Decentraland (MANAUSD) Crashes to Major Demand Level
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Market Analysis – MANAUSD Experience Severe Crash
MANAUSD has experienced a severe crash, plummeting to major demand levels. Since the market reversal in December 2024, the coin’s downward spiral has shown no signs of abating, with the market structure remaining consistently bearish.
MANAUSD Key Levels
Demand Levels: 0.27100, 0.10000
Supply Levels: 0.55010, 0.75000
Supply Levels: 0.55010, 0.75000
In December 2024, a Relative Strength Index (RSI) divergence signalled impending weakness. The RSI rose to the overbought region, revealing buyer exhaustion, while the price entered the resistance zone.
As the price formed a higher high, the RSI formed a lower high, confirming weakness. This led to an aggressive crash in price. Following the bearish market structure shift, the Smoothed Heikin Ashi candles confirmed a downward trend, with the candles turning red and dominating the daily candles. At 0.5500, a reaccumulation phase occurred, providing short-sellers with an opportunity to capitalize and push the price even lower.
Market Expectation
Market ExpectationThe price has reached the demand level of 0.27100, with no signs of halting the downward momentum. The price experienced a brief pause just shy of the demand level, as evident on the 4-hour chart. There is a high likelihood of the price dipping further to the psychological level of 0.10000, as the bearish MANAUSD structure remains intact.
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