Mina Price Prediction: Will MINA Touch the $0.5 Mark Soon?

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Mina (MINA) token price action has been on a stealth downtrend since late May, oscillating between two descending trendlines.

Volatility seems to be reducing, evidenced by the two trendlines (see below) heading for convergence. This spells bullishness as it defines a falling wedge pattern, likely to spout into a bullish breakout.

Meanwhile, the Mina token features among the top eight crypto gainers on CoinMarketCap, after rising more than 5% in the last 24 hours. It follows on the heels of the likes of Trust Wallet Token (TWT) and Aave (AAVE), which are up 13% and 10% respectively.

Top Daily Crypto Gainers | 5/10/23

1- #TrustWallet $TWT
2- #Aave $AAVE
3- #Mina $MINA
4- #Avalanche $AVAX
5- #RenderNetwork $RNDR

Source: @CoinMarketCap pic.twitter.com/o6VSWCpJ3K

— Sjuul | AltCryptoGems (@AltCryptoGems) October 5, 2023

With this outlook, MINA token continues to solidify its position among the crypto top 100 at position #82 at the time of writing.

https://t.co/t6kVcSK6IH

Crypto market:$TWT +8.51% 📈$AAVE +7.89% 📈$MINA +4.3% 📈$AVAX +3.59% 📈$XRD -6.57% 📉$GALA -3.86% 📉#TWT #AAVE #MINA #AVAX #XRD #GALA #Bitcoin #Ethereum #crypto #NFT #META #web3 pic.twitter.com/TfJVBGN0cT

— CryptoTreeMap (@CryptoTreeMap) October 5, 2023

Mina Price Prognosis As The Falling Wedge Fills Up

With reducing volatility, Mina price could record a big move soon as the falling wedge pattern fills up. This technical formation forecasts an impending bullish breakout that executes as a trend reversal.

The southward direction of the Relative Strength Index (RSI) in this case is just as important in predicting the next move as its position above the 50 mark. Notice that this momentum indicator continues to sustain above the midline, confirmed by the break below and recovery above.

With this, it is likely that it will record another bounce to go north, bringing the Mina price with it on the back of rising momentum. Confirm this by a break and close above the 50-day Exponential Moving Average (EMA) at $0.392.

Above the aforementioned level, Mina price could test the 100-day EMA at $0.427. A flip of this ceiling into a support level would increase the odds for a rise to test the $0.500 psychological level. This would be the level to beat for a confirmed uptrend as it constitutes the supplier zone, where aggressive selling is expected. Flipping it into a bullish breaker could set the tone for MINA to test the 200-day EMA at $0.506. Such a move would constitute a 20% climb from current levels.

The position of the Awesome Oscillator (AO) indicator in the positive zone supports this hypothesis, suggesting bulls are currently in the driver’s seat.

On the flipside…

The RSI direction and the fact that it looks likely to cut below the signal line (yellow) band could provoke the hands of sellers. The ensuing selling pressure could see Mina price extend towards the lower trendline at $0.362, with a daily candlestick close below this level invalidating the bullish thesis. The next possible target for MINA would be the $0.353 range low, almost 10% below current levels.

Meanwhile, there is another token you may want to consider called, BTCMTX. It’s new in the market but already making strides. It is a new Bitcoin (BTC) cloud mining crypto in the presale stage but set to launch soon.

MINA Alternative

Bitcoin Minetrix (BTCMTX) is a new project in the crypto market touted as a stake-to-mine ecosystem. As the adjective suggests, the project helps you mine Bitcoin. Wondering how? By operating as a tokenized cloud-mining platform where users can engage in BTC mining in a decentralized manner.

Notably, both security and transparency are upheld through project tokenization and the project has eliminated all risks relating to third-party cloud mining swindles. This is achieved by conferring control to the token holder.

Interested in #Bitcoin mining?⛏️

Cloud mining allows you to engage in #BitcoinMining by providing the opportunity to purchase or lease a portion of third-party mining operations. pic.twitter.com/N1GrupOC8f

— Bitcoinminetrix (@bitcoinminetrix) October 4, 2023

The Bitcoin Minetrix ecosystem has distinguished itself from its peers through its stake-to-mine ecosystem, BTCMTX, thereby leveraging the Ethereum smart contracts for security and decentralization when it comes to token allocation.

#BitcoinMinetrix – Unlike traditional cloud mining! 🪙

1️⃣ ERC-20 #Tokens instead of traditional money
2️⃣ Full control
3️⃣ #Ethereum smart contracts ensure secure, decentralized allocations

Experience cloud mining like never before! ⛏️ pic.twitter.com/BkQjeyqt5D

— Bitcoinminetrix (@bitcoinminetrix) October 4, 2023

Investors and traders looking to diversify their portfolios should probably consider BTCMTX, as it offers a wide range of income-earning opportunities. The simplest, buy BTCMTX, stake it, and earn credits. Then use these credits to mine Bitcoin.

The stake-to-mine concept is an innovative idea 💡

Making #Bitcoin mining achievable for all #Crypto enthusiasts and here's why.

Users of #BitcoinMinetrix require nothing more than an Ethereum-compatible wallet, such as #MetaMask, making things incredibly straightforward. pic.twitter.com/XTNKtrJn9R

— Bitcoinminetrix (@bitcoinminetrix) September 29, 2023

The project is in the presale stage, with more than $515,000 already in the bank, which is almost 30% of the $3.08 million soft cap. Interested investors can buy one BTCMTX token for $0.011, with Ethereum (ETH), Tether (USDT), and bank card acceptable at the purchase dashboard.

The entry process is also simple, just as much as the dashboard is also easy to navigate. Follow a seamless step-by-step process until you finally have your tokens in your account. Simply put, there is absolutely no technical knowledge or expertise required to operate.

Intrigued by #BitcoinMinetrix?

Unlocking the world of $BTC mining, hassle-free and without the need for specialized gear or technical know-how.

Simplified like never before. 🚀 pic.twitter.com/Kkrgr5m1xj

— Bitcoinminetrix (@bitcoinminetrix) October 1, 2023

As the presale tokens are selling out first, now is probably the best time to join the Bitcoin Minetrix community. Do not miss out on this opportunity to own BTC.

Visit Bitcoin Minetrix here.