Decentraland Forecast – Will $0.50 be a reality?

The Decentraland price has had a weekly closing price below the $1 mark in the past week (calendar week 23), which is why we assume that the price will fall sharply in the future. Meanwhile, what is likely happening right now, Decentraland price might confirm former $1 support as resistance by rallying to $1. After that, however, things could go downhill again. We expect the price to drop to the next support. This is around $0.50, which is why a further price loss of around 50% is conceivable.

It is also important to look at whether the Decentraland price will perform better or worse against Bitcoin . The probably negative course future of the Decentraland course does not immediately mean that the BItcoin course will perform better. In the last few days, Bitcoin has performed significantly worse than various altcoins.

If we look at the MANA/BTC pair, we can see that the price has arrived at the golden pocket of the last upward movement. Thus, the Decentraland course could soon continue the upward trend in the MANA/BTC pair. However, one should also note that a trend reversal could occur at any time. Should this happen, we would assume that the Bitcoin price will outperform the MANA price.

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