Decentraland [MANA] presents a strong case for recovery thanks to…

The month of April not only demolished the March rally but was also responsible for the price bottoming of most of the cryptocurrencies. Decentraland's MANA suffered too along with the rest of the market and recorded a new low a few days ago.

Timeline of Decentraland

Singaporean billionaire Kwek Leng Beng's Millennium Hotels and Resorts and the billionaire Lo family's Regal Hotels Group in Hong Kong are taking their first steps into the metaverse after purchasing virtual properties in blockchain gaming platforms Decentraland and the Sandbox.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice According to data from Coinglass, more market participants were shorting the asset than longing MANA. That means the majority of the market participants had taken a bearish stance on the coin than the bullish side.

Since the start of April, the cryptocurrency market has been punched by a bearish trend as over the last 30 days the market has not seen any stability. Even today the crypto market is trading red as the flagship currency Bitcoin is trading below $40,000 positioned at $38,978 at the time of writing. Ethereum Whales …