Decentraland (MANA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has lost 6.73% to $0.6287443298.
The Volatility Gauge takes into account this means that the rank represents its recent trends and isn’t overly influenced by a sudden spike – or two – in volatility.
MANA’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Decentraland price is trading near resistance. With support near $0.607797898126354 and resistance set at $0.632740534616222. This positions Decentraland with potential selling pressures ahead as it may be getting over extended.