Decentraland (MANA) Holds Strong at $0.35: Is a Breakout Finally Coming?

MANA Price Holds at $0.35: Is a Breakout to $0.60 Coming?

Decentraland’s native token MANA has been stuck in a consolidation range around $0.35 since February 2025, despite the broader market showing impressive strength. Multiple breakout attempts have failed at the key $0.40 resistance, including the most recent one in late July.

MANA Lags Behind Broader Market Gains

While MANA remains range-bound, the overall altcoin market has surged. Since April, the total altcoin market cap has jumped from $900 billion to $1.66 trillion, driven by a 51% rally in Bitcoin (BTC) and a 206% surge in Ethereum (ETH).

This suggests that MANA is underperforming, but on-chain data signals potential upside. According to Joao Wedson, CEO of Alphractal:

“Remember — price always moves first. Narratives only describe the social reaction to price action. Don’t waste time chasing narratives, accumulate before they appear.”

Browse Posts

Whale Activity Signals Shifts in Small-Cap Altcoins

XRP Price Set for 20% Breakout: Will $2.28 Resistance Hold?

Dogecoin Price Update: ETF Growth and Institutional Interest Drive Key Technical Levels

Hedera Rally Accelerates as Institutional Buying Lifts Bitcoin

On-Chain Metrics Signal a Price Bottom

Alphractal’s recent analysis highlighted that MANA’s Net Unrealized Profit/Loss (NUPL) was deeply negative, hitting its lowest point in April, when the price dipped to $0.19 — potentially marking a cycle bottom.

The realized price for MANA currently sits at $0.64, meaning most holders are in unrealized losses. A break above this level would signal long-term bullish intent. Until then, $0.64 remains a critical resistance to watch during any recovery.

Another bullish signal is Decentraland’s Delta Growth Rate, which has turned positive — a sign of new capital entering the ecosystem.

Price Levels to Watch for a Trend Reversal

Higher timeframe analysis by AMBCrypto identifies $0.222 and $0.404 as key swing points. A daily close above $0.40could set the stage for further gains, with Fibonacci targets at $0.60 and $0.71 marking major resistance zones.

Historical behavior suggests that MANA is mirroring its 2018–2020 bear market phase, which eventually led to a sharp rally. Whether that pattern repeats will depend on investor interest and broader market sentiment.