Decentraland (MANA): Can It Break $0.40 and Target $0.60?
Decentraland's Stagnant Price: Opportunity or Warning?
Decentraland [MANA] has been trading around the $0.35 level since February 2025, failing to capitalize on the gains seen by Bitcoin, Ethereum, and other altcoins. This stagnation raises the question: Is MANA a potential buying opportunity, or is it signaling underlying weakness?
MANA experienced brief breakouts to $0.40 in mid-March and late July, but both attempts were quickly retraced. While the overall altcoin market capitalization has increased by 90% since April, fueled by Bitcoin's 51% rally and Ethereum's 206% surge, Decentraland has struggled to keep pace.
Despite the price lag, on-chain metrics suggest a possible price bottom for MANA. According to Joao Wedson, Founder and CEO of Alphractal, "Price always moves first — narratives only describe the social reaction to price action. Don’t waste time chasing narratives, accumulate before they appear!"
On-Chain Metrics Point to Potential Upside
Net Unrealized Profit/Loss (NUPL)
Data from Alphractal indicates that MANA's Net Unrealized Profit/Loss (NUPL) reached its lowest level in April, potentially marking a significant price bottom at $0.19.
Realized Price
The realized price for MANA is currently at $0.64. This metric represents the average price at which each coin was last moved on-chain. The fact that the market price is below the realized price suggests that, on average, the network is holding at a loss. Overcoming this $0.64 resistance would signal long-term bullish momentum.
Delta Growth Rate
Decentraland's Delta Growth Rate is positive and rising, indicating fresh capital entering the network. This, coupled with MANA's historical price patterns mirroring its 2018-2020 bear market, suggests a potential for renewed interest and opportunities.
Key Price Levels to Watch
Analysis of Decentraland's price charts reveals critical swing points at $0.222 and $0.404. A breakout above $0.40 would be the initial step toward a more substantial rally. Fibonacci retracement levels identify $0.60 and $0.71 as key long-term resistances that need to be overcome for a bullish trend reversal.
As with any investment, thorough research is crucial before making any decisions. Platforms like Codeum provide resources for analyzing blockchain projects and assessing their security risks.