您现在的位置是:Significant downside risk could push Decentraland >>正文
Significant downside risk could push Decentraland
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛955人已围观
简介Decentraland (MANA)has continued to push lower over the last few days. The coin has in fact been und...
Decentraland (MANA)has continued to push lower over the last few days. The coin has in fact been under pressure for all of April. Sadly, it doesn’t seem like things will improve soon as MANA sells off. Here is what you need to know:
Despite consistently dropping for the last month, a trend reversal for MANA is unlikely for now.
The coin may bottom at $1 in the near term before its next bull run
MANA has closed in the red for 5 straight trading sessions.
Data Source: Tradingview
Decentraland (MANA) – price prediction
April has been one of the most difficult months for MANA. The coin has largely been on a downtrend for the whole month, and while there were some signs the sell-off could ease, so far, the price action has failed to rally. But the worse is not even over yet.
In fact, we do not expect any reversal of this downtrend anytime soon. As a result, MANA will continue to fall in the near term and could bottom at $1 before its next bull run. This will be a loss of nearly 50% from its current price.
Besides, MANA’s fall did not start in April. The coin had in fact peaked in February and was trading at around $3.55. This was the best price in 2022. However, MANA has lost over 50% from those highs, with more losses expected to come in the coming weeks.
Will MANA rise again?
Yes, MANA will rise again. The metaverse coin still has a lot of upside in the longer term. However, current sentiment in the market remains very unpredictable.
We are likely to see a sustained period of volatility and selling pressure before the price action finally stabilizes. Despite all this, we still think that MANA will deliver incredible returns this year, even though it will struggle to hit the success of 2021.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/242725.html
相关文章
Watch $0.2 support as Fantom retraces amid consolidation
Significant downside risk could push DecentralandFantom has dipped 4.71% in the past day and 23.51% in the past weekThe token is currently retracing...
阅读更多
Best places to buy Dogecoin, the top dog
Significant downside risk could push DecentralandDogecoin is trending after Elon Musk commented publicly he would not sell any of his holdings. The t...
阅读更多
US Senate to vote on a bill about El Salvador's Bitcoin Law
Significant downside risk could push DecentralandEl Salvador president Nayib Bukele on Wednesday expressed disappointment at the US government for wh...
阅读更多
热门文章
- Binance Announces $5M BUIDLReward Program
- Single whale sends Polymath price skyrocketing: here’s where to buy polymath coin
- Philippines SEC Warns Public About Mining City Ponzi Scheme
- Germany allows institutions to invest in cryptos
- China Concerned For Data Security In Blockchain Hospital
- Canadian pension fund CDPQ writes off $150 million investment in Celsius