Mina Crypto Price Levels

Mina Crypto has demonstrated fantastic performance over the last four weeks increasing in price by over 59%. The sleeping giant has also recently broken through an ascending channel continuation pattern which reflects bullish price momentum.

If Mina Crypto can maintain its uptrend we might break the $1 dollar price level soon if Bitcoin can continue breaking through resistances. In the last 24 hours Mina Crypto is up 6.52% and the bells of euphia ring once again.

Will we see Mina Crypto reach $1? Mina Crypto is listed on Binance.

Cryptoassets are a highly volatile unregulated investment product.

Mina Crypto Price Prediction 2022

From a technical analysis perspective Mina Crypto is still down significantly from its all time high of $6.67 (roughly 85%). But, the last few weeks for Mina Crypto and the entire blockchain markets have been surprisingly fruitful in terms of bullish price action.

Since the Terra Luna crash on the 12th May Mina protocol has been consolidating sideways for roughly 91 days within the ascending channel pattern. The weekly time frame also reflects bullish price action as we print 4 consecutive green weekly candles on the charts.

Mina Crypto Resistance Levels

Mina/Usdt – Daily Time Frame. 

Mina Crypto has now flipped $0.80 into a key level of support but must now try to push through the $0.99 resistance level. We can also see that Mina Crypto is quite overextended on its 20-day moving average and is also currently overbought on the relative strength index.

This reflects that we may see a short term pull back here for Mina Crypto, the first level of support I think we could see a small retracement to as the top of the ascending channel at $0.89. I would then speculate we would see continuation to the upside once again. The $0.89 support level also aligns with the 0.236 Fibonacci retracement level.

Mina Crypto Bull Flag

Mina/Usdt – 30 Minute Time Frame.

It is also worth noting that following a double bottom reversal pattern Mina Crypto is forming a bull flag on the 30 minute time frame. If we see a breakout to the upside here we could potentially see a 6.86% increase in price. The technical target for this move would be around $1.059.

The bearish scenario is that we lose support of the bull flag at $0.97 and retrace down to the $0.89 support level at the top of the ascending channel. If the bulls can maintain control for Mina Crypto I would be keen to see the price exceed $1 in the next few days.

Mina Crypto Video Analysis

Coinmarketcap states that Mina Crypto is ranked #74 amongst other cryptocurrencies and currently trading with a $612 million market capital. The previous market capital all time high for Mina Crypto was $1.71b which is a 3x from current price levels.

If Mina Crypto can gain enough valuable protocol upgrades and traction through the bear market we could still see a 5-10x in price by the next crypto bull run.

What is Mina Protocol?

Mina Protocol describes themselves as the world’s lightest blockchain, powered by participants. Mina Protocol uses zero knowledge technology where they can create infrastructure for a democratic future for people of the earth. The core goal of Mina Protocol is that they build the privacy and security layer for web3.

Another core element of Mina Protocol is that the blockchain is built to run DApps more efficiently. In addition to this, Mina Protocol is extremely balanced in terms of its internal security. Another amazing attribute of Mina Protocol is that the Mina network is just 22kb, compared to the ginormous size of the Bitcoin network at a whopping 300gb.

It is important to also mention that Mina Protocol uses Zero-Knowledge technology in the background which is a cryptographic proof that allows users to authenticate data without revealing sensitive information.

Residing in the heart of Mina Protocol is the native coin known as MINA. This performs as the utility coin and is the medium of exchange.

Mina Protocol is still quite a young project with strong long-term growth potential. If you are keen to potentially look at adding Mina to your portfolio you can visit Binance.

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