Decentraland (MANA) is currently priced at $0.117136, experiencing a significant decline of 6.04% over the last 24 hours. The price range for the day has been between $0.11605 and $0.12715, indicating a relatively narrow daily range of just 0.0111%, which suggests low volatility in the current market context.

The trading volume of 19,836,266 reflects an 8.83% share of the market cap, indicating moderate interest but not strong enough to support a bullish reversal. Notably, the hourly moving averages show a downward trend, with the 8 SMA at $0.1221 down 4.09% and the 144 SMA at $0.1351 down 13.30%, reinforcing a bearish sentiment.

Momentum indicators are also bearish, with the 1-hour RSI at a critically low 11, suggesting that MANA is oversold in the short term. The 7-day RSI at 37 indicates that while MANA is not yet in extreme oversold territory, it is approaching conditions that could lead to a potential short-term rebound if buying interest emerges.

Over the past week, MANA has decreased by 26.12%, and the 14-day change is even more pronounced at -30.61%. The 30-day change of -6.77% further indicates a consistent downward trend, with no significant signs of recovery in the near term.

Considering the all-time high of $5.85 reached in November 2021, MANA has drastically lost value, suggesting a long-term bearish trend. Given the current technical indicators and lack of bullish momentum, the outlook remains negative.

Based on this analysis, I recommend a Sell rating for MANA. The combination of declining moving averages, weak RSI readings, and significant price drops indicates that further downside risk remains likely in the near term.