Decentraland (MANA) is currently priced at $0.161917, reflecting a 3.23% increase over the last 24 hours. The daily trading range has been between $0.155592 and $0.176663, indicating a moderate volatility level with a daily range of 0.021071%.

Trading volume stands at 172,716,439, with a volume-to-market cap ratio of 55.47%, suggesting active trading interest. The short-term moving averages, specifically the 8 SMA and 13 SMA, are currently below the price, indicating a bearish trend, while the longer moving averages, such as the 55 SMA and 144 SMA, show bullish momentum over a longer timeframe.

The 1-hour RSI at 44 indicates that MANA is nearing oversold conditions, while the 7-day RSI at 56 shows a neutral stance. The price changes over the last week (12.15%), two weeks (18.17%), and month (28.78%) indicate positive momentum, but the short-term indicators suggest a potential pullback.

Historically, MANA’s all-time high of $5.85 was recorded in November 2021, highlighting significant downside potential from the current price. Despite the recent positive price action, the overall trend remains bearish in the short term, with immediate resistance at $0.176663 and support at $0.155592.

Given the mixed signals from both short-term and long-term indicators, the recommendation is to hold MANA at this price level. The potential for a short-term correction exists, but longer-term momentum remains bullish, which could lead to better entry points in the future.