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MINA Price Analysis: MINA Skyrockets 72% To A New All-Time High At $6.72

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MINA price has rallied 22% over the last 24 hours to the current price at $5.90. The recent rally saw MINA reach a new all-time high around $6.72 on Thursday.

MINA price is on a roll after rallying approximately 72% from a low of $3.92 on Wednesday November 10 a new record high around $6.72. This rally as seen MINA smash the September 14 all-time high (ATH) around $6.57 bringing its market capitalisation to $1,723,769,515 which is up 17% over the last 24 hours according to data from CoinMarketCap. The current MINA rally has seen the asset secure a position among the top 100 cryptocurrencies by market capitalization.

MINA Price Technical Analysis

MINA is currently in the hands of the bulls as it trades in the green at $5.90. The bulls are who are focused on pushing the price past the $7.0 psychological level. However for this to happen, MINA bulls must discover support at the $5.87 level. If this happens, bulls will be bolstered to push MINA above $7.0 as price discovery continues.

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But before this happens, MINA will have to overcome the resistance around the $6.176 level where Mina price was rejected five times in September.

MINA’s bullish outlook is accentuated by the appearance of three white soldiers bullish candlesticks on the daily chart. Also the position of the Relative strength Index (RSI) indicator at 76.17 suggests that MINA price is comfortably in the hands of the bulls who are aiming for higher highs in the near-term.

Also the increasing trading volume points to increased trader activity as MINA continues to exchange hands. The daily trading volume currently stands at $786,260,945 after increasing by 40% in the past 24 hours, which is a significant bullish sign.

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MINA/USD Daily ChartLive Chart

Mina Price Daily Chart

Note that is things go awry for MINA bulls and they fail to discover support at the $5.87 level, the asset will drop to tag the $5.66 support wall. Massive sell orders could see MINA price dip further towards the $5.67 and $5.16 support walls respectively.

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MINA

GRT, MINA, And ANKR Resist New Covid Variant! Would 5X Be Possible?

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The global crypto market strives hard to subdue the bearish rule post the FUD created by the new Covid variant on November 26th. However, the space has lost a market cap of almost $200 billion within 24 hours. 

Notably, the chief cryptocurrency Bitcoin has almost lost $6,000 in its value within a day. Followed by which other cryptocurrencies such as Ethereum, Solana, Cardano, and other chief altcoins lost by substantial value. Yet some of the altcoins such as The Graph, Mina, and Ankr remained immune to the new Covid variant with significant profits. 

The Graph (GRT) : 

The Graph price has been trading within a range bound scale for the past five months. With an incredible surge of 192.3% in the trading volume, the GRT price is hopeful of a massive breakout. The protocol has faced a rejection multiple times around $0.8 and $1.03. However, the token has yet again faced mild rejection around $1.01, facing a heavy sell-off over the past couple of hours. 

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As buy orders for the asset look positive in the one-day chart, the protocol would quickly retest at $1.3. If it passes the crucial resistance, then the GRT price would claim the major uptrend neckline of $1.71. In contrast, the altcoin would plummet to the major bottom-line support of  $0.85 with a considerable influx of sell orders. 

Ankr (ANKR): 

Ankr protocol has seen magnificent growth since the start of the year 2021. The protocol has been generating a series of higher lows over the past two months. In the first parabolic of the quarter, the asset has gained a profit of more than 50%. However, in its recent leg up the asset has claimed yet another 50% of gains reaching close to the previous ATH of $0.1852

However, with a 450% surge in the trading volume round the clock, the protocol exhibits signs of positive growth. It has faced a thanksgiving rejection close to its previous ATH, yet bulls still hold the dominance. If it quickly passes the ATH, then it is expected to move by another 20 to 25%. 

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Mina (MINA): 

Mina’s price has been trading within a crucial rangebound scale for the past few months. The protocol is striving hard to seek the requisite momentum for the massive breakout. However, the RSI factor indicates an exceptional bullish momentum in the short term. In addition, bulls still predominate with positive movement in the buy orders. 

In order to escape from the rangebound scale, the MINA price would need to pass the crucial resistance of $5.86. As many traders believe the project is undervalued if the protocol manages to find momentum, then it would take a crucial leg up. 

Collectively, sooner or later the aforementioned protocols hold the substantial potential to make an upward move. In addition, a portion of the traders and netizens argue that these are undervalued currencies. However, as many proponents and enthusiasts await the massive alt season in December and January, the Graph, Ankr, and Mina protocols are on the radar of the majority of traders. 

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