The price of blockchain project Mina has seen significant gains recently, sparking interest among traders. According to data, Mina has spiked 10% today and 36% over the last 7 days to reach $0.82. Technical analysts are pointing to bullish signals that suggest there is room left for the rally.
Breaking Falling Wedge Pattern
According to a respected Twitter account World of Charts, Mina is currently running at a 33% profit towards key price targets after breaking out from a falling wedge pattern at $0.67. Their analysis suggests Mina could reach $1.0 in the near future.
Retracement Before Next Leg-Up
Twitter account Pro Crypto Signals also posted a bullish outlook, stating Mina broke through key 4H resistance which opens the way for a +35% move. They expect a brief pullback and retracement to $0.76, before the next major upward move to $1.0.
Finally, analyst channel The Mina Report noted Mina just achieved its highest daily close across major exchanges since April. With resistance cleared, this adds momentum that could power further upside.
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So in summary, based on technical factors several expert analysts see the Mina price continuing its strong surge after consolidating for months below $1.00. Current holders appear to be in profit, while new traders looking to ride the upside may consider waiting for a retracement below $0.82 to enter. Upside price targets remain around $1.00 for now.
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