The Minu price climbed 7% in the last 24 hours to trade at $0.0000002240 as of 03:56 a.m. EST on trading volume that skyrocketed 40% to $1.3 million.
Minu Price Set For A Rebound Over The Rectangle Pattern
MINUUSD Chart Analysis Source: GeckoTerminal.com
The Minu price dropped from the $0.0000004220 resistance zone at the end of June, as the bulls retreated to the $0.0000002354 support zone, according to data from GeckoTerminal.
The price of Minu has since been moving between horizontal support and resistance levels, as the bulls search for a breakout above the rectangle pattern.
MINU price trades slightly below both the 50-day and 200-day Simple Moving Averages (SMAs), but still within the rectangle. The two SMAs offer immediate resistance zones at $0.0000002263 and $0.0000002569, respectively.
The Relative Strength Index (RSI) is also trading up towards the 70-overbought region, currently at 56, an indication that buyers are currently buying but still within the equilibrium phase.
There is a bullish crossover as the Moving Average Convergence Divergence (MACD) line (blue) crosses above the signal line (orange), which may encourage the bulls to keep buying. This is further supported by the green bars extending above the neutral line, which shows that MINU is currently on positive momentum.
Minu Price Prediction
The Minu price analysis on the 1-hour chart shows that the bulls are set to push the price of Minu over the rectangle, as they target $0.0000004266.
However, in an inverse scenario, if the price breaks below the rectangle pattern at $0.0000001986, the bears may push MINU to the next support level at $0.0000001824.
Meanwhile, as the Minu price bulls look for better buying points, gaming enthusiasts are piling into the Mega Dice (DICE) presale, a project that is set to be the first GambleFi project on the Solana blockchain.
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