Market Overview for Decentraland (MANATRY): 24-Hour Technical Summary

• MANATRY opened at $11.60 and surged to a 24-hour high of $11.95, closing near $11.77 with strong upward momentum.
• Price action showed bullish engulfing and higher highs on increasing volume, suggesting short-term strength.
• Volatility expanded mid-session, with volume surging during the $11.80–$11.95 range, confirming bullish conviction.
• RSI crossed into overbought territory near 75, hinting at potential short-term pullback risks.
• Bollinger Bands widened significantly after 20:00 ET, indicating increased market participation and directionality.

Decentraland (MANATRY) opened at $11.60 on 2025-08-26 12:00 ET and traded as high as $11.95 before closing at $11.77 on 2025-08-27 12:00 ET, with a low of $11.60. Total volume reached 145,220.2 units, and notional turnover stood at $1,726,560.00 over the 24-hour period.

Structure & Formations

Price advanced from a key support around $11.60, forming multiple bullish patterns including a 19:45 ET engulfing candle and a 20:15 ET bullish continuation pattern. Resistance levels at $11.90 and $11.95 were tested but held firm for most of the session before a pullback late in the day.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the late hours of the session, signaling short-term bullish momentum. On the daily timeframe, the 50-period MA continues to rise, suggesting the asset remains above key medium-term support.

MACD & RSI

The MACD turned positive in the afternoon, reinforcing the upward bias. RSI reached overbought levels near 75 by late evening, indicating possible exhaustion in the rally and a potential for a near-term consolidation phase.

Bollinger Bands

Volatility increased significantly after 20:00 ET as the Bollinger Bands widened. Price traded near the upper band during the rally, suggesting strong buying pressure but also a possible test of the upper boundary for reversal signals.

Volume & Turnover

Volume surged during the $11.80–$11.95 rally, confirming the strength of the move. Turnover was particularly high between 20:00 and 21:00 ET, with over $1.1 million transacted in that window alone. No significant divergence between price and turnover was observed, supporting the bullish narrative.

Fibonacci Retracements

Recent 15-minute swings showed price retracing to the 38.2% and 61.8% levels before resuming the upward move. On the daily chart, MANATRY remains above the 61.8% retracement level of the last major decline, reinforcing structural support.

Decentraland appears to have secured short-term bullish momentum, with strong volume and price action confirming the rally. While overbought conditions suggest caution, a continuation above $11.75 could see a test of $11.90 resistance. Investors should remain cautious for a potential pullback or consolidation in the next 24 hours.