【Old leek observations】
$MINA
Mina has recently returned to the market’s spotlight—it has just completed a fairly substantial mainnet upgrade.
Mina’s Mesa upgrade is now live:
Block time has been cut from 180 seconds to 90 seconds; zkApps can support more on-chain state and operations, and the nodes have also added the ability to automatically execute hard forks.
In simple terms, it means:
Faster, more capacity to “fit more things,” and future network upgrades should be less of a hassle.
But after the upgrade, the market didn’t keep pushing upward.
On September 22, MINA surged to around $0.16, then pulled back, and now it’s back around $0.14.
Only if, after the upgrade, ecosystem usage, the number of zkApps, and on-chain activity begin to truly grow will MINA have a chance to shift again from the “veteran ZK narrative” into a ZK infrastructure backed by real data.
On the other hand, if after the upgrade only the price moves and there’s no real usage growth, then this move looks more like capital rotation.
Also, today about 3.62 million MINA tokens are set to unlock—supply-side pressure is also weighing on the price.
Entry: $0.138–$0.145
Take profit: $0.150 / $0.158 / $0.168 / $0.180 / $0.200
Stop loss: $0.132
If it breaks below $0.132, we’ll set this structure aside first. After the stop loss, the trade ends immediately.
$MINA
Mina has recently returned to the market’s spotlight—it has just completed a fairly substantial mainnet upgrade.
Mina’s Mesa upgrade is now live:
Block time has been cut from 180 seconds to 90 seconds; zkApps can support more on-chain state and operations, and the nodes have also added the ability to automatically execute hard forks.
In simple terms, it means:
Faster, more capacity to “fit more things,” and future network upgrades should be less of a hassle.
But after the upgrade, the market didn’t keep pushing upward.
On September 22, MINA surged to around $0.16, then pulled back, and now it’s back around $0.14.
Only if, after the upgrade, ecosystem usage, the number of zkApps, and on-chain activity begin to truly grow will MINA have a chance to shift again from the “veteran ZK narrative” into a ZK infrastructure backed by real data.
On the other hand, if after the upgrade only the price moves and there’s no real usage growth, then this move looks more like capital rotation.
Also, today about 3.62 million MINA tokens are set to unlock—supply-side pressure is also weighing on the price.
Entry: $0.138–$0.145
Take profit: $0.150 / $0.158 / $0.168 / $0.180 / $0.200
Stop loss: $0.132
If it breaks below $0.132, we’ll set this structure aside first. After the stop loss, the trade ends immediately.