Above, there is a bearflag that has formed over the last few months📆⏳
we are currently testing the bottom of this structure, if we break down↘, I have some targets listed above on chart📉🆗
Mana (currency of Decentraland,)💧👨🦰👧👦🏬 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) 👇👇
This is not a lot compared to other metaverse worlds like Sandbox🛕🏝🏟 with almost 40,000 users a day and Alienworlds🖖👽🛸 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.
🛑This is not financial advice🛑 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!