03 October 2022 : 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.
Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $942,349,851,200. The total trading volume stands at $55,016,313,716. Bitcoin shares 39.79 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,561.70 level after an upward movement of 1.82%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 2.21 percent reaching to $1,326.48 during the previous 24 hours.
While publishing this blog, BNB traded at $288.52, following a price change of 1.89% within the same time frame. XRP the native coin of XRP is down by -0.62 and currently trading at $0.46. Additionally, Cardano reached $0.43 after seeing a uplift of 0.41% 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.
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||$0.62||Support Level 1||$0.57|
|Resistance Level 2||$0.65||Support Level 2||$0.54|
|Resistance Level 3||$0.67||Support Level 3||$0.51|
The daily chart of Mina shows that the MINA price has surged up with a 2.55% increase in past 24 hours. The price value of the Mina (MINA) coin is standing at $0.59 with market capitalization $410,891,738.00 USD. MINA price changes 0.36% over the week while the trading volume is hovering around $10,605,685.00 USD.
MINA price analysis for 03 October 2022 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.
|Simple Moving Average (10)||0.59||Buy|
|Exponential Moving Average (10)||0.59||Buy|
|Simple Moving Average (20)||0.59||Sell|
|Exponential Moving Average (20)||0.59||Sell|
|Simple Moving Average (50)||0.67||Sell|
|Exponential Moving Average (50)||0.66||Sell|
While MINA’s Williams %R indicator is at -68.475 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. MINA has a nearest resistance of $0.62. A bullish breakout in this resistance level would boost the uptrend momentum. The buyers could then target the resistance R2 placed at $0.65. Alternatively, if the investors turn against the Mina (MINA), the bears might control the market and take MINA price below the crucial support level of $0.57. The MINA/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market. The Relative strength index (RSI) for MINA Coin is currently hovering at 47 for 14-days average line, which means MINA is in consolidation zone right now.
According to our technical analysis data, the short-term forecast for the Mina price is mostly bullish at the time of writing. The cryptocurrency Mina seems to be on the rise again. A significant return-on-investment (ROI) is predicted if you acquired the currency some time back.