The price of Decentraland has been declining, but this trend is about to end soon.
MANA is about to enter the market with the 50% retracement level at $4.01.
This breakdown will knock down on the way to the buy zone, which will extend from $3.11 to $3.64.
The price of Decentraland dropped 26% between November 24 and November 26, and it is predicted that the downward trend might continue a little lower.
Consequently, stockholders can presume MANA to see a considerable upsurge in buying weight.
Decentraland price might not stay at all-time high but this trend will extend at $6.31. This will turn MANA toward the 161.8% Fibonacci extension level at $7.50.
On the other hand, if Decentraland price fails to rebound off the buy zone, extending from $3.11 to $3.64, it will designate that the merchants are in control. This move will lead to a retest of the range low at $2.46.