MANA Targets the $3.50 Psychological Level Following Recent Rally

MANA has been rallying over the past 24 hours despite some of the leading cryptocurrencies currently trading in the red zone.

MANA Up by Over 27%

MANA, the native token of the Decentraland ecosystem, is one of the top performers in the market at the moment. The coin’s price is up by more than 27% over the past 24 hours and could rally higher over the next 24 hours.

Decentraland is a decentralized VR (virtual reality) world built on top of the Ethereum blockchain. It is one of the first metaverse projects in the crypto space and allows users to purchase land, build it, monetize it and carry out other amazing activities on the platform.

Decentraland is a unique project because it is decentralized and gives users complete ownership, and promotes transparency. MANA is one of the biggest winners following Facebook’s rebranding to Meta late last month. Its price rallied to a new all-time high above $4.10 two weeks but slightly retraced afterward.

MANA is now recovering and could target its all-time high level again if the upward movement continues.

MANA Could Reach $3.5 Soon

MANA has been rallying over the past 24 hours and could surge higher in the coming hours. At press time, MANA is trading at $3.2 per coin, up by 27% over the past 24 hours. If it maintains its current momentum, then it could touch the $3.5 psychological level over the coming hours or during the weekend.

A rally past the $3.5 level would make it possible for MANA to target its all-time high price of $4.1 over the next few days. An extended bullish performance would make it possible for MANA to touch a new all-time high above $4.5.

The metaverse is gaining attention and would likely gain more investments over the coming months and years. As a result, MANA’s long-term outlook is positive as the industry continues to evolve.