The popular cryptocurrency Mina (MINA) is stuck at the resistance point after its sharp rise during the day.
Mina, the world’s lightest blockchain, experienced a prominent rise during the day. MINA witnessed a sharp increase of nearly 15 percent in the last 24 hours.
The rise experienced by MINA has revealed the potential of 1 dollar again. However, MINA suffered a rejection from the major resistance point located in the $0.7575 region. MINA is trading in the $0.74 region.
Mina (MINA) chart: Will 1 dollar come?
Mina (MINA), which could not make the expected exit, could not accompany BTC’s rise with the ETF agenda. MINA could not exceed 1 dollar. On the other hand, while MINA was around $0.40 on October 22, it approached $0.75 during the day. The MINA community expects the popular cryptocurrency to reach $1.
Even though the market conditions seemed positive, BTC could not overcome the $38,000 resistance. BTC was rejected at $38,000 three times during the day.
While the crypto market awaits the approval of Bitcoin spot ETFs, BTC is trying to break through resistance points on its journey to $40,000. Considering the market conditions, MINA has the potential to reach the target on its journey to $1.
The popular cryptocurrency is focused on the $0.7575 resistance according to the chart. If MINA manages to overcome the $0.7575 resistance and persists above it, it may intensify its rise. MINA’s rise may reach $0.7750 in a short time. If MINA persists above $0.7750, it may form a strong structure to move towards the psychological resistance of $0.80. The most important resistance point in MINA’s journey to $1 is seen as $0.80. If this point is exceeded, resistances of $ 0.83 and $ 0.89 can be tested respectively. MINA’s final resistance point is at $0.96.
On the other hand, MINA has created a strong price chart from a broad perspective. MINA price may decline as market conditions change and selling pressure increases. The most important support point in front of MINA will be $0.7015. If this zone is broken, the price could retreat to $0.6750. MINA’s close buy zones will be $0.67 and $0.6625. According to the chart, MINA’s major support zone could be $0.5847. This zone can determine the bullish or bearish phases of the price.
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