Decentraland Forecast

The Decentraland price has formed a trend line during the current downtrend, which has led to falling prices. This trend line is already up and running at the end of 2021 and was tested for the fourth time yesterday. Today is rather bearish, which makes us doubt that the price will break the trendline in a bullish manner. Instead, we assume that the price will fall again. Because of this, we are assuming that prices will fall somewhat for the time being.

Should the Decentraland rate drop from now on, which we expect, we would expect rates of at least $2.50. That is where the first sub-support is where Decentraland price could find buyers. If the price breaks this support, we will anticipate the price to drop to $2.21. There is slightly stronger support there than the $2.50 support. Because of this, we also assume that the price will not fall below $2.50.

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