MINA/USD When the chart is technically analyzed, its price is only in two trading days. 44% continues to maintain its positive outlook. MINAis pretty close to its all-time high and a breakout from this level could indicate higher potentials for MINA price.
Important technical points to consider are MINA is very close to forming the daily RSI line which is about to reach overbought territory. On the other hand, MINA’s intraday trading volume is around 1.1 million dollars, which indicates an increase of 2014.3% compared to the previous period.
On September 14, the MINA rally was rejected at $6.5 but hit an all-time high. The bearish divergence in MINA has brought it closer to the $4 level, where sufficient supply pressure is starting to be experienced in the asset.
MINA tested this support many times and then managed to bounce back from this support on an important day, November 10, and started a significant movement on the MINA/USD chart. MINA gained 44% in just two trading days and 2000%It recorded a volume increase of .
MINA It is currently attempting to break the all-time high resistance near $6.5-6.35. The relative strength index (75), on the other hand, shows steady growth towards the overbought region.
MINA/USD 4-Hour Chart
Looking at the 4-hour time frame, mINA formed a candle close above the resistance level at $6.5-6.35. However, the retest candle fell more than expected, indicating a slight “fraud” threat.
Crypto traders can wait to see if the price can secure a daily candle close above this key resistance to get proper confirmation for a long trade. This MINA It is currently trading at $5.98 with an intraday gain of 16.7%.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.