Decentraland (MANA) has been relatively less volatile compared to the crypto market. So far Monday, the crypto has dropped 1.62% to $0.671207378.
InvestorsObserver gives Decentraland a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.
The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day.
MANA’s low volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively narrow price swings and is well protected from price manipulation.
Decentraland price is favorably positioned going forward. With support around $0.635061416087717 and resistance near $0.706434401927561. This leaves Decentraland with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
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