The post Decentraland joins GameFi rebound – MANA’s move to $0.20 depends on… appeared on BitcoinEthereumNews.com.

Decentraland [MANA] made strong gains on Saturday, the 17th of January. Over the past ten days, the local resistance zone at $0.15 had been contested, but bulls made a clean breakout past this level on Saturday. The GameFi sector made strong gains in recent days, with Axie Infinity [AXS] leading the charge. This momentum has stalled over the past 48 hours, but it could rekindle later this week. The Bitcoin [BTC] pullback in recent hours of trading has dragged MANA prices lower. The move triggered $864 million in liquidations across the market within the past 24 hours. If it were solely a liquidity hunt, the chances of a recovery would be better. This could set up MANA and select altcoins up for a good bounce. Assessing the strength of Decentraland bulls Coinalyze data showed that the Open Interest, which had increased by nearly 50% over the weekend, had suffered a 10% drop in the past few hours. Source: Santiment The Dormant Circulation saw a sizeable spike on Sunday, the 18th of January. It was accompanied by a rapid price drop. Generally, increased Dormant Circulation implies older coins were being moved onchain for selling. Additionally, the 30-day MVRV, which had reached 10.3% on the 13th of January, was at -4.7% at the time of writing. This suggested short-term holders were, on average, facing losses once again. The Mean Coin Age has also fallen over the past week. The lack of accumulation, flurry of dormant token movement, and short-term holders taking profits were indicative of a lack of long-term market conviction. Source: CryptoQuant The Spot Volume Bubble Map indicated that the market wasn’t overheated. Previously, the end of 2024 and the 2021 cycle top had marked overheated conditions, which led to a long-term downtrend. The Exchange Netflow metric showed sizeable MANA outflows…

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Filed under: News - @ January 19, 2026 5:33 am