đš Is $MINA heading for a breakdown or breakout? đȘ
$MINA has been trading sideways for a while now, currently hovering around $0.418. The 7-day moving average is sitting just above the price at $0.423, forming a resistance thatâs proving difficult to break. The 99-day MA is also looming overhead at $0.434, adding extra pressure on any upward momentum.
Looking at the MACD, things arenât looking too bright. The histogram is in the negative zone, and both signal lines are showing weakness with little bullish divergence. Volume has been relatively low, which suggests a lack of strong buying interest. If $$MINA anât break above the $0.43 resistance, we might see a drop back toward the $0.38 support level.
That being said, the overall market could shift quickly. Watch for a volume spike that could drive prices up, but for now, the odds seem to favor the bears. Keep your guard up, as volatility might take over soon.
