In March, Mina coin saw a V-shaped recovery with a price action pole and flag pattern in the daily price chart.
MINA coin price is rising above the 0.5 Fibonacci retracement level; still, it is yet to break the 0.786 Fibonacci level (Bullish barrier).
There is no doubt that buyers have control over the MINA coin and the moving averages are the biggest paradigm of this. However, the crucial 20, 50, 100 and 200 EMAs are well below the live price.
During the bullish rally, the daily RSI is forming above the half-line (50-mark) and is currently looking in overbought territory.
The Average Directional Index is moving at 39-point, which indicates a strong bullish trend for the MINA coin.
Although MENA is under bullish consolidation, it remains below the 0.786 Fibonacci retracement level which could affect the directional trend. For more upside, the bulls need to break this barrier with massive trading volume for stability.
Resistance level- $4.0 and $6.4
Support level- $3.5 and $4.1
MINA coin price is rising above the 0.5 Fibonacci retracement level; still, it is yet to break the 0.786 Fibonacci level (Bullish barrier).
There is no doubt that buyers have control over the MINA coin and the moving averages are the biggest paradigm of this. However, the crucial 20, 50, 100 and 200 EMAs are well below the live price.
During the bullish rally, the daily RSI is forming above the half-line (50-mark) and is currently looking in overbought territory.
The Average Directional Index is moving at 39-point, which indicates a strong bullish trend for the MINA coin.
Although MENA is under bullish consolidation, it remains below the 0.786 Fibonacci retracement level which could affect the directional trend. For more upside, the bulls need to break this barrier with massive trading volume for stability.
Resistance level- $4.0 and $6.4
Support level- $3.5 and $4.1