$MINA Selling pressure is gradually easing—is there still room for the rebound?
On the daily chart, the price is currently recovering after a sharp drop, followed by a rally that may be used to distribute holdings. This rebound suggests that most long positions have already capitulated and exited, while fresh buying momentum is once again driving the price up.
For now, watch the 0.09–0.095 resistance zone. If the price breaks through it on strong volume and holds above it, the next level to watch is around 0.115.
Overall, after a wave of selling pressure, the market may still have room to rise. However, whether the rebound can continue depends on trading volume and buying support. Don’t chase the price blindly.👇👇
On the daily chart, the price is currently recovering after a sharp drop, followed by a rally that may be used to distribute holdings. This rebound suggests that most long positions have already capitulated and exited, while fresh buying momentum is once again driving the price up.
For now, watch the 0.09–0.095 resistance zone. If the price breaks through it on strong volume and holds above it, the next level to watch is around 0.115.
Overall, after a wave of selling pressure, the market may still have room to rise. However, whether the rebound can continue depends on trading volume and buying support. Don’t chase the price blindly.👇👇