Metaverse tokens have been rallying recently as interest surged following Facebook’s move into the metaverse.
MANA, the native token of the Decentraland platform, has been one of the strongest performers. The token hit a fresh all-time high of $4.11 over the weekend before pulling back slightly; it is now trading near the $3.50 area.
At the time of writing, MANA is up roughly 10% versus the US dollar. If buying momentum continues, it could make another run at its previous peak above $4 in the coming hours or days. The recent boost for MANA and other metaverse tokens coincided with Facebook’s announcement that it rebranded to Meta and signaled a strategic shift toward building metaverse products.
The arrival of a major technology company into the metaverse narrative lent credibility and fresh attention to crypto projects already operating in this space. As a result, Decentraland’s MANA and metaverse-focused tokens such as SAND have pushed to new highs in recent sessions.
Key levels to watch
The MANA/USD 4-hour chart currently shows a bullish posture following the recent price surge. The MACD line sits firmly in bullish territory, and the 14-period RSI near 64 suggests strength without being overextended.
At this moment MANA trades around $3.24 per token and could continue higher if the prevailing momentum holds.
What to look for next
Near-term upside targets include a break above the $3.70 resistance. To sustain a move higher, MANA should stay above the $3.20 pivot level; holding this support would increase the likelihood of challenging the next major resistance near $4.00, especially if the broader crypto market extends its rally.
On the downside, a shift in market sentiment could push MANA below $3.00 in the short term. However, barring a significant sell-off, the token is likely to find support around the $2.70 level.