search icon
      blog search icon

      MINA – Where will it move Now? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 8, 2021

      5:47 PM UTC

      MINA – Where will it move Now? - Stocks Telegraph

      According to coinmarketcap, the total supply of MINA is around 824M coins and around 315M coins are in circulation at the moment. It holds the 86th rank according to market cap and has a market dominance of about 0.05%.

      At the time of writing the coin is being traded at the price of $3.71 with a decrease of almost 9.70% in the last 24 hours. The maximum and minimum today are $4.15 and $3.70 respectively. The daily trading volume has also decreased by almost 33.72%. MINA had created its ATH in November 2021 and reached a price of almost $6.674. The price later dropped down to a price of almost $4.547 and the monthly candle closed there. Since then the price has shown reversal and has been on the same trajectory since then. This month alone, we have seen a decrease of about 17.64% in the price.

      Technical Analysis

      On the daily time frame, we can see that the price had a drop from where it started to range for some weeks. It can be seen that soon after, the price went up to mitigate the order block. In this move, it grabbed the liquidity above as well by creating a new all-time high. After touching it, the price dropped down hard and made lower lows.

      Now a point of interest is the daily order block that is lying below, MINA has mitigated this level a few days back and has bounced from there. We can expect the price to reach the middle of the triggering order block, from where we can expect a reaction. It would most probably drop the price down and would touch the order block again as a test.

      MINA -1D

      When the price would touch the lower order block, we can look for a possible entry. This can be a long or a short depending on additional confluences. This 1D order block is very important and MINA should hold this level if it doesn’t want to fall even more.

      Price Prediction – Mina

      According to the traders, MINA is a good investment and is providing a great return. They think that soon MINA would be valued much more. On the other hand wallet investor considers MINA to be a bad investment and according to them, MINA would reach a value of  $0.696 in a single year.

      More From Stocks telegraph