Decentraland MANA hosted the Australian Open’s closing Party in its metaverse, featuring many popular artists. Analysts predicts that Decentraland price will steady at resistance price of $2.60 as the metaverse token pushes for a $2.70 target.
Decentraland’s 3-D virtual platform is hosting a closing party today, January 31, 2022, for the Australian Open tennis tournament. The metaverse token has posted 25% gains over the past week.
The Australian Open is a tennis tournament held annually at Melbourne Park in Melbourne, Australia. It’s one of the largest tennis tournaments in the world, with the prize money set at $75 million for 2022.
The winner for this year was none other than Rafael Nadal, breaking a three-way tie with Roger Federer and Novak Djokovic, claiming his 21st Calendar Slam. A Calendar Slam is achieved when an athlete wins all four major championships in one sport in the same calendar year.
The utility token of the Ethereum-based metaverse game recovered from the crypto market bloodbath and started an uptrend last week.
Analysts believe that the metaverse token could face stiff resistance ahead. Based on data from the crypto platform IntoTheBlock, 7 million addresses purchased Decentraland’s native token and are currently underwater. Until Decentraland price crosses $2.60, these addresses fail to turn profitable.
Analysts have evaluated the Decentraland price trend and predicted a trend reversal in the metaverse token. @cryptochimpanz, a pseudonymous cryptocurrency analyst, has spotted a bearish divergence in the 4-hour MANA/USDT price chart.
The VR Soldier reported that MANA is presently at trading at $2.53, up over 3% in the past 24 hours. Its market cap is $4.6 billion, with a 24-hour trading volume of $883 million.
There are a total of 1.82 billion MANA tokens in circulation, and you can purchase MANA on most major crypto platforms like Binance, Coinbase, KuCoin, Crypto.com, and more.
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