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Decentraland (MANA) & Chiliz (CHZ) Price Tremble Nearly 10%, What’s Awaited Next?



While the price kept on surging intensively in the last couple of days in October, a few NFT tokens are consolidating heavily. Decentraland(MANA) price showcases an extraordinary movement in the current week. On the other hand, Chiliz(CHZ) price appears to follow MANA with a huge spike, woefully consolidated further.


MANA price amazed the entire crypto space with a gigantic surge of nearly 45% and reached an inch close to $5. Quickly the price fell into bearish divergence and hit the support levels just above $2.5. No doubt, the price retraced significantly, yet is unable to slice through the descending triangle.  

Source: Tradingview

The Doji candle formed no doubt signifies the tough fight between buyers and sellers, but the trading volume is much lower than expected. And hence a notable influx of liquidity may only help the price to breach through the pattern to hit $3.8 initially. However, $5 would still remain the target for the next week. 

Chiliz price had debuted the crypto space with fire. The price surged like a giant and within no time the price ripped apart. And ever since then the asset was waiting for an opportunity to regain bullish momentum in order to propel high. However, the price dumped further to more or less at the same levels. Despite an uplift, yet the price remained within the narrow trend.

chz price
Source: Tradingview

CHZ price had a long jump since the last couple of days in October with a continuation during the current trading month. No doubt the price rebounded, yet again got rejected at it touched the upper resistance level. However, the price is expected to consolidate for another couple of days before deciding the next leg. 

Collectively, while the entire crypto space is on the verge to range high close to their immediate resistance levels. Yet Decentraland (MANA) price and Chiliz (CHZ) price is currently depleting with significant numbers. No doubt both the assets are currently shedding their gains, yet they could flip from bearish divergence very soon. 

The Blogger Scientist is a "Medical Physiologist" and a "Financial Asset" Content Creator who aims at enlightening web reader on varying Financial Assets such as Stocks, FX, Crypto, MLM,. HYIP among others.


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