- The MINA token is increasing upwardly, around 34%, during the intraday trading session.
- The 24-hour trading volume is at $224 million.
- MINA/BTC pair is also trading positive by 33.8% at 0.00010412 BTC.
Daily technical chart and MINA token price are showing an upward trend. Based on the pivot level, the initial support level is 3.85 USD. From another perspective, if it accelerates, the resistance level to watch is 5.75 USD. Although the chart created an inverted hammer pattern during the day, the price is expected to be upwards with medium reliability.
Ichimoku Cloud is composed of lead-1 and lead-2, and the displacement value is 1. It operates as a pivot level and leading indicator of asset price changes. Investors can see that the price breaks above the Red Moku Cloud and now trades above the Green Moku Cloud, so the cost is above the Green Moku Cloud, ensuring the positive trend of MINA.
Trading volume (1.657 M) is above the 20-day moving average (588.41 K). In short, the high volume of transactions caused the price to break above the pivot zone. Investors may also notice that the volume bar on the chart is inclining, which indicates that surprising volatility is expected in the next trading days.
The MACD indicator gives (bullish) crossover above the signal line on September 09, indicating a buy signal in the coin. Moreover, Investors can see huge green bars on the Histogram index.
MINA Token Expecting 16% Gains in Short Term
The price of Mina Protocol today is 4.88 US dollars, and the 24-hour trading volume is 223,614,838 US dollars. The cost of MINA has increased by 35.4% in the past 24 hours. It has 210 million MINA coins and a total supply of 853 million. The MACD indicator shows a buy sign, and the traders have led to high volume. Technically, the price resides around the resistance zones and continues in an uptrend. Accordingly, as with the overall market viewpoint, the trend remains bullish for upcoming trading sessions.
Resistance Level: $5.75
Support Level: $3.85