Combined Price Action and Smart Money Analysis for MINAUSDT
1. Current situation: On all timeframes (1 hour, 4 hours, day) MINAUSDT shows signs of consolidation and a possible reversal. Key support at $0.5670 holds the price, indicating the accumulation of buying positions. The price is moving in a downward channel, but a reversal is likely upon breakout of resistance.
2. Support and resistance levels:
Support: $0.5670 (key), $0.5588.
Resistance: $0.5820, $0.6241. A breakout of these levels may confirm the beginning of an uptrend.
3. 12-hour forecast: A short-term rebound from $0.5670 is likely, with growth to $0.5820. A breakout to $0.6241 is possible with an increase in volume.
4. 2-3-day forecast: If the $0.5670 level holds, growth to $0.6241 and $0.6375 is likely. A breakout of support is possible, with a decline to $0.5588.
5. Investor sentiment: Investors are cautious due to the recent drop in MINA, but interest in the project may increase amid Mina Protocol updates and new partnerships.
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