Can Decentraland Rise from The Multi Month Lows?

Can Decentraland Rise from The Multi Month Lows?
Decentraland serves as a creative platform for artists, entrepreneurs, and entertainment seekers, offering a novel canvas for expression, commercial ventures, and amusement.

Moreover, The virtual expanse of Decentraland, known as the "Metaverse," consists of 90,601 unique plots of LAND. Each plot is an ERC-721 non-fungible token, signifying ownership of a 16m by 16m (256 square meters) which is a piece of virtual real estate, located at specific coordinates within the Metaverse.




From a price action analysis, decentraland crypto made a breakdown of a consolidation phase and has slumped near the multi month lows looking for a firm footing. It ranks 105th in the cryptoverse boasting a $624.8 Million market capitalization.

Moreover, the bulls seemed to be returning back in intraday as the price had jumped over 2.22% at the time of writing. The MACD lines have started converging indicating a possible continuation in the buying.