The MINA token price is trading below the demand zone on a daily time frame.
The token is currently trading within a downward parallel channel.
MINA has failed previous year’s weak market despite a $92 million investment in mid-March 2022 to enhance the price of its native cryptocurrency. The year 2022 began with positive momentum, with MINA token reaching a high of $4.2 in January, but since then, the price has been steadily dropping, with resistance levels rejecting it. This is due to rising inflation and monetary policy changes in the United States and Europe. Investors are cautious to put their money at risk as a result of the uncertainty.
MINA token on the daily chart
Source: TradingView
Bears are in charge and are bringing the token’s price down. MINA is presently trading at $0.439 with a gain of 1.86% in the past 24 hours, which is close to the token’s all-time low, according to the daily chart. With lower highs and lower lows, the price is constantly falling. It is tradi
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