Will Mina Crypto Boost Above $5?

The MINA price has been hovering in an upward direction in the last few sessions. It has maintained an upward trend above its key EMAs near the bullish zone. The chart demonstrates the current bullish momentum.

Moreover, the price action is advantageous for bulls and the charts show continued growth movement. The price of MINA is on an upward trajectory towards $2.00. If it exceeds that, the price will reach the high of $5.00. Conversely, the lower trajectory is near $1.00, a breakout of which will take the price back to the 200-day EMA. 

At press time, Mina was heading upward, up by 3.76% intraday and trading at $1.268. Moreover, the 24-hour trading volume is $137.435 million. However, the market capitalization of Mina is $1.309 Billion.

The crypto’s performance throughout the year was good. It has had positive returns of 170.91% for the last 6 months, 238.13% for the past three months, and 63.82% for the past month. This suggests an ongoing bullish trend that has not yet been reversed.

Technical Evaluation of MINA Crypto Price in 1-D Timeframe

The MINA (USD: Mina) cryptocurrency is currently trading above its 50-day and 200-day daily moving averages (DMAs), which supports its price momentum

The current RSI value is 54.37 points. The 14 SMA is above the center line at 53.48 points, indicating the bullish nature of the MINA cryptocurrency.

The MACD line at 0.045 and the signal line at 0.067 are above the zero line. There is a bearish crossover in the MACD indicator, which indicates weak momentum in the price of the Mina cryptocurrency.

Short-Term Price Analysis of Mina Crypto Price 

The MINA price is bullish and is hovering in the tight range. However, the trend is strong and buyers are trying to break the zone and boost above $1.350. The RSI curve is around 50, which is close to the neutral level. The price consolidation is forming a positive crossover, which contributes to the pessimistic outlook on the chart. 

The MACD indicator has shown a bullish crossover, but the red bar is close to the end, and the green bars are starting to showcase bullish moves.

Summary

Technical oscillator MINA (USD: Mina) keeps the bullish trend. MACD, RSI, and EMA spotlight positive signals, indicating that the upward moment in the price of the Mina cryptocurrency may be maintained. The price action proposes investors and traders are optimistic daily. Price trends mirror the current upbeat outlook. However, investors and traders must wait to be properly prepared for the next step and avoid FOMO.

Technical Levels

Support Levels:  $1.054.

Resistance Levels:  $1.362.

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 own research before making any financial decisions

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.