“It’s hard not to be bullish about MANA, says analyst

• The token is experiencing double-digit gains, as the market prepares for a major move within the metaverse sector.
• MANA price is up 34% on the day and over 260% up in the past two weeks

Decentraland is an Ethereum-powered virtual reality network that’s gaining popularity due to increased interest in the metaverse. MANA has soared more than 34% on the day even as major cryptocurrencies like Bitcoin and Ethereum see fresh declines.

MANA has soared more than 260% in the past two weeks and nearly 350% over the past 30 days. With such growth, the token is likely to witness profit booking and pare some of the weekly gains that have pushed it near $3.45.

Despite this prospect, one crypto analyst says there’s potential for MANA to rip nearly 300% again to record new all-time highs.

“It is hard to not be bullish about $MANA ,” Ali Martinez tweeted Friday.

The analyst has MANA Price Action tagging a bullflag pattern with two potential targets in the event of an upward breakout. The analyst suggests that investors should be patient when dealing with cryptocurrency.

“ With all the metaverse talk about #Facebook and #Microsoft to name a few; #Decentraland holds a lot of upside potential. It’s all about patience. #4 and $34 are two targets that #MANA brings up. 85 and $15.”

https://twitter.com/ali_charts/status/1459090206104211457

The token trades at $3. 33 according to data on CoinGecko, with further upsides possible if bulls break above $3. 50 and $4.00. If buyers have more than $3, the token will remain positive. 00, although a breakdown could include a retest of $2. 75 and $2.50.

Decentraland saw an increase in investor interest following a Facebook announcement about the Metaverse sector. It also follows last month’s successful Metaverse Festival