- MINA Token price action indicates an accumulation phase in the daily chart.
- The 24-Hour trading volume is $58 Million, a fall of 15% in comparison to yesterday.
- The pair of MINA/BTC is trading at 0.00006921 BTC with an intraday fall of -1.34%.
After the recent price dump, the MINA coin price approaches the solid support zone near the $3.75 mark. Furthermore, the support level coincides with the 0.50 Fibonacci retracement level in the daily chart.
Moreover, the volume is falling gradually in the daily chart compared to the last few days. Additionally, a breakout of either side will bring a drastic change.
The MINA Token price trades at $4.20, decreasing 0.62% in market capitalization over the past 24 hours. Furthermore, the intraday trading volume has decreased by 15% in the past day.
MINA Token In The 4-Hour Chart
MINA token price action indicates a symmetrical triangle price pattern formation in the daily chart. The price rests slightly above the pattern’s support trendline. Additionally, the price bottles up within the pattern. Thus, a breaokut can be seen shortly.
As per pivot points analysis, the resistance levels for the token after the $4.39 mark reside at the $5.20 mark. However, if the price takes a bearish reversal, sellers may find opposition at $3.73 or $3.07.
In a bullish structure, the daily technical Chart’s EMAs rise in a bullish structure. As a result, it can protect prices from a bearish attack. Dips below the 20-period EMA can also be used as entry points.
As the slope falls in the neutral territory, the RSI indicator predicts a gradual rise in the underlying bearishness.
The ADX indicator shows a gradually rising trend, which means there is a lot of potential in underlying momentum.
Signal lines and MACD are lower below the neutral area on the daily chart. As a result, the token price is showing slight bearish momentum.
Conclusion – MINA Coin’s upcoming trend is slightly bearish from a technical standpoint. However, the daily charts show a reversal possibility despite an incredible fall in trading volume.
Support – $3.73 or $3.00
Resistance – $4.40 and $5.20