• Decentraland's MANA rose by more than 20% this week

• When the metaverse platform announced a public cross competition, it gained more

• The continuous recovery of MANA is still related to cryptocurrency sentiment

Decentraland's(Mana/USD) rose 12% on Sunday, making the weekly increase more than 20%. On December 31, cryptocurrency hit the lowest price in 2022 in the long-term bear market of the stock market. Since then, the stock has risen unexpectedly.

The investors of MANA in Decentraland will be very happyCryptocurrency News ReportIn the peace of the meta universe. On January 6, Decentraland announced the launch of the first meta cosmic engineering architecture and design biennial exhibition to date. It will be a meta universe announcement cross competition, including performances, theme activities, public speeches and special lectures. It is estimated that the theme activity will entertain more than 50000 visitors in five days. The theme activity is expected to attract leaders, creators and partners, who will share ideas about the meta universe.

The new high-speed development coincides with the fact that the basic construction of meta cosmic activities continues to decline in the winter of data encryption. The low popularity value pushed MANA to a very low company valuation. As of the time of submission, the buying and selling price of cryptocurrency was 0.355 dollars. In comparison, in November 2021, the price will be as high as about US $6 at the peak of the prosperity of meta universe and data encryption.

Future prospect and analysis of MANA price in recovery

MANA/USD Data Charts by TradeView

From the perspective of the technology market, the RSI is higher than the central point, indicating that MANA's customers have entered. The MACD index value reflects the rising trend. MACD cable crosses the power cable, improving the prospect of rising market. However, the index value is still less than the neutral zone, and the focus on the bear market of the stock market still exists. Although the economy recovered, the MANA price remained below the downward trend line.

What will happen next?

With the improvement of the trend, investors can continue to use the short-term gains of MANA. However, the market outlook is bullish. Once the price touches the downtrend line, MANA may adjust. IfSHOP MANANow, we need to pay attention to the level of about $0.4, where the price crosses the downward trend line.

Where to buy MANA

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