Decentraland’s MANA Price Forecast: Anticipating a Rise to $0.30

Decentraland's MANA Price Forecast: Anticipating a Rise to $0.30

Decentraland Collaborates with Inworld to Introduce “ChatGPT on Steroids”

Decentraland (MANA) has partnered with Inworld to bring an innovative concept was known “ChatGPT on Steroids” featuring advanced A.I.. Nonetheless, regardless of this collaboration, the overall sentiment around MANA remains unchanged. The market fluctuations for Decentraland have overshadowed the significance of integrating A.I. personalities for user interaction.

As of 7:40 a.m. EST, MANA is currently worth $0.284735, showing a 3% increase with a 24-hour volume of trading of $32 Million. Nonetheless, it has experienced a slight decline of -3.15% over the last 7 days. And, the question remains: Will MANA reach $0.30?

MANA Bulls Position for Uptrend

The price chart for MANA shows a downward trend with lower lows and lower highs. The bulls have aimed to hold the price over the $0.28 level of support and push it past the previous resistance at $0.74. Nonetheless, bears have managed to bring it back to the $0.84 resistance level.

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This bearish trend is reinforced by the crossing of the 50-day and 200-day moving averages at $0.53, adding more selling pressure and causing the price to retreat to the $0.28 level of support. In addition, the simple moving averages are trading over the price.

Furthermore, there is an ongoing struggle between bulls and bears forming a descending triangle pattern, indicating a to continue of the bearish trend. Despite the fact that the Relative Strength Index (RSI) shows indications of a short-term positive trend outcome as it rebounds from the oversold mark of 30, the overall trend remains bearish.

Based on this analysis, MANA’s price is traditionally in a bearish trend, but there are two possible scenarios depending on the $0.28 level of support. If the bulls gain enough strength, there may be a price surge towards the triangle’s upper trendline, with key levels to watch at $0.37 and $0.44. On the other hand, if a candlestick opens below the triangle, it could lead to the bulls finding support at the $0.02 weekly support zone.

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Wall Street Memes offers an alternative to MANA with their token presale price as of now at its lowest and ending soon. MANA investors may consider this opportunity for higher returns.

WSM Last Chance To Buy Before Tier 1 Exchange Listings

Wall Street Memes (WSM) is preparing for its initial tier 1 exchange offering (IEO) on September 27 and has already raised over $25 Million during the presale phase with only 11 days left until the launch.

In 2021, Wall Street Memes gained understanding for its NFT collection was known “Wall St Bulls,” which sold out within thirty minutes. In 2023, the company expanded its NFT endeavors by listing its Wall St Bulls Ordinals NFTs on Magic Eden.

You can still purchase Wall Street Memes (WSM) at its current price of $0.0337. Analysts predict a rapid price increase following its official debut on major exchanges, citing strong fundamentals and positive project news. With a substantial social media following of one Million followers, Wall Street Memes has garnered whole lot of support for its Meme Coin coin project.

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WSM Staking Strategy, Earn Passive Income

Wall Street Memes offers staking options with 323 Million tokens staked and an attractive annual percentage yield (APY) of 62%. This staking option has gained whole lot of interest and supports the project’s long-term stability.

The outlined roadmap for Wall Street Memes has the entire token supply distributed to the community, with half designated for the presale and the remaining portion split between liquidity and community rewards.

Elon Musk (Tesla & SpaceX CEO) has engaged with Wall Street Memes on Twitter, sparking speculation that WSM could be listed on major exchanges in the future, similar to other trending Meme Coin coins. The project has successfully raised approximately $28 Million during its presale and will have a circulating supply of approximately 1.4 to 1.5 Billion tokens upon completion.

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As the launch date approaches, 50% of resources are allocated to marketing efforts, with influential YouTubers promoting the project. In addition, 30% is dedicated to community rewards, and 20% supports liquidity and media streaming initiatives.

The project intends to accomplish a $1 Billion market capitalization before listing on a tier-1 exchange, potentially leading to price increases. The roadmap outlines clear steps toward this goal, making it attractive to investors. To further entice participants, Wall Street Memes is hosting an airdrop where you have the opportunity to gain  $10,000 by following them

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Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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