MINA Crypto Price Forecast: Will Mina Price Reach $5 Level?

• 1 MINA price prediction instils confidence in the coming sessions.
• 2 MINA crypto broke above the key moving averages showcasing bulls’ dominance.
• 3 Price is bouncing back from the lower levels and analysts are also bullish on the crypto.

Mina’s price forecast shows a bounce back from the lower levels and bullishness on the daily charts. Mina halted near the value of $1.690 in the starting week of January 24 and from there, it took support and bounced from $0.943.

MINA price prediction suggests that the crypto is ready for an uptrend after breaking out of the bears’ stronghold. The price is trading beyond the essential EMAs on the daily time frame. The volume inclined slightly, which indicates a rise in buying and selling activity.

If the price receives the bull’s support at the current level, it can see a spike near the price of $5 within the next few weeks whereas the immediate support level for the crypto is below around $1.00. The price momentum is relevantly more balanced for crypto than other major cryptocurrencies.

The buyers have an adequate probability of attaining the expected target if they can sustain the price above the upper price bands which would put the anticipated outcomes in the buyers’ favor.

MINA crypto has steadily seen its crypto price surge for the past three months, gaining 101% and 11.28% in the last week. Currently, Mina crypto has been trying to hold on to this level after an unexpected surge in price.

If it can stay at this level, the MINA price could continue to go up and reach the first and second targets of $1.337 and $1.695 respectively. However, if the Mina price cannot maintain this level and falls, then it might hit the closest support levels of $0.947 and $0.791.

Technical Evaluation of MINA Crypto Price in 1-D Time Frame

Source: Tradingview

The present value of Mina is $1.165 and it has a market capitalization of around $1.75 Million (press time). Currently, the price is trading above the 50 and 200-Day DMAs (Daily moving averages), which are supporting the price momentum.

MINA price has been trading at a bullish pace for the past few days. After making a breakout Mina crypto price has been finding consistent support from the buyers from the lower trendline. Observing the historical price action, it can be estimated that the 200-Day EMA level has been acting as a crucial support for it.

The current value of RSI is 52 points. The 14 SMA is above the median line at 46 points which indicates that the MINA crypto is bullish.

The MACD line at -0.010 and the signal line at -0.012 are close to the zero line. A bullish crossover is observed in the MACD indicator which signals bullishness in the momentum of the Mina cryptoprice.

Summary

MINA crypto technical oscillators support the bullish trend. The MACD, RSI, and EMAs are giving positive signs and imply that the uptrend may continue in the Mina crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action mirrors a positive viewpoint at the current moment. Nevertheless, investors and traders should stay for an appropriate setup for the subsequent move and avoid FOMO.

Technical Levels

Support Levels: $0.947 and $0.791.

Resistance Levels: $1.337 and $1.695.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions

Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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