MANA Price Prediction for December 2021

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By Crypto Vibe

The past few days have not been so fortunate for MANA holders. The price of MANA witnessed a downswing a couple of days back owing to a few factors with the new COVID variant coming as a major highlight. At this point, Decentraland price is looking for a retest in a crucial reversal zone. While this may be true, those MANA buyers who are currently side-lined can make good use of the opportunity and start accumulating ahead of the much-awaited new upswing. Just two days ago, the situation was quite hopeless with a number of factors intervening. However, from the looks of it, we may soon find the price retesting and allowing air for bullish thesis. Let’s have a look at the MANA price prediction as of 29 November 2021.

The Downswing Following Thursday

Decentraland (MANA) has witnessed a crucial time since Thursday when it printed its all-time high above the $6 level. The price of MANA witnessed a downswing owing to the rising tension of new COVID variant Omicron.

MANA price prediction

This is not specific to MANA only. The impact of the issue trickled down from larger cryptocurrencies including the bigger brother of MANA, Ethereum. The rattling markets caused cryptocurrencies like MANA to tumble in the market and go down indefinitely.

While this may be valid, the condition of the market seems to be shifting for better. With MANA price teetering around the $4.32 level for quite some time, it rallied about 10% rising to $5.23.

MANA Price Prediction

All the investors are closely looking for a retest that will cause MANA price to rise allowing a bullish thesis to fit itself into the equation. However, investors can expect MANA price to go lower and penetrate through the midpoint at $4.32 putting it closer to a reversal zone from $3.40 to $3.94. With side-lined buyers accumulating on the Metaverse bandwagon, MANA will face the a hurdle at $4.32 followed by the range high at $5.9. Once MANA clears it, the door for new highs will be open. Market experts predict MANA to retest at 161.8% Fibonacci extension level at $7.53.

Please note that our MANA price prediction is based on the expert analysis of the crypto charts. We do not offer any financial advice. You can discuss the trading options with your crypto financial consultant.