Decentraland’s MANA Reaches Two-Month High on Bullish Momentum

Decentraland’s metaverse token MANA has surged over 10% in the past 24 hours, reaching a two-month high of $0.31. Technical indicators such as an on-balance volume (OBV) reading of 9.47 billion—its highest since December 2024—and trading above its 20-day exponential moving average (EMA) at $0.26 have reinforced the bullish outlook. The rising OBV indicates strong buying pressure which supports the recent price surge. Additionally, MANA’s position above an ascending trendline, characterized by a series of higher lows, signifies sustained buyer momentum. This technical formation suggests that if the bullish trend continues, the token could break above $0.34 and potentially climb toward $0.44. However, there is also a risk of profit-taking, which could lead to a temporary pullback to around $0.19. Overall, the news highlights renewed investor interest and robust technical support for MANA, bolstering its near-term price growth prospects.