Decentraland (MANA) - Poised For A Breakout?

28 янв. 2021 г.

The 1-Hour Chart gives a pretty good reading on the recently volatile MANA / USD chart.

It may come down to re-test one more time--depending on what Ethereum decides to do.

"Don't you mean, 'depending on what Bitcoin decides to do??'..."

Well, yeah, but BTC's in a bull-run, if you haven't noticed (it's recent "decline" includes increasingly lower volume at each low = seller's almost tapped out).

So, if BTC's an inevitability, and if ETH has been trending up towards breaking out against its ATH, then MANA could be a pretty good play at its current prices.

Sure, there's some "resistance" at $0.17-0.18 for MANA, but remember:

• MANA (oddly, right?) is one of the coins that Grayscale added to its trusts for public purchase. Maybe Grayscale wants to get a piece of the Gaming pie, and Decentraland has certainly put in the effort to establish itself into the blockchain-gaming niche.
  
• This is the sole reason for its recent surge a few days ago.
  
• And once BTC and ETH start their inevitable march (aka "launch") back up, coins like MANA are sure (not financial advice) to follow.
  

noteworthy:
The 6 coins added to Grayscale's trusts incl....

• LINK (duh)
  
• BAT (sure, ok)
  
• FIL (yep, nice--although this one was added a while back)
  
• XTZ (large community of stakers)
  
• LPT (Livepeer? Uhh...alright, whatever)
  
• and...you guessed it, MANA

Let's do this.

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