MINA SLIPS THROUGH CRITICAL SUPPORT 📉⚡
The $MINA contract fractured through the $0.10225 mid‑range order block early in the session, thrusting the price toward the $0.09002 support cluster and locking in a 19.6% 24‑hour decline 📉. On‑chain and futures volume surged past $118 M, a clear sign that macro‑funds are reallocating capital away from risk‑on altcoins and accelerating the down‑momentum. The breach erased the bullish bias that held since the last rally, leaving sellers in control of the order flow.
Current price action tests the $0.0895 zone, a thin liquidity pocket that has absorbed several waves of sell pressure. With each failed bounce the order block beneath is thinning, suggesting the move may be more than a routine correction and edging toward a structural breakdown. Momentum indicators point to a rapid deceleration, but the lack of buying at the next demand level keeps the downside bias intact ⏬.
Levels to monitor:
Watching support around $0.0895
Structure suggests resistance near $0.1144
Mid range area: $0.1023
DYOR
Follow for Updates
#MINA #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The $MINA contract fractured through the $0.10225 mid‑range order block early in the session, thrusting the price toward the $0.09002 support cluster and locking in a 19.6% 24‑hour decline 📉. On‑chain and futures volume surged past $118 M, a clear sign that macro‑funds are reallocating capital away from risk‑on altcoins and accelerating the down‑momentum. The breach erased the bullish bias that held since the last rally, leaving sellers in control of the order flow.
Current price action tests the $0.0895 zone, a thin liquidity pocket that has absorbed several waves of sell pressure. With each failed bounce the order block beneath is thinning, suggesting the move may be more than a routine correction and edging toward a structural breakdown. Momentum indicators point to a rapid deceleration, but the lack of buying at the next demand level keeps the downside bias intact ⏬.
Levels to monitor:
Watching support around $0.0895
Structure suggests resistance near $0.1144
Mid range area: $0.1023
DYOR
Follow for Updates
#MINA #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare