Decentraland: ຖອດລະຫັດເຫດຜົນຢູ່ເບື້ອງຫຼັງປະສິດທິພາບຂອງ MANA 

  • MANA registered double-digit daily gains.
  • Whale interest increased and metrics looked bullish. 

AO Metaverse and Decentraland [MANA] recently organized the second edition of Australian Open 23. The event, in which attendees were able to enter the main stadium, Rod Laver Arena, explore the precincts, and choose their own adventure through a series of tennis content, concluded on 29 January. 

Soon after the event ended, Decentraland’s price skyrocketed. CoinMarketCap’s ຂໍ້ມູນ revealed that MANA’s price surged by more than 10% in the last 24 hours. At the time of writing, it was trading at $0.7852 with a market capitalization of over $1.45 billion.

This unprecedented surge can be the reason behind whales’ interest in MANA as the token made it to the list of cryptos that the top 1000 Ethereum whales were holding. 


ລາຄາເທົ່າໃດ 1,10,100 MANAs ຕົກເປັນມູນຄ່າມື້ນີ້?


What caused this pump?

ເບິ່ງທີ່ໃກ້ຊິດ MANA’s on-chain metrics shed some light on what might have fueled the token bull rally. CryptoQuant’s ຂໍ້ມູນ revealed that MANA’s exchange reserve was low, indicating lower selling pressure.

Furthermore, over the last week, MANA’s exchange outflow increased while the exchange inflow decreased, which looked pretty bullish and might have played a significant role in the pump.

Active addresses on Decentraland also registered an increase, reflecting a higher number of users on the network. Interestingly, the price surge was accompanied by a massive increase in volume, which further legitimized the uptrend.

ແຫຼ່ງຂໍ້ມູນ: Santiment


ຈິງຫຼືບໍ່, ນີ້ແມ່ນ ມູນຄ່າຕະຫຼາດຂອງ MANA ໃນ BTC's ຂໍ້ກໍານົດ


However, this should be considered

While the metrics were bullish and supported the possibility of a continued surge, MANA’s market indicators had a different story to tell.

The Bollinger Bands pointed out that MANA’s price was entering a less volatile zone, which might restrict MANA from going up in the short term.

ນອກຈາກນັ້ນ, MANA’s Chaikin Money Flow (CMF) and On Balance Volume (OBV) both registered a slight downtick, raising concerns.

Nonetheless, the Exponential Moving Average (EMA) Ribbon revealed a massive bullish advantage in the market as the 20-day EMA was well above the 55-day EMA, which can lead to a price hike over the next few days.

ແຫຼ່ງຂໍ້ມູນ: TradingView

Source: https://ambcrypto.com/decentraland-deciphering-reasons-behind-manas-bullish-performance/