MANA Decentraland Price Prediction

If you haven`t sold the huge Head and Shoulders Bearish chart pattern:

Then you should know that Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum:
The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable.
Token and stablecoin holders might panic and start liquidating their holdings.

In this context, price target for MANA Decentraland is $0.62.

Looking forward to read your opinion about it.

Trade chiuso: obiettivo raggiunto:

MANA Decentraland trading at $0.39. Target reached.