Mina Price Analysis: MINA Plunge -21.52%, How Low Will It Drop?

  • In terms of MINA support floor, it is now $0.50.
  • 24-hour trading volume for Mina is hovering at $34,522,871.00.
  • Bears control MINA’s current price actions.
  • MINA fall -27.14% in seven days.

10 June 2023 : In this article we will walk you through Mina price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Mina, Is MINA a good investment? Mina support & resistance levels etc. But before diving deep into the MINA technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,044,114,024,968. The total trading volume stands at $48,542,985,012. Bitcoin shares 47.72 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,681.68 level after a decline of -3.77%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.7 percent reaching to $1,744.86 during the previous 24 hours.
While publishing this blog, BNB traded at $236.14, following a price change of -9.99%within the same time frame. XRP the native coin of XRP is down by -8.28 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Mina Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Mina (MINA)

MINA Resistance Levels MINA Support Levels
Resistance Level 1 $0.60 Support Level 1 $0.50
Resistance Level 2 $0.65 Support Level 2 $0.45
Resistance Level 3 $0.70 Support Level 3 $0.40

Mina Performance

The daily chart of Mina shows that the MINA price has a downward movement with a -21.52% decrease in past 24 hours. The price value of the Mina (MINA) coin is standing at $0.40 with market capitalization $365,715,922.00 USD. MINA price changes -27.14% over the week while the trading volume is hovering around $34,522,871.00 USD.

Mina Price Analysis

MINA price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Mina.

Moving Averages Price Indicator
Simple Moving Average (10) 0.55 Sell
Exponential Moving Average (10) 0.56 Sell
Simple Moving Average (20) 0.57 Sell
Exponential Moving Average (20) 0.57 Sell
Simple Moving Average (50) 0.61 Sell
Exponential Moving Average (50) 0.60 Sell

While MINA’s Williams %R indicator is at -31.722 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The relative Strength Index (RSI) indicates that the MINA coin is in consolidation zone, as RSI is at 40. The MINA/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. The Mina has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take MINA price below the crucial support level of $0.50.


As of now, Mina is not doing well and is trading in reddish zone. In order to invest in the digital currency, crypto investors want to see the MINA move into the positive zone. In 2022 and beyond, the Mina price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.