Decentraland Mana (MANA/USD) fell by over 20% on Saturday after a huge market sell-off was observed. Mana had attracted the attention of many investors due to its jüngsten rally. Investors who missed the rally were looking for opportunities to get into mana. After a Stück land was sold on Mana for almost 1 million USD, many people began to realize the potential of the Metaverse coin. Mana has been experiencing tremendous demand lately as over $100 million was sold to Metaverse land last week.
Mana has fallen by over 40% against its highest level last month. Investors are now trying to buy mana in the hope of another rally soon. Mana is now traded in a critical zone that could be a make or break zone. Now the question arises: should you buy the dip from mana?
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Mana has dropped a lot in the last few days and is now about 40% below its all-time high.
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The Rückgang could be a Rütracking of the price after the jüngst increase in the Mana price. Therefore, it might be a good time for investors to buy mana.
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Mana has a strong support level at $3.09, which has collapsed since today. However, Käbanks took the opportunity to buy mana at a reduced price and returned the price to the support.
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Mana also appears to be receiving support from the 50-day moving average, which could be a bullish indication.
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Investors should be cautious and should only enter when there is a clear reversal, as mana could still fall below the support level.
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If a reversal is seen, Mana could reach some big goals like $4.3, $5.3, and even a new all-time high in the coming months. Nevertheless, investors should set a stop loss below the zone.
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