From a technical perspective, the MINA/USD chart indicates a positive outlook for this coin, as its price has surged 44% in just two trading days. This coin is quite near to it’s All-Time High level, and a breakout from this level will indicate high potential for MINA coin price.
Key technical points to consider:
- The MINA coins daily RSI line about to reach the overbought territory
- The intraday trading volume in the MINA coin is $1.1 Billion, indicating a massive 2014.3% hike
Source- MINA/USD chart by Tradingview
On September 14th, the MINA coin rally was rejected from the $6.5 level, marking it as the New All-Time High in the technical. This bearish reversal plunged the coin price near the $4 mark, where it started experiencing sufficient supply pressure.
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The coin tested this support multiple times, and then one fateful day, i.e., on November 10th, the price managed to bounce back from this support, initiating a significant movement in the MINA/USD chart. This coin has gained 44% in just two trading days and showed a tremendous interest of crypto traders by a 2000% volume hike.
The coin is currently trying to breach the All-Time High resistance around the $6.5-$6.35 mark. And as for the Relative strength index(75), it shows a steady growth towards the overbought region.
MINA/USD Chart In The 4-hour Time Frame
Source- MINA/USD chart by Tradingview
In this lower time frame chart, the MINA coin has provided a candle closing above the $6.5-$6.35 resistance level. However, the retest candle has dropped more than expected, which indicates a slight threat of a fake-out.
The crypto traders can wait to see if the price could provide a daily candle closing above this crucial resistance to get a proper confirmation for a long trade. This MINA coin is currently trading at $5.98, with an intraday gain of 16.7%.
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