Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
MINA price prediction is bullish for the next few months and suggests bulls are returning back to the track.
MINA price breakout the $0.4976 hurdle with a strong buying volume and displayed a giant bullish candle. Moreover, the crypto witnessed a massive spike in buying volume showcasing some whales might have taken a long position.
MINA price managed to climb above the 50-day and 200-day EMA. It indicates the short-term trend as well as the positional trend has reversed in the upward direction.
In the recent up move buyers attempted to break out of the $1.00 hurdle level. However, due to the strong presence of sellers in the supply zone, the attempt failed and the price reverted down.
MINA price showed a surprising upmove and surged 60% in a single day. Therefore, the price will either consolidate or witness minor profit booking. MINA price is trading at $0.6739 with an intraday decline of -9.25%. The 24-hour volume to market cap is 118.03%.
The MINA/BTC pair is trading at 0.00001935 with an intraday decline of 11.43%. Both the pairs forming a similar kind of pattern indicates bulls are active and preparing for the rally.
Will MINA Price Perform Well in November?
MINA price prediction says that the rally has just begun and more upward momentum is possible. The price pattern of the MINA crypto is turning bullish and buyers are trying their best to give the follow-up momentum.
Till MINA price sustains above the $0.4976 level, the bulls will remain active and continue their dominance.
On the higher side, $0.8000 is acting as an immediate hurdle for the bulls. If the buyers succeed in breaking the $0.8000 hurdle then the next phase of the rally will be triggered. The analysis suggests that MINA price is in bulls’ grip and likely to perform well in November.
Will MINA Crypto Price Follow the Overall Market Trend?
MINA crypto price is turning bullish on multiple time frames. Moreover, the crypto leader BTC and ETH price is performing well which improves the market sentiment.
Also, it will positively impact the prices of the other altcoins including MINA crypto. Therefore, investors may look to buy MINA to generate decent returns.
The MACD curve slopes upward and the histogram bar is green. It indicates prices likely to trade with a bullish bias. The RSI at 76 reversing down from the overbought territory denotes minor retracement is good for better price discovery.
Conclusion
MINA price prediction is bullish for the short term as well as for the long term. It broke out of the $0.4976 hurdle and reversed the trend in an upward direction.
The analysis suggests that the MINA crypto price is in a bullish grip and more upward momentum is possible.
Technical levels
- Resistance levels: $0.7682 and $0.9649
- Support levels: $0.4976 and $0.6000
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.
Source: https://www.thecoinrepublic.com/2023/10/25/mina-price-prediction-mina-surges-60-will-rally-continue/