Decentraland Price Prediction: Will MANA Continue its Latest Surge?

Decentraland Price Predictions sees a significant upsurge lately from the metaverse platform on Wednesday. Following its spectacular price gain over the last 24 hours, Decentraland (MANA) is clearly leading the cryptocurrency charge today. Within that time span, the metaverse-focused token has risen by 10.26% to a spot price of $0.5193, providing a highly positive signal to the larger ecosystem that tokens endowed with utility may always take them to new heights.

This amazing rebound comes at a time when the larger crypto market is following Bitcoin's lead and losing the majority of its first-quarter gains. So, what may be behind the Decentraland price prediction uptick? Let's see.

Decentraland Price Prediction As Apple Creates Fumes of Metaverse Project

The rumours concerning Apple's own metaverse initially surfaced on Monday, when a Twitter user posted about it. In the tweet, Idi Wertheimer mentioned that Apple was rumoured to be introducing its own mixed-reality headset. As a result, Wertheimer expects that metaverse currencies will begin pumping as a result of this news.

Rumours concerning Apple developing its own metaverse aren't new; it's long been assumed that the business will create one to compete with Meta's (Facebook Metaverse) Oculus series. Apple, on the other hand, has never acknowledged or denied that it is working on its own metaverse.

An article purportedly connected to Apple VR development indicates the tech titan's ambitions to join the virtual and augmented reality field. However, instead of the predicted Apple Glasses, the story alludes to an altogether new gadget rumoured to be dubbed "Reality Pro."

Previously, officials allegedly blocked the design team because they considered the gadget was not yet ready for release. However, it remains to be seen whether the corporation would follow through and release the gadget.

While Apple fans have waited a long time for the release of VR/AR products, it appears that the company's entry into the field has not been supported internally. This rumour ignited the Metaverse token prices and specially Decentraland (MANA).

Decentraland Price Prediction: Daily Chart

Decentraland (MANA) is now trading at $0.504584, with a 24-hour trading volume of $203,230,213. This is a 6.80% rise in the previous 24 hours and a 7.93% increase in the last 7 days. Decentraland has a market valuation of $920,298,269 due to its circulating supply of 1.8 billion MANA.

Decentraland Price fell 37% from the swing high, eroding the gains of the previous months. The decline was just halted, and the price found support at $0.432. Prices are gradually rising, and the recovery is still ongoing. 

If the rise continues and buyers are successful in pushing the price over $0.7000, the next phase of the rally may commence. However, if MANA Price is rejected by the EMAs, bears may attempt to erase the intraday gains. The technical analysis indicates that the Decetraland Price is in the early stages of trend reversal and that more upward movement is conceivable.

The price action is making a declining pennant pattern which indicates that the prices are likely to thrust the upper inclined resistance to confirm the bull run.

Source: TradingView

Conclusion

In conclusion, the Decentraland price prediction reveals that the platform is experiencing a bullish movement and is expected to surge more in the upcoming days. The technical indicators are signalling the "BUY" market.