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- The price of MINA increased in the intraday trading session, thus increasing the market cap by 28.3% in the last 24 hours.
- Due to intraday gains, buyers pushed the asset prices above the 100-day moving average.
- Buyers are aiming to hit the conceptual round level of $1.0, which is acting as resistance.
MINA Price became the top gainer of the day with its trading up 26.3% over the last 24 hours. According to the MINA Foundation, which is actively offering new developers their contribution to improve and support the MINA ecosystem.
According to a recent post by the MINA Foundation on Twitter, they announced the award of 75K MINA tokens and $30,000 USDC to 57 grantees as they promoted MINA and helped advertise and support the MINA ecosystem in Q2. Eventually, crypto analysts were also impressed by this post and started making long positions in it.
MINA rallies over 28% Overnight
Last week, buyers placed bulk buy orders as prices were fluctuating above the 2022 lows. As a result, last week, a weekly candlestick drew a long legged Doji candle. Later MINA crypto gained around 40% so far this week. This rally is notable for speculators and MINA price prediction indicates a higher trend ahead.
As of press time, MINA coin is trading at the $0.76 mark against the USDT pair and is also making a 20% intraday gain. Traders have never seen this gain in the digital asset in the past 60 days, which means that the bulls are now on the offensive. Thus the market cap now reached $549.6 million and increased by almost t28% in the last 24 hours.
Eventually, buyers are aiming to reach the conceptual round level of $1.0, which is acting as a resistance. Although trading volume increased by 110% overnight, buyers pushed the asset price above the 100-day moving average.
conclusion
The MACD indicator has entered positive territory after a prolonged period, hence buyers are expecting higher stability. MINA price forecast says about 30% ahead of current levels.
Support level – $0.6 and $0.5
Resistance level – $1.0 and $2.0
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
