Decentraland (MANA) Price Forecast: Can It Break Above $0.28?

Decentraland (MANA) is flashing early signs of a bullish breakout after months of downward pressure. Over the weekend, the token broke above a descending trendline that had capped price action since mid-February. A successful retest on Sunday confirmed the breakout, followed by a 3% gain on Monday.

As of Tuesday, MANA is facing resistance at the 50-day Exponential Moving Average (EMA) near $0.27. According to the latest Decentraland price prediction, a decisive close above this level, along with the $0.28 weekly resistance, could trigger a stronger rally.

Key Levels to Watch

If MANA manages to close above $0.28, it could move toward the 50% Fibonacci retracement level at $0.32. This level is based on the January 31 high of $0.46 and the April 7 low of $0.19 — making it a significant midpoint for bulls to target.

Indicators Signal Bullish Momentum

Technical indicators are in favor of a potential uptrend. The Relative Strength Index (RSI) currently reads 55, suggesting moderate bullish momentum. Meanwhile, the MACD indicator recently showed a bullish crossover, and the rising histogram above the zero line supports the case for upward movement.

Also Read: AMP Price Prediction 2025, 2026 – 2030

Whale Activity Supports Accumulation

On-chain data from Santiment reveals interesting whale behavior. Wallets holding between 100,000 and 1 million MANA slightly reduced their holdings from 123.69 million to 123.02 million tokens. In contrast, wallets with larger holdings (1 million to 100 million MANA) increased significantly, suggesting confidence in MANA’s long-term potential.

Community and Chart Patterns Remain Bullish

Several traders have identified breakout patterns like a descending triangle and a falling wedge. These suggest potential price targets of $0.81, $1.66, and even $4.85 if bullish momentum continues. Some community voices have also highlighted MANA as a “top metaverse gem,” calling the current price zone a good buying opportunity.

A close above $0.28 could confirm the bullish outlook and attract more buyers in the coming days.