Price Analysis of Decentraland (MANA) and Fantom (FTM)
Decentraland (MANA) has reportedly experienced a strong rally in the past 24-hours that has pushed its price up to $3.03 per MANA. Until January 29, MANA’s price was at $2.37 per MANA, which was the low figure for MANA. From that point until now, the price of MANA has moved up by 28.27%. Even in the past 24-hours, the investors have not lost their confidence and have achieved a 13.08% rally.
As the overall cryptocurrency industry is rebounding, Decentraland’s value is also making a comeback. If the investors keep growing more and more bullish about Decentraland, then its rally may continue. This would help push Decentraland’s price up to $3.42 per MANA.
The first strong resistance mark is currently very difficult to achieve by the bulls, as the rally needed to back it up has to be strong. The bulls would only be able to achieve it if more investors join their hands and start taking the selling pressure from the bears head-on.
If the bulls with investors’ support are able to sustain the pressure, then Decentraland’s price may move up to the second strong resistance point ($3.76). The second strong resistance mark won’t be much difficult for the bulls to achieve as the investors would start leaning towards a positive trend by then.
If bulls increase their buying pressure, they may gain the opportunity to push the price of Decentraland up to the third strong resistance mark. As of now, the third strong resistance mark for Decentraland is $4.14 per MANA.
Fantom (FTM) investors have also increased their buying power in the past 24-hours to push its price into a green zone. The 24h surge Fantom has achieved in the past 24-hours is 7.43%. On January 31, the low price FTM observed was $1.93 per FTM.
As of now, the price FTM has recorded versus tether is worth $2.16 per FTM. Even the past 7-day performance analysis for FTM is showing a 0.23% surge. This means that the confidence of the investors making investments in FTM is rising.
The sentiments of the investors are growing positive given the sudden rush in the overall cryptocurrency sector resulting in overall price surges. This means that being in the metaverse, Fantom is among cryptocurrencies that are observing high gains recently.
In near future, the Fantom investors may increase their buying power and provide full support to the bulls. This would start creating huge ripples for Fantom that would eventually elevate the value of Fantom for good.
In the upcoming days, Fantom may observe a surge in its value, moving up to $2.32 per FTM. With more investors joining the rally, Fantom’s price may grow significantly, where the next benchmark would be $2.49.
