MINU Crypto Hits CMC Leaderboard, Price Ready To Skyrocket?

• Minu crypto has witnessed a huge surge in its trading volume over the last 24 hours.
• The sentiment of the crypto is bullish as per Coincodex.

Minu (MINU) is a mining meme coin on the Binance Smart Chain (BSC). It allows users to earn daily returns in BNB through mining activities within its dApp.

With a deflationary model, 82-84% of its supply is burned, and a 5% transaction tax supports miners and development. This structure incentivizes holding and fosters community growth.

The value of the traded volume for the MINU crypto in the last 24 hours from the press time is worth $3.782 Million. This is followed by a market cap ranking of the crypto is #1686 as per CoinMarketCap.

The circulating supply of the MINU crypto is 5.948 Trillion MINU which is 5.95% of the maximum supply of the crypto. Also, the traded volume for the crypto witnessed a surge of 95% in the last 24 hours showing a huge interaction of traders.

Holding Pattern of MINU Crypto

MINU has a total of 12,144 holders followed by a largest quantity of 94.267 Trillion MINU held by one single address. This is 94.27% of the total supply of the crypto.

Based upon the data of the CoinCarp, the top 10% of the holders of the crypto hold 96.67% of the maximum supply.

Also, the addresses have been holding the crypto statically since May 2024. Also, the total value locked for the crypto is $92.5K and the fully diluted valuation of the crypto is $1.9 Million.

MINU Crypto Technical Analysis

The price of the MINU crypto followed a strong downtrend and lost its value by more than 95% from its all-time high price. 

Despite a strong decline in the trading price of the crypto, the price has started to take support at the lower levels and formed a double bottom on the chart.

Also, at press time, the crypto can be seen forming a bullish pattern on the daily chart of the crypto followed by strong candlesticks. It further has witnessed a small profit booking from its most recent swing high of $0.000000000740.

If the price of the MINU crypto further breaks above the previous swing high and the given price, a strong surge to the higher levels in the crypto might be seen.

MINU/USD Chart by TradingView

The MINU crypto price on the daily chart has recently broken above the 50-day EMA by forming a strong bullish engulfing candle. This shows strength in the trading price of the crypto.

The MACD is also giving a strong buy signal as the MACD and the signal line are following a bullish cross and has advanced above the zero level.

The RSI has hit the over-bought zone on the daily chart hitting the level of 100. This shows strong deviation in the price momentum and the RSI metrics. Thus, considering the RSI momentum for the MINU crypto price won’t be adequate.

Summary

Minu has seen a 95% surge in trading volume, ranking #1686 on CoinMarketCap. Despite a significant price decline from its all-time high, technical indicators suggest a potential bullish reversal. 

However, with a highly concentrated holder base and uncertain market conditions, future price movements remain unpredictable.

The support level for the MINU is $0.0000000001400 and $0.0000000003400 followed by resistance levels of $0.00000000140 and $0.000000002330.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.