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.
- Incoming Shiba Inu Rally? Over 22 Billion SHIB Tokens Burned Across 497 Transactions
- French Luxury Brand Balenciaga To Accept Crypto Payments In U.S.
- PayPal May Soon Accept All Forms Of Crypto Reveals Vice-President
- Crypto Analyst Predicts What Will Kickstart Next Bitcoin Bull Run
- Just-In: South Korea May Sue Crypto Exchanges Over Terra Crash
- Breaking: S. Korean Exchanges Redflag Litecoin Mimblewimble Update; May Delist LTC
- Just-In: PlanB Reveals Bitcoin S2F Prediction For 2024 Halving
- Heavy Outflows Force Investors to Seek Refuge In Multi-crypto Investment Products
- PlanB: When Will Bitcoin (BTC) Price Cross $500K?
- Case Study: P2E Gaming Projects Tackling The Barriers To Web3 Mass Adoption
- Ethereum Price Analysis: Triangle Pattern Foretells Upcoming Rally in ETH
- Zilliqa Price Analysis: Channel Breakout Hints ZIL Price to hit $0.1
- Bitcoin Price Analysis: Trapped Bullish Momentum Need Triangle Breakout
- FTM Price Analysis: Buyers Tease Breakout From Long-Coming Trendline
- GALA Price Analysis: High Momentum Fallout Warns $0.075 Fallout
- Solana Price Prediction 2022: Bulls to drive SOL Price to new Highs?
- Theta Price Prediction 2022 : Analysts Insights into the crucial Reversal levels
- Sandbox Price Prediction 2022 : Analysts Show Optimism Towards The Metaverse SAND Token
- Apecoin Price Prediction 2022 : The future of Web3 and NFTs ?
- Ethereum Classic Price Prediction 2022 : Here’s What to Expect from ETC Price ?