#mana analysis

Decentraland (MANA) Price Drops Alongside Decreased Sales

Decentraland (MANA) has broken down from a short-term support level and risks invalidating its bullish structure. MANA has been increasing alongside an ascending support line since May 12. The upward movement caused a breakout from a long-term descending resistance line (dashed) on July 30.  However, the price failed to sustain its upward movement and has been decreasing since shortly after the…

GALA Falls To New Yearly Low: Biggest Weekly Losers

Be[In]Crypto takes a look at the five cryptocurrencies that decreased the most last week, more specifically from July 8 to July 15. These cryptocurrencies are:  Dogecoin (DOGE) : – 11.13% Gala (GALA) : -9.71% Basic Attention Token (BAT) : -9.43% 1inch Network (1INCH) : -9.04% Decentraland (MANA) : -8.64% DOGE DOGE has been falling underneath a descending resistance line since May 13. The line…

Decentraland (MANA) Market Cap Plunged More Than $800 Million in May

Decentraland (MANA) was among the tokens that were hit hard during the market crash of May, seeing more than $500 million wiped off its market value.  MANA is still among the 40 largest digital assets by market capitalization in June 2022. According to Be[In]Crypto Research, MANA closed May with a market capitalization of approximately $2 billion. While this number seems impressive since it…