• Wed. Dec 6th, 2023

Price Analysis of Decentraland (MANA), Tezos (XTZ), and Enjin Coin (ENJ)

Feb 18, 2022

The price of Decentraland has reportedly moved down by 0.53% in the past 24-hours. After the dip, the price of Decentraland has moved down to $3.28 per MANA. The 24h trading volume achieved by Decentraland is worth $1,135,748,373. As for the market capitalization, it is currently hovering at $5,990,509,173.

According to the performance scale of Decentraland, the investors are not much energetic about investing in favor of MANA. They may side with the downtrend sentiments, which means they would rather sell MANA than accumulate it.

Given the current circumstances, it is being expected that the investors may continue selling Decentraland on a lower scale. This would result in dragging the price of Decentraland down to the first strong support checkpoint ($3.26).

In the upcoming days, the bears may intensify their selling power to overwhelm the investors and pull Decentraland’s price down to $3.22 per MANA. As more pressure builds, the investors may start pulling out on their investments, resulting in another plummet to $3.16 per MANA.

Then it is the price of Tezos (XTZ) that has also observed a dip in the past 24-hours. The data shows that Tezos’s price has experienced a 3.59% drop in the past 24-hours. Due to the drop, the price of Tezos has sunk to $3.97 per XTZ.

As of now, the 24h trading volume being recorded for Tezos is worth $108,590,440. The market capitalization of Tezos has also moved down at the same rate, bringing its valuation down to $3,455,432,563.

At the moment, the price of XTZ is moving in the negative zone. If the situation keeps becoming direr, then more investors would continue withdrawing their investments in digital assets. As a result, the price of Tezos may end up plunging to $3.82.

Even the RSI and the oscillators for Tezos are currently displaying a negative trend, suggesting Tezos may continue moving down the slope. As a result, the price of Tezos may end up dropping to $3.69, and another push from the investors’ end would dip its price to $3.55.

Enjin Coin (ENJ) is also in the same league as others as it is experiencing a dip in its price. The price of Enjin Coin has reportedly dipped by 2.13% in the past 24-hours. Due to that, Enjin Coin’s unit price is down to $1.94 per ENJ.

As time is passing and the price of Enjin Coin is not recovering, more investors are resorting to selling it. Therefore, the price of Enjin Coin has started experiencing a dip and the situation may worsen. In the upcoming days, the low interest of investors in Enjin Coin may result in pushing its price down to $1.89 per ENJ.

If the investors intensify their selling activity, then the price of Enjin Coin may end up getting pushed down to $1.76 per ENJ.

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