Mina Price Analysis: MINA Up By 1.02%, Time to Buy?


  • In terms of MINA support floor, it is now $0.50.
  • 24-hour trading volume for Mina is hovering at $94,980,842.00.
  • Bull control MINA’s current price actions.
  • MINA fall -0.04% in seven days.

29 February 2024 : 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 $2,252,616,805,319. The total trading volume stands at $155,907,029,995. Bitcoin shares 52.94 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $60,741.25 level after an upward movement of 0.41%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.01 percent reaching to $3,320.85 during the previous 24 hours.
While publishing this blog, BNB traded at $400.85, following a price change of -2.02%within the same time frame. SOL the native coin of Solana is up by 10.04 and currently trading at $126.00. Additionally, XRP reached $0.59 after seeing a uplift of 3.68% 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 surged up with a 1.02% increase in past 24 hours. The price value of the Mina (MINA) coin is standing at $1.29 with market capitalization $1,369,142,630.00 USD. MINA price changes -0.04% over the week while the trading volume is hovering around $94,980,842.00 USD.

Mina Price Analysis

MINA price analysis for 29 February 2024 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 Buy
Exponential Moving Average (10) 0.56 Buy
Simple Moving Average (20) 0.57 Buy
Exponential Moving Average (20) 0.57 Buy
Simple Moving Average (50) 0.61 Buy
Exponential Moving Average (50) 0.60 Buy

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.

Conclusions

MINA price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Mina to make a one directional move to make a good entry in the market.