Lowe's Progressive Decentraland

Decentraland: MANA reaches a resistance zone, is it time to go short?

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceDecentraland is one of the largest metaverse projects in the crypto ecosystem, but its token MANA has been on a steady downtrend in recent weeks.

After a brief foray beneath the $0.72 support, the price has rallied by an impressive 80%. However, this rally might be near its end, and rejection at a resistance zone could occur over the next day or two for the crypto asset.Source: MANA/USDT on TradingViewThe $1.25-$1.35 area (red box) is a higher time frame zone of supply for MANA, which had acted as a demand zone earlier this month.

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