GameFi veteran of the last bull cycle
🚗 Decentraland — de facto a virtual world on the blockchain, where people own, build, and monetize digital real estate.
Someone might immediately recall Sandbox with their token $SAND. Yes, competitors.
In fact, 'Decentraland' was founded as one of the first metaverse worlds back in 2017. It was founded by Ari Meilich and Esteban Ordano. Starting as a small startup, they accepted collaboration with Samsung, Adidas, and grew a team of a dozen people, driving the token's market capitalization on the Ethereum network to nearly one billion dollars.
And now about the price and the chart — $MANA is in the accumulation zone, where a technical analysis figure 'ascending triangle' is forming.
If you haven't forgotten, this structure often signals a continuation of the upward movement.
And above the current levels is a range where a lack of liquidity was previously observed. These are additional conditions for rapid growth upon breakout.
For complete confidence in the profitability of the deal, it is recommended to enter only after a retest and a breakout of the resistance level — $0.5831
And for those who have free liquidity and the ability to stay in the trade longer than others, you can enter now.
Where will we take profits?
— First target: $0.7950 — the nearest resistance level.
— Main target: $1.7862 (224.69% growth potential) — a zone where FVG formation and liquidity saturation are expected.
The MACD indicator confirms the reversal formation, which strengthens the likelihood of a continuation of the upward trend.
From the first post of the day, we learned that the alt season is on the horizon, isn't that a reason to start acting?
I remind you that I do not give any financial advice and only demonstrate my current trades.
