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Key Takeaways
Decentraland prices have stagnated around the $0.35 level for months now. It was unable to match the gains seen for BTC, ETH, or across the altcoin market-could this be why it is an appealing buying opportunity for the coming months?
Decentraland [MANA] has been in a long-term consolidation phase around the $0.35 price level since February 2025. The price saw a brief breakout to $0.4 in mid-March, but was quick to retrace the gains.
Another attempted breakout toward the end of July also failed at the same $0.4 resistance.
Since April, the altcoin market capitalization has grown from $900 billion to $1.66 trillion at the time of writing. This 90% expansion was accompanied by a 51% Bitcoin [BTC] rally and a 206% Ethereum [ETH] rally.
Therefore, Decentraland was lagging, but its on-chain metrics hinted at a strong price bottom for MANA. As Joao Wedson, Founder and CEO of Alphractal, pointed out in a post on X (formerly Twitter),
“Remember- price always moves first — narratives only describe the social reaction to price action. Don’t waste time chasing narratives, accumulate before they appear!”
Why you might want to buy MANA
Data analysis platform Alphractal broke down the Decentraland metrics on X. They explained that the Net Unrealized Profit/Loss (NUPL) was deeply negative.
It hit its lowest level in April, which likely marked a strong price bottom at $0.19.
The MANA realized price was at $0.64. Realized price shows the average price at which each coin was last moved on-chain. Market prices being below the realized price means that, on average, the entire network was holding at a loss.
This was also reflected in the NUPL. The $0.64 level would be a stubborn resistance during a recovery, but a breakout past the realized price would show long-term bullish strength.
The Decentraland Delta Growth Rate was positive and rising, showing fresh capital flow into the network. Furthermore, MANA was reflecting its 2018-2020 bear market.
It was possible that similar patterns could result in a new wave of opportunities if interest builds around the project. As always, potential investors must do their own research diligently.
Source: MANA/USDT on TradingView
Examining the higher timeframe price charts, AMBCrypto found that the $0.222 and $0.404 were key swing points for Decentraland investors.
A move past $0.4 would be the first step toward a rally.
As the Fibonacci retracement levels highlighted, the $0.6 and $0.71 were the long-term resistances that would be pivotal for a bullish trend reversal.
