Mina Protocol is Trading -16.88% Below Our Price Prediction for Oct 17, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Mina Protocol is up 12.56% today against the US Dollar
• MINA/BTC increased by 12.30% today
• MINA/ETH increased by 11.63% today
• Mina Protocol is currently trading 16.88% below our prediction on Oct 17, 2024
• Mina Protocol gained 35.01% in the last month and is up 61.60% since 1 year ago

MINA price is expected to rise by 30.27% in the next 5 days according to our Mina Protocol price prediction

is trading at $ 0.582428 after gaining 12.56% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 10.22% in the same time period. MINA performed well against BTC today and recorded a 12.30% gain against the world’s largest cryptocurrency.

According to our Mina Protocol price prediction, MINA is expected to reach a price of $ 0.700696 by Oct 17, 2024. This would represent a 30.27% price increase for MINA in the next 5 days.

MINA Price Prediction Chart

Buy/Sell Mina Protocol

What has been going on with Mina Protocol in the last 30 days

Mina Protocol has been displaying a positive trend recently, as the coin gained 35.01% in the last 30-days. The medium-term trend for Mina Protocol has been bullish, with MINA increasing by 10.46% in the last 3 months. The long-term picture for Mina Protocol has been positive, as MINA is currently displaying a 61.60% 1-year price change. On this day last year, MINA was trading at $ 0.360408.

Mina Protocol reached its all-time high price on Nov 11, 2021, when the price of MINA peaked at $ 6.49. The current MINA cycle high is $ 0.636997, while the cycle low is at $ 0.339631. MINA has been displaying low volatility recently – the 1-month volatility of the coin is at 8.91. Mina Protocol recorded 18 green days in the last 30 days.

Mina Protocol technical analysis for today – Oct 13, 2024

The sentiment in the Mina Protocol markets is currently Bullish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.496225, $ 0.479017 and $ 0.466325, while $ 0.526125, $ 0.538818 and $ 0.556025 are the key resistance levels.

Bullish sentiment for Mina Protocol

21 indicators are currently signaling a bullish prediction for Mina Protocol, while 6 indicators are showing a bearish forecast. With 78% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Mina Protocol.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 49 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Mina Protocol moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Mina Protocol is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Mina Protocol is at 51.90, suggesting that MINA is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Mina Protocol over the last 50 days. Currently, Mina Protocol is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MINA closing price for the last 200 days. MINA is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Mina Protocol prediction

After considering the above factors, we can conclude that the current forecast for Mina Protocol price prediction is Bullish. MINA would have to increase by 30.27% to hit our $ 0.700696 target within the next five days. Moving forward, it will be important to monitor the MINA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Mina Protocol price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.