Decentraland (MANA), Apecoin (APE) and Flux Shares (FXS) are setting the stage for big gains, according to a noted crypto trader.
trader under the pseudonym Cantering Clark To tell His 156,700 Twitter followers show that the metaverse protocol, Decentraland, is showing a short bear squeeze and further upswing.
“GameFi and metaverse pumping. If I had to guess, MANA could rise even harder given the OI [Open Interest] It’s almost double what it usually is before a bunch of Barry-related shorts and hedges are tagged. ”
A short squeeze occurs when a unit of an asset is borrowed at a particular price and forced to buy back the asset in hopes of selling it at a lower price to pocket the difference.
At the time of writing, MANA is valued at $0.41, up more than 38% from this month’s low of $0.295.
See APE, Cantering Clarke To tell The Bored Ape Yacht Club community’s native token may continue to rise even after immediate resistance is removed.
“Weekly’s close to $4.30 is now set with 30 minutes left. If the Metaverse and GameFi continue to gain momentum, APE will get wind in its sails.”
APE is worth $4.52 at the time of writing. His move to $7.20, an analyst target, suggests APE could rise nearly 60% of his.
Finally, he To tell FXS, the governance token of the Frax stablecoin protocol, appears to be forming a solid bottom and may be gearing up for a breakout.
“Seeing FXS gaining bids again, there is a granite bottom in this 3-day chart.
As of this writing, FXS is trading at $5.53.
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