Decentraland joins GameFi rebound – MANA’s move to $0.20 depends on…

ambcryptoPublicado em 2026-01-19Última atualização em 2026-01-19

Resumo

Decentraland (MANA) broke past the $0.15 resistance on January 17th, riding a GameFi rebound led by assets like Axie Infinity. However, Bitcoin’s recent pullback triggered a market-wide selloff, causing MANA to retreat. On-chain metrics suggest weak bullish conviction: a spike in dormant coin circulation and falling mean coin age indicate distribution and selling by long-term holders. While exchange outflows are a positive sign, the sharp drop in Open Interest and negative MVRV show short-term traders are taking profits. Although not overheated, MANA faces strong selling pressure. A rally toward $0.20 is possible, but traders should take profits near resistance levels like $0.17 and $0.19.

Decentraland [MANA] made strong gains on Saturday, the 17th of January.

Over the past ten days, the local resistance zone at $0.15 had been contested, but bulls made a clean breakout past this level on Saturday.

The GameFi sector made strong gains in recent days, with Axie Infinity [AXS] leading the charge. This momentum has stalled over the past 48 hours, but it could rekindle later this week.

The Bitcoin [BTC] pullback in recent hours of trading has dragged MANA prices lower. The move triggered $864 million in liquidations across the market within the past 24 hours.

If it were solely a liquidity hunt, the chances of a recovery would be better. This could set up MANA and select altcoins up for a good bounce.

Assessing the strength of Decentraland bulls

Coinalyze data showed that the Open Interest, which had increased by nearly 50% over the weekend, had suffered a 10% drop in the past few hours.

The Dormant Circulation saw a sizeable spike on Sunday, the 18th of January. It was accompanied by a rapid price drop. Generally, increased Dormant Circulation implies older coins were being moved onchain for selling.

Additionally, the 30-day MVRV, which had reached 10.3% on the 13th of January, was at -4.7% at the time of writing. This suggested short-term holders were, on average, facing losses once again.

The Mean Coin Age has also fallen over the past week. The lack of accumulation, flurry of dormant token movement, and short-term holders taking profits were indicative of a lack of long-term market conviction.

The Spot Volume Bubble Map indicated that the market wasn’t overheated. Previously, the end of 2024 and the 2021 cycle top had marked overheated conditions, which led to a long-term downtrend.

The Exchange Netflow metric showed sizeable MANA outflows in the past two days. It was a slightly encouraging sign, but investors would want to see sustained outflows in the coming weeks.

Overall, Decentraland onchain metrics showed that the threat from profit-taking was considerable.

A rally toward $0.20 and $0.25 were possible, but traders and investors should keep their expectations reasonable.

Traders, especially, should be focused on taking profits when the altcoin challenges nearby resistance zones, such as $0.17 and $0.19.

Final Thoughts

The spike in dormant circulation the previous day, combined with the falling mean coin age over the past week, indicated MANA distribution.
MANA was not overheated, showed the spot volume map, and there was space for further gains, but bullish market conviction was lacking.

Perguntas relacionadas

QWhat was the key resistance level that Decentraland (MANA) broke through on Saturday, January 17th?

AThe key resistance level that MANA broke through was $0.15.

QWhich GameFi project was highlighted as leading the sector's recent strong gains?

AAxie Infinity (AXS) was highlighted as leading the GameFi sector's recent strong gains.

QWhat on-chain metric saw a sizeable spike on January 18th, indicating older coins were likely being sold?

AThe Dormant Circulation metric saw a sizeable spike, indicating older coins were being moved on-chain for selling.

QAccording to the article, what is the significance of the Exchange Netflow metric showing outflows for MANA?

AIt is a slightly encouraging sign, as outflows can suggest investors are moving tokens off exchanges, potentially for holding, but sustained outflows are needed for greater confidence.

QWhat two price levels does the article suggest traders should focus on for taking profits?

AThe article suggests traders should focus on taking profits at the nearby resistance zones of $0.17 and $0.19.

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Bem-vindo à HTX.com!Tornámos a compra de Decentraland (MANA) simples e conveniente.Segue o nosso guia passo a passo para iniciar a tua jornada no mundo das criptos.Passo 1: cria a tua conta HTXUtiliza o teu e-mail ou número de telefone para te inscreveres numa conta gratuita na HTX.Desfruta de um processo de inscrição sem complicações e desbloqueia todas as funcionalidades.Obter a minha contaPasso 2: vai para Comprar Cripto e escolhe o teu método de pagamentoCartão de crédito/débito: usa o teu visa ou mastercard para comprar Decentraland (MANA) instantaneamente.Saldo: usa os fundos da tua conta HTX para transacionar sem problemas.Terceiros: adicionamos métodos de pagamento populares, como Google Pay e Apple Pay, para aumentar a conveniência.P2P: transaciona diretamente com outros utilizadores na HTX.Mercado de balcão (OTC): oferecemos serviços personalizados e taxas de câmbio competitivas para os traders.Passo 3: armazena teu Decentraland (MANA)Depois de comprar o teu Decentraland (MANA), armazena-o na tua conta HTX.Alternativamente, podes enviá-lo para outro lugar através de transferência blockchain ou usá-lo para transacionar outras criptomoedas.Passo 4: transaciona Decentraland (MANA)Transaciona facilmente Decentraland (MANA) no mercado à vista da HTX.Acede simplesmente à tua conta, seleciona o teu par de trading, executa as tuas transações e monitoriza em tempo real.Oferecemos uma experiência de fácil utilização tanto para principiantes como para traders experientes.

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