Metaverse tokens facing a downturn.
The MANA prices are down by 13% in the past 7 days.
Trading volume fell by 40% in a day.
Decentraland (MANA), with other metaverse tokens is encountering a bearish trend in token prices. The GameFi markets bleed out as new players join the race and provide the users with value addition. For the same reason the investors in Decentraland are under panic and are opting for sell-offs.
After a failed support near $0.70, the MANA prices hold at $0.64 at press time. The volume shows retrieving investors and selling pressure to prevail. Recently, Decentraland has hosted events like a fashion show for an exclusive collaboration collection with celebrity stylist, Maeve Reilly. It also highlighted its platform to celebrate Valentine’s day using virtual spaces. The events seem to not be enough to lift the token prices but are holding the prices at the current support level.
The pictorial
Source: MANA/USDT by TradingView
The MANA prices have formed a bullish f
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