- The MINA coin price is surging for the third consecutive day.
- It has surged by over 18% in a week.
- The current market price of the Mina Coin is $0.729.
In the initial phase of trading, the Mina coin price showed a great surge in the price and it reached an all-time high level of $9.91 on June 01, 2021. MINA coin price has started to decline from that level.
The coin price has started to decline at a greater pace in November 2021. From there, it has shown a great decline and this sharp decline has taken a halt by the coin in June 2022.
The coin price has been trading in a horizontal range of $1.100 and $0.4100 since then. It has tried to escape from this level several times but has failed to do so. The coin price has reached an all-time low (ATL) level of $0.352.
The Coin price has started to rise in the middle of October 2023. It has surged by over 18% in a week. Currently, it has been consolidating in a range since 25 October 2023.
Can the MINA Coin Price Reach the $1 Level in 2024?
The Mina Coin price has recently breached the descending triangle pattern on the daily chart. It has shown a positive momentum after that and the coin has surged significantly from the lower level.
After the surge, the coin price faced a strong rejection from the upper levels and started the consolidation. However, it has formed some bullish candles at present and is surging for the third consecutive session.
The coin price has faced a strong rejection from the $0.7547 level and it is facing rejection from that level even now. Apart from this resistance, the other resistance for the price is present near the level of $0.9527.
MINA coin has formed strong support near the price of $0.5757 and the bulls are strongly holding this level. The other support for the price is present near the level of $0.3510, from where the price has created a bottom of the current trend.
A Quick Glance of the EMA and RSI Indicator
The MINA Coin price is trading above the 50-day and 200-day exponential moving average, which is a bullish sign for the buyers. It has recently witnessed a golden crossover on the daily chart.
The relative strength index (RSI) is curving at 67.11, which indicates that the bulls are in momentum. The slope of the RSI is rising upwards, which shows that the bulls are gaining more strength.
Conclusion
The MINA coin price has shown a great jump from the lower level and it seems like the bulls are again gaining momentum. If the coin price breaches the $0.7547 level, then it can show some wild move on the upside.
Technical level
Resistance level – $0.7547 and $0.9527
Support level – $0.5757 and $0.3510
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.