If you want to invest in or buy MANA and wonder what the right price to start accumulating MANA is, then you are at the right place. As we go through the analysis, we will determine different patterns and how MANA reacts to them. We will also see support and resistance, which is a good area for any instrument to buy or sell. Without any further delay, let’s dive into the MANA price analysis and explore different opportunities arising from it.
MANA Price Analysis of May 5, 2025
After hitting the day’s high at $0.3035, Decentraland price began forming a converging triangle pattern, with support identified at $0.2970. That support broke to the downside at 08:30 UTC, driven by a Death Cross of the MACD, causing a sharp drop in price and forming a downward-moving channel. By 08:40 UTC, RSI fell below 30, signaling oversold conditions and suggesting a potential reversal or bounce. The bearish channel deepened, eventually marking the daily low at $0.2873. Multiple Death Cross signals on the MACD confirmed downward momentum throughout the session, reinforcing the bearish tone despite occasional short-lived recoveries along the way.
Chart 1: MANA/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 5, 2025
After marking the high for the day at $0.3035, Decentraland price formed a converging triangle pattern with support at $0.2970. The support broke to the downside at 08:30 UTC, supported by a Death Cross of the MACD. Price spiked to the downside and formed a downward-moving channel. In the meantime, at 08:40 UTC, the RSI dropped below the level of 30, indicating oversold market conditions and suggesting a potential reversal or at least a pullback. The downward-moving channel pushed the price lower and marked the low for the day at $0.2873.
Converging Triangle Signals Imminent Volatility
Swing points within the channel phase became clear when Death Cross signals appeared on the MACD. The Death Cross signal from MACD at 12:15 UTC caused additional MANA price reduction until it reached the $0.2900 level. At 20:45 UTC, another Death Cross emerged on the MACD chart, thus generating additional pressure that sustained the decreasing trend.
A Golden Cross of the MACD emerged at 23:45 UTC, which broke through the downward channel patterns to create an upward move. The price surged higher to form a new convergent triangular formation, which built support at $0.2960. Price movement out of the converging triangle toward the downside will potentially create another trading low that may lead to a price decline towards $0.2800. The convergence pattern will create an upward movement that will result in price increases towards $0.3100 while examining past resistance points to indicate a possible change in market momentum.
Currently, Decentraland price is showing signs of hesitation, with momentum indicators like MACD alternating between bearish and bullish crossovers, while RSI readings remain in oversold territory. This reflects uncertainty in the market and a potential buildup for a bigger move in either direction. Traders should monitor the structure of the converging triangle closely. A confirmed MANA breakout with increasing volume could offer directional clarity. Until then, the price is likely to oscillate within the range, creating short-term opportunities for range-bound strategies while the broader trend remains indecisive.
Bullish Breakout or Bearish Rejection? MANA’s Pivotal Price Point
Decentraland price has broken out of its downward-moving channel and is now consolidating within a new converging triangle, supported at $0.2960. While the MANA breakout suggests potential bullish intent, mixed signals from MACD and RSI point to indecision. A breakout above this pattern could send the price toward $0.3100, while a downside break might push it to retest $0.2800. With momentum indicators alternating between bullish and bearish crossovers, traders should remain cautious. Confirmation and volume will be key. Until a clear breakout occurs, price is likely to stay range-bound, presenting short-term trading setups without indicating a firm longer-term directional trend.
Decentraland (MANA) Price Analysis of May 9, 2025
The MANA price began the session by marking an early low and forming an upward-moving channel. This bullish structure failed to hold, and the channel broke to the downside early in the session, triggered by a death crossover on the MACD. Despite this bearish signal, price action remained relatively stable, evolving into a narrow range instead of a sharp decline. The market showed signs of trending behavior, attempting an upside MANA breakout mid-morning, backed by a golden crossover of the MACD. However, this attempt lacked momentum, and a clear resistance area was established, which capped further gains for the time being.
Chart 2: MANA/USDT M5 Chart, Analysed by vallijat007, published on TradingView, May 9, 2025
The Mana price marked the low for the day at 0.2978. An upward-moving channel appeared in the price, which broke out to the downside at 04:40 UTC, supported by a death crossover of MACD. Price was unable to form a spike; instead, a range appeared, which shows trending behavior. The range tried to break out to the upside at 10:35 UTC, supported by a golden crossover of MACD, but the upside breakout failed, and price formed a resistance at $0.3170.
At 15:20 UTC, the Decentraland price broke from the resistance area of $0.3170 to the upside, supported by a golden crossover of MACD. Price spiked to the upside and formed another range. In the meantime, at 15:35 UTC, RSI was above the level of 70, indicating an overbought market condition, suggesting a reversal or at least a pullback in the ongoing price movement.
Decentraland Price at Crossroads: Continuation to $0.40 or Consolidation First?
The second range again broke out to the upside at 20:00 UTC, supported by a golden crossover of MACD. Price spiked to the upside and formed an upward-moving channel. In the meantime, at 20:05 UTC, RSI moved above the level of 70, indicating an overbought market condition, suggesting a reversal or at least a pullback in the price.
The upward-moving channel broke out to the downside at 21:40 UTC, supported by a death crossover of MACD, but the breakout failed to form a spike; instead, another range appeared. The range broke out to the upside at 00:00 UTC, supported by a golden crossover of MACD. The breakout marked the high for the day at $0.3381.
Mana price shows a strong trend day, which, if continued, can push the price up to the level of $0.4000. Or there will be a consolidation phase because after a strong trend, markets most of the time consolidate for a while to continue their trend. Traders are encouraged to take a look at the chart and analyse it properly, as the crypto market is very volatile, and every investor and trader should be cautious before placing any trade.
Will the Momentum Sustain or Fade?
The MANA price action throughout the day clearly indicated trend strength, with multiple MANA breakouts supported by momentum indicators. If this upward momentum holds, the asset could challenge its next significant psychological level on the chart. However, markets often enter consolidation phases after sustained trending sessions. A short-term pause could offer MANA the chance to build support before attempting another leg higher. Traders should be on the lookout for weakening volume or failure to hold higher levels, which may signal a shift toward range-bound trading. Key support and resistance zones remain essential to watch for confirmation of either continuation or reversal.
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