Decentraland (MANA) is one of the top Metaverse tokens in the market. Its early investors have received a return on investment (ROI) that is over 4520%. This means that for each $1 initial investment, they have received over $45.20 as a gain. Irrespective of the recent decline in the past months that led to a big dip in the worth of portfolios of Cryptocurrency investors, Decentraland has gained about 7.2% in the past 7 days. This could mean that it is on a part of a bullish run. At the time of writing, MANA is trading at $1.19 and is ranked in position 35th in CoinMarketCap. Some of the data that shows that Decentraland could be on a part of a bullish run include: Decrease in its trading volume Increase in the number of indicators that give a buy signal Decrease in trading volume The direction of the volume of trade shows the trend the market might be taking soon. In the past 90 days, the trading volume of Decentraland has moved from $849 million to $375 million. This is from its statistical data between Feb 18th and May 17th. This represents a decrease in trading volume by 126.4%. This shows that Decentraland investors are holding for the long term. These fewer seller activities had also resulted in it’s decrease in trading volume by about 24% in the past day. Increase in the number of indicators that give a buy signal Prior to the recent reversal in the price of MANA in the past few days, most of the indicators show a sell ...
