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The Mina Protocol token made a double top formation and revealed a sharp distribution.
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The technicals still depict a bearish outlook and suggest a volatile trend ahead.
The Mina Protocol (MINA) token price displayed a breakdown and breached the round mark $1, signifying a downtrend.
For the past few weeks, the token engaged in the lower low swings and lost over 25% of gains last month. Recent price action highlights the range bound price action, but buyers have to close and sustain above the 20 day EMA mark.
At press time, the Mina Protocol (MINA) price traded at $0.8527 with an intraday gain of 1.28%, reflecting neutrality on the charts. It has a monthly return ratio of -12.90% and 156.29% yearly.
The pair of MINA/BTC is at 0.0000124 BTC, and the market cap is $948.01 Million. Analysts are neutral and suggest that the MINA price may continue to hover in the downside region and signifies consolidation.
MINA Below $1 Mark: Can Bulls Lead
We współpracy z: https://www.thecoinrepublic.com/2024/05/26/mina-reveals-sharp-distribution-could-it-retain-1-mark-ahead/
