dollar Cryptocurrency and on which exchange is it traded?
The symbol for Decentraland / US Dollar is MANAUSD and it is traded on the CRYPTO (Cryptocurrencies).

Should I buy or sell Decentraland / US Dollar Cryptocurrency?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Decentraland / US Dollar cryptocurrency to perform well in the short-term.

How to buy Decentraland / US Dollar Cryptocurrency?
Decentraland / US Dollar Cryptocurrency can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Decentraland / US Dollar Cryptocurrency.

What's the current price of Decentraland / US Dollar Cryptocurrency?
As of the end of day on the 2024-03-28, the price of an Decentraland / US Dollar (MANAUSD) share was $0.676.

What is the 52-week high and low for Decentraland / US Dollar Cryptocurrency?
The 52-week high for Decentraland / US Dollar Cryptocurrency is $0.95 and the 52-week low is $0.248.
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