Decentraland (MANA), which peaked above 5 USD in 2021, has gone through a long period of price drops but is currently showing signs of bounce back. This Token once fell to around 0.20 USD, reflecting deep sell-offs in the metaverse sector. New on-chain metrics from the Alphractal team indicate that speculative capital is returning; the Net Unrealized Profit/Loss (NUPL) has bottomed out, a condition that typically appears at the cycle bottom.
The unrealized price ( of MANA is currently around 0.67 USD, much higher than the current market price of about 0.33 USD — the level of 0.67 USD is seen as an important resistance level, and if surpassed, could trigger a stronger rally.
![])https://img-cdn.gateio.im/webp-social/moments-28cc5c529959e40b7fe321fac1c85698.webp(Weekly MANA/USDT Chart | Source: TradingViewOther indicators such as Realized Capital Impulse and Delta Growth Rate are also on the rise, indicating that new liquidity is entering the network. Although there hasn't been a clear breakout yet, the composite signals are creating a support base for MANA to potentially enter a recovery phase similar to the accumulation process from 2018-2020.
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