Decentraland MANA showed good growth, but may be a correction
For more than a year, the value of game tokens has shown perhaps the most painful fall.
But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase.
At the time of writing, the value of MANAUSDT has increased by +166% in 17 days.
In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile.
Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time.
Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead.
If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?"
Please write your answers in the comments below the idea
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But with the chiming of the chimes on New Year's Eve, MANA buyers started aggressive purchases, which caused a huge price increase.
At the time of writing, the value of MANAUSDT has increased by +166% in 17 days.
In parallel, the value of other popular tokens from the gaming industry is also growing aggressively: GALA, SAND, even AXS and SLP (the value of which began to fall even before it became "mainstream" in the crypto market) For most of these coins, we made ideas, if you are interested, then search in our profile.
Now the MANAUSD price has entered a strong liquidity zone of $0.70-0.80, which, in our opinion, will not be possible to break up the first time.
Therefore, it is worth taking into account the possibility of fixing profits at least on part of long positions, because a rather strong correction to the region of $0.42-0.48 may occur ahead.
If the possible price movement is sorted out, then the next question remains a mystery: "What could have revived interest in game tokens so much?"
Please write your answers in the comments below the idea
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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