Price Position and Structural State
Decentraland (MANA) closed at 0.0847 USDT on May 29, 2026, up 1.07%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.081 USDT, with resistance near 0.1024 USDT. A daily close below 0.081 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
MANA is trading below all key moving averages. MA9 at 0.0859 USDT stands as the first moving-average resistance area to watch. The more notable signal is downside extension: MANA sits 6.67% below MA50, while its historical range runs from -65.12% to 327.50%. Price is now approaching the lower end of that historical range, which means the downside move is pronounced but also raises mean-reversion risk from a stretched position.
Trading Friction and Price Efficiency
MANA shows high trading friction, with a 3-day friction score of 25.4. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest increased +2.71% in one day but remains near the lower side of its 180-day range. This shows participation is improving from a low leverage base.
Funding is negative on the 24-hour average at -0.003223%, with the 7-day average also negative at -0.003761%. This shows sustained short-side cost pressure across both short and medium windows.
The long/short ratio is 1.84, showing more long accounts than short accounts. It sits near the middle of its 60-day range, so this is a long tilt without clear historical crowding.
Correlation, Beta, and Index Relationship
MANA remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that MANA moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting MANA. Over the 30-day window, the relationship is strengthening. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.875 | 1.271 | 0.765 | Strong, high beta |
| 60D | 0.789 | 1.056 | 0.622 | Strong linkage |
| 180D | 0.799 | 0.994 | 0.638 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
MANA remains in a low-volatility setup. ATR% reads 4.90, close to the bottom of its full historical range, and Bollinger Band width% reads 22.47, close to the bottom of its full historical range. 20-day Volume Z-score is -0.36, so participation is not forcing a broader move yet.
Momentum is weaker. RSI is 40.89, ROC14 is -7.73%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.
The read is simple: volatility is compressed and momentum is not strong enough yet. A better signal would need range expansion with stronger volume.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. MANA stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
Key Levels for the Next State Change
For MANA, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.1024 USDT establishes a bullish regime, while a daily close below 55-day support at 0.081 USDT confirms a bearish regime.