Ethereum Metaverse Project Sees New Rallies

It’s been just revealed that the Ethereum metaverse project will see new rallies. Check out the latest reports below.

A popular crypto trader says metaverse-focused token Decentraland (MANA) and two other altcoins are gearing up for a burst to the upside.

Pseudonymous analyst Cantering Clark said recently that MANA may be following in the footsteps of Filecoin (FIL), a peer-to-peer decentralized storage network that erupted over 62% last week.

“There are still some alts that are holding key levels that I wouldn’t write off just yet, MANA being one of them.”

Next up, the crypto strategist says he’s accumulating Hooked Protocol (HOOK).

Just in case you don’t know, this is a gamified social learning platform that aims to accelerate web3 adoption. According to Cantering Clark, HOOK could be setting up for a rally toward its recent high at around $4.

“Added more to HOOK here.

Return to the high at a minimum seems reasonable.

-New coin
-No blow off yet that normally leads to re-accumulation for new pairs.
-Technicals look good.”

Pseudonymous crypto trader Rekt Capital said recently that BTC must close the week above $23,744 to continue its upward trend.

“BTC retest is now in progress

Ultimately, a Weekly Close above this key area is what BTC needs to achieve to break this confluent area of resistance to continue moving higher.”

The analyst also said the fact that BTC needs to go a little higher to confirm its upward trend on the 200-week moving average (MA).

“BTC has performed a picture-perfect rejection at the 200-week MA

BTC needs to reclaim this MA as support to enjoy strong trend continuation.”

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $24,596. Stay tuned for more news.