Mina Price Surges by 20%, Trading Volume Up by 135%
The Mina price is currently trading at $1.35, up by 20% in the last 24 hours, while its trading volume rose by 135% to $248 million. With a 57.5% price surge over the past week, Mina has outperformed the overall global cryptocurrency market performance, which has only seen a 2.1% increase. Additionally, Mina is also outpacing similar cryptocurrencies within FTX Holdings, which have registered a 3.8% gain.
Mina Price: Bulls Break Above Rising Channel
Mina has been on a gradual uptrend within an ascending channel as bulls push the price up from the $0.39 support level. Technical indicators paint a more bullish picture, with the relative strength index (RSI) rebounding from the neutral 50 levels and trading at 80, signaling intense buying pressure. The 50-day and 200-day Simple Moving Averages (SMAs) are trading below the price, further supporting the bullish momentum.
Mina Price Bulls Target New Highs Above Rising Channel
Mina shows a sustained bullish momentum as bulls target new highs before 2023 ends. Bulls could aim for the May 2022 high of $2.15 in the first quarter of 2024 if the momentum sustains. However, with high volatility, bears could intervene and push the price downwards, forcing the bulls to retreat to the $1.05 support zone, coinciding with the upper boundary of the rising channel.
Last Chance, YPRED Raises $5.8 Million
yPredict (YPRED) presale has garnered $5.8 million, racing to its $6.5 million target. This marks the eighth and final presale stage before the tokenβs launch on major exchanges. As a cutting-edge platform, yPredict offers traders convenient access to sophisticated insights through AI models that generate precise trading signals. YPRED is structured with a listing market capitalization of just $6.5 million, creating ample space for future growth.
Hot Take
Minaβs price surge indicates a bullish momentum, targeting new highs before the year ends. Meanwhile, YPRED’s presale success highlights growing investor interest in AI cryptos, signaling a potential shift in the market. With experienced analysts and experts noting YPRED’s potential, the token is expected to gain significant attention and market value in the coming months.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
