Mina price continued to roll down on the second consecutive day after reversing ist course near the previous high. At the time of writing, the crypto was at $1.417 reporting an intraday loss of 1.35%.
Earlier, the crypto took rebound from the 50-Day EMA and extended its move towards the recent swing high. However, the crypto failed to surpass the recent high and lost momentum near the highs, thus forming a double-top pattern.
The crypto has more downside room till the 20-Day EMA which may act as a dynamic support and try to halt the fall. Furthermore, if the momentum continues then the crypto may slide the previous swing low and the 50-Day EMA.
Moreover, the trend outlook is positive in the short term as well as long long term. The recent selloff might turn out to be a pullback and the crypto may continue to rise after the completion of pullback.
The short-term outlook may turn bearish if the price breaks below the $1.14 level and breakdown of the 50-Day EMA. however, until the crypto is maintained above the 50-Day EMA, the buyers might look for buying opportunities at a discounted price.
Mina Crypto Volume Analysis
The volume analysis shows that MINA crypto received $101 Million in volume in the past 24 hours with a drop of 19.59% as compared to the previous day. Live market capitalization of the crypto is $1.477 Billion and it ranks 54th. The volume to market capitalization ratio is 7.20% indicating mild volatility in the market.
Mina Crypto Technical Analysis
From a technical perspective, the Mina cryptocurrency trades comfortably above the key EMAs of 20, 50 and 200-Day EMAs indicating bullishness in the overall trend. The EMAs may act as a dynamic support and could halt further decline. The MACD line and signal line are showing a bullish crossover suggesting a positive outlook in the short term.
Mina Price Prediction for February 2024
The positive view of analysts predicts an upside potential of nearly 13.01% by February end, which could take the Mina price near the $1.574 level. On the other hand, the bearish view of analysts hopes for the breakdown below 50-Day EMA after which the price could test lower levels of $1.14 and $1.
Mina Price Prediction for 2024
The price prediction for 2024 shows that the Mina may advance to a high of $2.40 by the end of 2024 if the positive conditions prevail. On the other side, The less optimistic analysts estimate a price target of $1.951 by the end of the year.
Mina Price Prediction for 2025
As per the most positive view of our analysts, the price may hit the $3.740 mark, suggesting an upside potential of 166.84% by 2025. The pessimistic view of the analyst is that the price could reach $2.556 by the end of the financial year 2025
