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- 1 Mina is currently trading at $0.5161 while seeing a fall of 25.53% in the 24-hour trading volume.
- 2 The Mina price recorded a rise of 3.49% in the last 7 days.
Mina price prediction suggests the bulls are stepping in the price action after seeing a decline in the MINA token. Presently, the price of the MINA token is testing its 50 EMA resistance on a daily timeframe. The Mina crypto is forming a higher high pattern after trading under a downtrend if the price continues to make a higher high and low pattern it may succeed in breaking out of the bear’s grasp.
Mina claims to be the world’s lightest blockchain. Mina uses advanced cryptography and recursive zk-SNARKs to design the blockchain. The blockchain is about 22kb majorly less than some of the major cryptocurrencies. Mina is stewarded by Mina Foundation a non-profit organization.
The present value of ATOM is $0.561, It has a market capitalization of around $477.63 Million seeing a surge within the past few weeks.
Decrease in LunarCrush Levels Regarding Mina
There is a plunge in the majority of LunarCrush parameters. The total bullish sentiment metric has dropped by 50.13%. A sharp fall of 89.48% is observed in the total social engagement level which suggests that potential investors in the community are reluctant regarding the further increase in Mina crypto.
Major Hike In Greed Sentiment Of Investors
Investor sentiments regarding the overall cryptocurrency market are seeing a surge within the past week in the sentiment index. The market’s sentiment metric had increased by 5 points in the last week when the index was moving near 59 points.
The value of the sentiment index is 64 points in the Fear and Greed index as per the Alternative(dot)me platform.
Mina Price Prediction: Technical Analysis On 1-Day Chart
The RSI line has recently crossed above the median line. The present value of the RSI is 57.95 points and the value of 14 SMA is 52.15 points. The RSI line is steadily moving toward the overbought level.
At present, the stochastic RSI has approached the overbought level and the value is 96.42 points. The stochastic RSI may give a bearish crossover between the %K and %D lines.
Conclusion
According to the analysis, Mina price is gaining buyers’ support on the 1-day chart after the recent plunge in its value. If the price continues to make a higher high and low pattern, it has the probability of breaking the bear’s grasp over it. Investor sentiments regarding the overall cryptocurrency market are bullish.
Technical Levels:
Support –$0.400
Resistance – $0.600
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
