Due to the winding down of the Mina Protocol Community grants program Jan 2023, this website is no longer updated. Please follow @minacryptocom for the latest news.

Page Analysis – Market correction finished?

Last week with our MINA TA, we discussed that MINA looked to have chosen the bullish path at the crossroad. This week that direction was very much confirmed. Since our last MINA community post MINA is up a substantial 18%, reversing the recent price rot we have witnessed. The upturn is not solely MINA, rather the market has completed its September corrective move.

In the chart below, we can see that the total market cap saw an impulsive move from July to early September. Since then we have seen a corrective move which has now completed.

Figure – total market capitalization chart

click to view full size

MINA daily chart.

On the daily charts, the bounce we saw incoming last week has occurred. MINA has bounced off the blue (horizontal) & green (ascending) support zones. This has led to the +18% bounce MINA has seen in recent days. The +18% bounce is just the beginning as we expect MINA to surge in the coming days.

Recent positive price action will likely be dwarfed in the coming weeks as we have set the following targets:

TARGET ONE = $6.45 USD (+40%)
TARGET TWO = $8.25 USD (+79%)

Figure – MINA / USDT daily price chart

click to view full size

In Conclusion
Since last week little has changed from the short, medium and long term outlook; MINA is bullish. This article was for educational purposes only and is not financial advice. Be sure to check out our new website – https://pageanalysis.xyz

We are not qualified brokers/dealers, or investment advisors. This website and its associated content is not a service for the giving or receiving of financial or investment advice. None of the content constitutes – or should be understood as constituting – a recommendation to enter in any securities, cryptocurrency, or cryptoasset transactions or to engage in any of the investment strategies presented in my discussions or content provided. We do not provide personalised recommendations or views as to whether a stock, cryptocurrency, cryptoasset or investment approach is suited to the financial needs of a specific individual.

Leave a Reply