Above, there is a bearflag that has formed over the last few months๐โณ
we are currently testing the bottom of this structure, if we break downโ, I have some targets listed above on chart๐๐
Mana (currency of Decentraland,)๐ง๐จโ๐ฆฐ๐ง๐ฆ๐ฌ is a token that is used to buy and sell virtual land in this metaverse much like Sandbox.
Decentraland current marketcap rank is #54, with 734million dollar valuation and only about 8,000 DAU (daily active users) ๐๐
This is not a lot compared to other metaverse worlds like Sandbox๐๐๐ with almost 40,000 users a day and Alienworlds๐๐ฝ๐ธ well into the millions of registered users...
This has concerned some holders and users as of recent, and we are looking for more traction around this metaverse to manifest.
As for now, the fear in the market being high and prices at record lows, we can expect to see further decrease in price before a recovery.
3HR view โโญ
Weekly view ๐๐
Related articleโฉ futurism.com/the-byt...-report-active-users
๐This is not financial advice๐ Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Jazerbay โฏ
Thank you so much!