Is It Too Late to Buy Mina Protocol Crypto Experts Give Their MINA Price
As a zero knowledge narrative continues to excite crypto markets ballerina tokens impressive plus 125 rallies use set to carry on climbing mean is in strong price recovery mode in the aftermath of a challenging crypto winter bolstered by a flurry in Market interest around the adoption of zp snarks by bias
Nina has climbed to be the 55th ranked cryptocurrency the explosive price action scene by Nina this week started back in January 60 on January 25th setting the stage for an incredible February rally after brief consolidation price broke decisively last Friday posting a 55 climb in just 48 hours critically this broken psychological resistance of one dollar with high pressure remaining strong a well-defended consolidation pattern held across Monday and Tuesday finds a sensational moved Wednesday Yesterday saw a plus 41 plump swinging price back above one dollar to hit a top of one dollar 249. the massive move was only stopped by resistance from the upper trend line at one dollar 25 a level not seen in nine months since May 2022 now sat in a local retracement Mina
Bulls have proven they can smash the one dollar price level twice now the real test is demonstrating they can consolidate here and flip one dollar to support over the next 48 hours if this is successful then the retest of one dollar 25 is on the card with just
Spoken with C plus 25 rally to Historic resistance levels at 1.35 if consolidation at one dollar fails then a breakdown of likely see a test of support from the lower trend line which is set to converge with 200 DNA at zero dollars price action doesn’t touch the
Lower support line in almost a week the RSI 14 reaffirms positive sentiment around eye pressure reading 1156 the RSI is cooled down fast from yesterday’s push-ups with the RSI moving clearly from overbought to oversold territory a picture emerges of a rally with room left to run the macd also supports this bullish
Sentiment reading at zero 005 suggests the rally still has momentum open interest is also illuminated despite bullish charge structure and bullish indicators foreign glass suggests open interest is majority short is 53 39 this could reveal a market symbols overall with the top size Target of 1. 35 Plus 24 3 and downside
Risk zero dollars eighty minus 26 4 percent risk reward for Amina sits at zero ninety-two this isn’t the strongest injury and it may well be worth observing consolidation movements to seek a better entry thank you
As the Zero-Knowledge narrative continues to excite crypto markets. $MINA token’s impressive +125% rally seems set to carry on climbing. MINA is in strong price recovery mode in the aftermath of a challenging crypto winter. Bolstered by a flurry in market interest around the adoption of ZK-Snarks by Binance, MINA has climbed to be the 55th ranked cryptocurrency. The explosive price action seen by MINA this week started back in January. With huge +38% green candles smashing week-long resistance at $0.60 on January 25. Setting the stage for an incredible February rally. After brief consolidation, price broke decisively last Friday – posting a 55% climb in just 48 hours. Critically, this broke through key psychological resistance at $1.00. With buy pressure remaining strong. A well-defended consolidation pattern held across Monday and Tuesday, primed a sensational move Wednesday. Yesterday saw a +41% pump – swinging price back above $1 to hit a top of $1.249. The massive move was only stopped by resistance from the upper trendline at $1.25 – a level not seen in 9 months since May 2022. Now sat in a local retracement. MINA bulls have proven they can smash the $1 price level twice. Now the real test is demonstrating they can consolidate here and flip $1 to support over the next 48 hours. If this is successful. Then a retest of $1.25 is on the cards, which if broken would see a +25% rally to historic resistance levels at $1.35. If consolidation at $1 fails. Then a breakdown would likely see a test of support from the lower trend line – which is set to converge with the 200 Day MA at $0.80. Price action hasn’t touched the lower support line in almost a week. The RSI 14 reaffirms positive sentiment around buy pressure. Reading a level 56 – the RSI has cooled down fast from yesterday’s push up. With the RSI moving clearly from overbought to oversold territory, a picture emerges of a rally with room left to run. The MACD also supports this bullish sentiment, reading at 0.005 suggests the rally still has momentum. Open interest is also illuminating. Despite bullish chart structure, and bullish indicators. CoinGlass suggests open interest is majority short at 53.39%. This could reveal market sentiment. Overall, with a topside target of $1.35 (+24.3%) and downside risk at $0.80 (-26.4%). Risk:Reward for MINA sits at 0.92. This isn’t the strongest entry, and it may well be worth observing consolidation movements to seek a better entry. However, bullish structures and indicators should provide reassurance to open positions. Along with MINA, there are a number of other high-potential altcoins in the market right now. Accordingly, we’ve listed them in a rundown of the top 15 cryptocurrencies for 2023, as analyzed by the CryptoNews Industry Talk team. The list is updated weekly with new altcoins and ICO projects, so be sure to check back for new entries.
All data is taken from the source: http://cryptonews.com
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