Buy $GGsMina Price Prediction: Potential Reversal Could Descend The MINA Price By 20%
The MINA/USDT pair showcased a choppy price action wavering within the $2.8 and $2.47 mark during the last two weeks. Anyhow, the buyers managed to escape this consolidation with long bullish, hitting the $3 physiological level. However, the sudden selling pressure in the crypto market has formed a higher price rejection candle at this level.
Key Points:
- The MACD indicator near is a bearish crossover
- The potential reversal could descend the coin by 20%
- The 24-hour trading volume in the Mina coin is $243 Million, indicating a 203% gain
Source-Tradingview
A falling wedge pattern governed the last three months in the MINA/USD pair, bolstering traders to sell on lower high rallies. However, on March 17th, the buyers gave a bullish breakout from the descending trendline of the price pattern, indicating a positive turn in traders’ sentiment.
The post-retest rally drove the altcoin by $38%, reaching the $2.8 mark. However, amidst the uncertainty in the crypto market, the MINA price fluctuated in a narrow range for the last two weeks.
Anyhow, the buyers took the initiative and breached the mentioned resistance with a long bullish candle. The coin price retested $3 resistance earlier today, teasing a follow-up breakout. However, a long-wick rejection attached to the daily candle suggests weakness to the bullish momentum.
However, if bears sustain the MINA price below the $3 resistance, the selling pressure would eventually rise and pull the price back to $2.2 support.
Alternatively, a bullish breakout from $3 resistance would continue the bull run to the $4 mark.
Technical Indicator
The 50-and-100-day SMA moving flat suggests a sideways rally for the Mina coin. However, the coin price trading above these SMAs bolsters the recovery rally.
The MACD indicator shows that the fast and slow lines moving close could trigger a bearish crossover anytime. This bearish signal may encourage additional a\selling among traders.
- Resistance levels– $3 and $4
- Support levels– $2.8 and $2.45
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Related Articles
- US-Iran War: Reports Confirm Bombings In UAE, Bahrain and Kuwait As Crypto Market Makes Recovery
- XRP Price Dips on US-Iran Conflict, But Capitulation Signals March Rebound
- Crypto Market at Risk as U.S.–Iran War Threatens Inflation With Oil Price Surge
- Polymarket U.S.–Iran Strike Bets Fuel Insider Trading Speculation as Crypto Traders Net $1.2M
- Cardano’s DeFi TVL Climbs as USDCx Stablecoin Launches on Network
- Circle (CRCL) Stock Price Prediction as Today is the CLARITY Act Deadline
- Analysts Predict Where XRP Price Could Close This Week – March 2026
- Top Analyst Predicts Pi Network Price Bottom, Flags Key Catalysts
- Will Ethereum Price Hold $1,900 Level After Five Weeks of $563M ETF Selling?
- Top 2 Price Predictions Ethereum and Solana Ahead of March 1 Clarity Act Stablecoin Deadline
- Pi Network Price Prediction Ahead of Protocol Upgrades Deadline on March 1
