MANA Price Analysis: Decentraland (MANA) Awaits Breakout Of Channel, Will Bulls Push It Past $1.00?

• MANA price has risen over 15% the last week
• MANA Price has been held up by the 100MA
• MANA has formed an ascending channel

MANA Eyeing $1?

Decentraland (MANA) has been underperforming the market over the last month. Although prices have successfully risen nearly 100%, ETH has been outperforming MANA since the bottom hit on July 20th. Decentraland defines itself as a virtual reality platform powered by the Ether blockchain that allows users to create, experience, and monetize content and applications . This use case has been gaining a lot of traction over the last month as NFTs have exploded in value & interest. Soon MANA should catch up with the rest of the market & move higher.