Mina price analysis: mina skyrockets 72% to a new all-time high at $6.72

Do repost and rate:

MINA price has rallied 22% over the last 24 hours to the current price at $5.90. The recent rally saw MINA reach a new all-time high around $6.72 on Thursday.

MINA price is on a roll after rallying approximately 72% from a low of $3.92 on Wednesday November 10 a new record high around $6.72. This rally as seen MINA smash the September 14 all-time high (ATH) around $6.57 bringing its market capitalisation to $1,723,769,515 which is up 17% over the last 24 hours according to data from CoinMarketCap. The current MINA rally has seen the asset secure a position among the top 100 cryptocurrencies by market capitalization.

MINA Price Technical Analysis

MINA is currently in the hands of the bulls as it trades in the green at $5.90. The bulls are who are focused on pushing the price past the $7.0 psychological level. However for this to happen, MINA bulls must discover support at the $5.87 level. If this happens, bulls will be bolstered to push MINA above $7.0 as price discovery continues.

But before this happens, MINA will have to overcome the resistance around the $6.176 level where Mina price was rejected five times in September.

MINA’s bullish outlook is accentuated by the appearance of three white soldiers bullish candlesticks on the daily chart. Also the position of the Relative strength Index (RSI) indicator at 76.17 suggests that MINA price is comfortably in the hands of the bulls who are aiming for higher highs in the near-term.

Also the increasing trading volume points to increased trader activity as MINA continues to exchange hands. The daily trading volume currently stands at $786,260,945 after increasing by 40% in the past 24 hours, which is a significant bullish sign.

Note that is things go awry for MINA bulls and they fail to discover support at the $5.87 level, the asset will drop to tag the $5.66 support wall. Massive sell orders could see MINA price dip further towards the $5.67 and $5.16 support walls respectively.

  • Price Analysis
  • Trending
  • MINA Price Analysis: MINA Skyrockets 72% To A New All-Time High At $6.72
  • IOTEX Price Prediction: IOTX Correction Seeks To Undo All The Recent Gains As $0.132 Looms
  • Serum Price Analysis: SRM Coin Back To The Crucial Support, Good Time to Buy?
  • BTC Price Prediction: BTC Price All Set To Resume A Parabolic Trajectory, Here’s Complete Analysis
  • Mina Price Analysis: Will MINA Coin Breach The All-Time Level Of $6.4?
  • Zcash Price Analysis: The ZEC Coin Price Finally Breaks Free From This Crucial Resistance
  • IOTX Price Analysis: A Bullish Breakout From A Price Pattern Indicates More Potential For IOTX
  • BNB Price Prediction: Potential Buy the DIP Signal for BNB Coin As Bullish Divergence Forms on Intraday Levels
  • Ethereum Price Prediction: ETH To Continue Rallying As Bulls Hold On To Crucial Support
  • Elrond Price Analysis: EGLD Price Ready Mark New Higher Highs In Its Technical Chart
  • MINA Price Analysis: MINA Skyrockets 72% To A New All-Time High At $6.72
  • IOTEX Price Prediction: IOTX Correction Seeks To Undo All The Recent Gains As $0.132 Looms
  • Bitcoin Taproot to get Activated in 3 Days, Is It Priced In or BTC Will Move Up?
  • These Bullish and Bearish Signals for Ethereum (ETH) Can Determine the Price Action
  • Serum Price Analysis: SRM Coin Back To The Crucial Support, Good Time to Buy?
  • BTC Price Prediction: BTC Price All Set To Resume A Parabolic Trajectory, Here’s Complete Analysis
  • Miami To Issue Free Bitcoin To Residents, But What Exactly Is The Ultimate Plan?
  • Sovryn introduces Bitcoin-backed Stablecoin Protocols
  • BNB Price Prediction: Potential Buy the DIP Signal for BNB Coin As Bullish Divergence Forms on Intraday Levels
  • Breaking: United Nations Launches NFTs to Highlight Climate Crisis
About Author
Nancy is a successful finance, crypto analyst and content writer with many years of writing experience finance and blockchain fields. Nancy has been producing quality content for websites in the cryptocurrency industry including Krptotrends, Forexcrunch, InsideBitcoins and Economywatch. She is a Certified Cryptocurrency Expert (CCE) from Blockchain Council. Her interests are in cryptoasset research and technical analysis, Fintech, Blockchain, DeFi, NFTs and Personal Finance.Follow her on Twitter @NancyOmanga for more insights

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость