MINA
Mina Price Analysis: MINA shows buying potential after hitting the all-time low twice
- The Mina coin rose by 9.5% in the last 24-hours with the Market cap of $983 Million.
- The MINA coin’s price is retesting the half line of the Bollinger Bands indicator in terms of the daily price chart.
- The bitcoin pair belonging to Mina Coin is trading up 4.7% at 0.00005072 satoshis.
MINA Coin tests all-time low Twitch again in 2022. However, in March, MINA recorded an unpredictable session, where MINA’s price action took a roller-coaster ride during a scary downtrend or V-shaped recovery.
Finally MINA investors closed a sharp sell-off which was occurring after a reversal from the bottom trend line. From there, Mina lost over 50% to weekly lows.
Now the bulls again reclaimed the MINA coin above the crucial round level of $2.0, which could act as a support level further. Mina coin gained 9.5% in the last 24 hours, with a market cap of $983 million. Thus, MINA crypto trades at $2.02 at the time of writing, with sideways momentum in the intraday trading session.
On the daily price chart, MINA coin price is retesting the halfway line (20 day moving average) of the Bollinger Bands indicator. Bouncing back, the bitcoin pair belonging to MINA Coin is trading up 4.7% at 0.00005072 satoshis.
Despite the bullish momentum, trading volume reflects low liquidations at $63 million according to CMC. But last night traders saw a 22% increase in trading volume.
MINA looks neutral in intraday trading session
In terms of the daily price chart, the RSI indicator sees a sharp move towards the semi-line (50 mark) after dipping into the oversold area.
Conversely, the ADX indicator is trending down with a slight correction, which indicates a weak bullish trend for the MINA coin.
conclusion
MINA coin shows bullish potential by reflecting higher-highs formation on the hourly time frame. But still, the bulls should move the MINA coin above the semi-line of the Bollinger Bands indicator.
Resistance level- $2.5 and $3.5
Support level- $1.6 and $1.0
