Mina Protocol (MINA) Price Prediction 2022
Mina Protocol (MINA) holds the 91st position on CoinGecko right now. MINA price prediction 2022 explained below with a daily time frame.
A rounding bottom, a chart pattern used in technical analysis and identified by a series of price movements that graphically form the shape of a “U”. Rounding bottoms, found at the end of extended downward trends and signify a reversal in long-term price movements.
More so, a rounding bottom chart can be divided into several main areas. First, the prior trend shows the buildup to the stock’s initial descent toward its low. The rounding bottom breaks out of its low point when the stock price closes above the price immediately prior to the start of the initial decline.
Currently, Mina Protocol (MINA) is at $0.910. If the pattern continues, the price of MINA might reach the resistance level of $2.218.
Mina Protocol (MINA) Support and Resistance Levels
The chart below shows the support and resistance levels of MINA.
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of MINA.
Resistance Level 1 $1.004
Resistance Level 2 $1.620
Resistance Level 3 $3.249
Resistance Level 4 $5.586
Support Level 1 $0.569
MINA Resistance & Support Level
The charts show that MINA has performed a bullish trend over the past month. If this trend continues, MINA might run along with the bulls overtaking its resistance level at $5.586.
Accordingly, if the investors turn against the crypto, the price of the MINA might plummet to almost $0.569, a bearish signal.
Mina Protocol (MINA) holds the 91st position on CoinGecko right now. MINA price prediction 2022 explained below with a daily time frame.
A rounding bottom, a chart pattern used in technical analysis and identified by a series of price movements that graphically form the shape of a “U”. Rounding bottoms, found at the end of extended downward trends and signify a reversal in long-term price movements.
More so, a rounding bottom chart can be divided into several main areas. First, the prior trend shows the buildup to the stock’s initial descent toward its low. The rounding bottom breaks out of its low point when the stock price closes above the price immediately prior to the start of the initial decline.
Currently, Mina Protocol (MINA) is at $0.910. If the pattern continues, the price of MINA might reach the resistance level of $2.218.
Mina Protocol (MINA) Support and Resistance Levels
The chart below shows the support and resistance levels of MINA.
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of MINA.
Resistance Level 1 $1.004
Resistance Level 2 $1.620
Resistance Level 3 $3.249
Resistance Level 4 $5.586
Support Level 1 $0.569
MINA Resistance & Support Level
The charts show that MINA has performed a bullish trend over the past month. If this trend continues, MINA might run along with the bulls overtaking its resistance level at $5.586.
Accordingly, if the investors turn against the crypto, the price of the MINA might plummet to almost $0.569, a bearish signal.
