The popular cryptocurrency Mina (MINA) has signaled a return by rising nearly 15 percent in the last two days.
The cryptocurrency market left behind a quiet weekend. Over the past two days, many altcoins have maintained price stability.
There were also upward movements from some altcoins over the weekend. In particular, MINA achieved a 15 percent increase with the strength it received from the support point on November 18. MINA, for which expectations were quite high, signaled a return to 1 dollar.
Mina (MINA) chart: Will there be a rise?
Mina (MINA), which was introduced as the world’s lightest blockchain and attracted intense attention, could not achieve the expected launch. MINA could not sustain above $1 and attracted reactions. The popular cryptocurrency could not exceed $1 in the last bull rally. But it doesn’t look like things are over for MINA yet.
Price volatility dropped in the crypto market over the weekend. The crypto market, where bullish expectations are increasing day by day, left behind a quiet weekend. However, MINA managed to attract buyers from the support zone on November 18 and started to rise. MINA price reached $0.66 with an increase of nearly 15 percent in the last two days.
MINA, which broke out and remained above the $ 0.6464 support, targets the $ 0.76 level it created on November 9. If this zone is exceeded, the journey to $1 may intensify for MINA.
Looking at the MINA chart, it is seen that the price rose with strength from an important support point and the rise received a reaction from the resistance area. MINA started to rise from the $0.6464 support and was rejected from the $0.6709 resistance. If permanence is achieved within this region, MINA’s rise may continue. However, MINA started to retreat towards the $0.6464 support. A new support from this area could enable the price to retest $0.6709. If the market remains positive, MINA could break $0.6709 and rise sharply to $0.7016. The appetite of the bulls will determine the price as MINA tests the $0.7016 resistance. If the $0.7016 resistance is broken, the price may rise to $0.7575 in a short time. In MINA’s potential rise to $1, $0.7575 stands out as a major resistance point. Another resistance point will be the $0.80 and $0.90 areas. Breaking all these zones could trigger $1.
On the other hand, MINA may push the $0.6464 support as sellers dominate. If this support zone is broken during the day, the decline for MINA may become sharper. MINA’s next support point will be $0.6322. If the $0.6322 support is lost, the trend support for MINA at $0.6052 could come to the fore. If all support points are broken, the major support point at $0.5847 will be vital for MINA. This support point can play a critical role in keeping the price in the uptrend.
