Claim BonusMINA Price Analysis: MINA Skyrockets 72% To A New All-Time High At $6.72
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.
MINA/USD Daily Chart
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.
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- XRP News: Ripple’s RLUSD Gets Boost as CFTC Expands Approved Tokenized Collateral
- Crypto Markets Brace as Another Partial U.S. Government Shutdown Looms Next Week
- $40B Bitcoin Airdrop Error: Bithumb to Reimburse Customer Losses After BTC Crash To $55k
- ETH Price Fears Major Crash As Trend Research Deposits $1.8B Ethereum to Binance
- Trump Tariffs: Will US–India Trade Deal Boost Crypto Market?
- Cardano Price Prediction as Midnight Token Soars 15%
- Bitcoin and XRP Price Outlook Ahead of Crypto Market Bill Nearing Key Phase on Feb 10th
- Bitcoin Price Prediction as Funding Rate Tumbles Ahead of $2.1B Options Expiry
- Ethereum Price Outlook as Vitalik Buterin Sells $14 Million Worth of ETH: What’s Next for Ether?
- Solana Price at Risk of Crashing Below $50 as Crypto Fear and Greed Index Plunges to 5
- Pi Network Price Prediction Ahead of PI KYC Validator Reward System Launch
