MANA has started a bullish elliot wave, all technicals aside, lets do some Financial Analysis + Application of the principles of Economics
It seems like an ABC downwards correction is done and MANA has already double bottomed
If BTC doesn't rekt MANA's momentum again, then we would probably 1000 sats within this week
Moreover, the auction for the land is about to be completed, a total of 155,303,842 MANA will be burned off the total supply in circulation
If supply decreases and demand stays constant, prices will definitely go up
Moreover, if demand increases and supply decreases, what does it say about the price?
Buy zone: .530-.550
Target 1: .690
Target 2: .780
Target 3: .850
Moon target: .1000
It seems like an ABC downwards correction is done and MANA has already double bottomed
If BTC doesn't rekt MANA's momentum again, then we would probably 1000 sats within this week
Moreover, the auction for the land is about to be completed, a total of 155,303,842 MANA will be burned off the total supply in circulation
If supply decreases and demand stays constant, prices will definitely go up
Moreover, if demand increases and supply decreases, what does it say about the price?
Buy zone: .530-.550
Target 1: .690
Target 2: .780
Target 3: .850
Moon target: .1000