MINA SLIDES INTO BREACH, MOMENTUM EVAPORATES šā”
The 24āhour plunge to $0.10468 marks a 22.97% slide, ripping through the $0.12023 midārange and tearing a clean hole through the $0.13664 resistance cluster š. Heavy orderāblock busts on the 1āhour chart forced $MINA below the $0.10365 support zone, while volume surged past $70āÆM, signaling aggressive macroāfund outflows from the altācoin pool. Momentum indicators have turned sharply negative, suggesting the bearish wave is still accelerating ā”.
With the primary demand bucket compromised, $MINA now tests a thin liquidity wall around $0.10365. The lack of a higherātime bullish order block hints at a structural weakness rather than a routine correction. If buying pressure fails to reāestablish a foothold, the price could cascade toward the next swing low near $0.0970. Conversely, a modest rebound above the breached zone might stabilize the market and set the stage for a retest of the $0.12023 midārange, but the odds remain tilted toward further downside.
Levels to monitor:
Watching support around $0.10365
Structure suggests resistance near $0.13664
Mid range area: $0.12023
DYOR
Follow for Updates
#MINA #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The 24āhour plunge to $0.10468 marks a 22.97% slide, ripping through the $0.12023 midārange and tearing a clean hole through the $0.13664 resistance cluster š. Heavy orderāblock busts on the 1āhour chart forced $MINA below the $0.10365 support zone, while volume surged past $70āÆM, signaling aggressive macroāfund outflows from the altācoin pool. Momentum indicators have turned sharply negative, suggesting the bearish wave is still accelerating ā”.
With the primary demand bucket compromised, $MINA now tests a thin liquidity wall around $0.10365. The lack of a higherātime bullish order block hints at a structural weakness rather than a routine correction. If buying pressure fails to reāestablish a foothold, the price could cascade toward the next swing low near $0.0970. Conversely, a modest rebound above the breached zone might stabilize the market and set the stage for a retest of the $0.12023 midārange, but the odds remain tilted toward further downside.
Levels to monitor:
Watching support around $0.10365
Structure suggests resistance near $0.13664
Mid range area: $0.12023
DYOR
Follow for Updates
#MINA #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare