Decentraland (MANA) Price Aims 1x Jump Soon
Decentraland price amid the bull rally in Q1 surged more than 1000% yet was able to hit the highs around $1.62. Further, following a plunge, the asset maintained a narrow trend for nearly 4-5 months before piercing through the resistance. After smashing new highs around $5.03, entered correction phase and consolidated around $3.55 levels.
Currently, the price from the past couple of hours is attempting to break the resistance at $3.59, yet is facing rejection. As an outcome of multiple rejections, the price may drop further towards $3 and eventually rise above the levels. The surge may uplift the price towards its ATH around $5 initially and further may have an 80% jump towards the $7 target.
Terra(LUNA) Price May Drop Very Soon
Terra price since the August flip is surging high, trending within an uptrend channel. Amid the uptrend, the price is currently testing the strong support levels around $48. The asset could range high to hit the peak of the channel. However, LUNA prices may eventually fall into bearish divergence very soon. Therefore, it would be pretty interesting to witness whether the asset losses its grip over the bull run now or after hitting the peak.
As mentioned in the chart, the asset is trending within a rising channel. And hence trending within the resistance and support levels may continue until the price reaches new highs. At present, the asset may hit the immediate targets above $60 and undergo a correction. However, the Terra price may still range high to reach the targets at $75.
Collectively, Decentraland(MANA) price and Terra(LUNA) price may clinch a new high amid the current bullish trend. However, both are testing crucial support levels at the press time and a strong rebound may initiate a substantial uptrend.