MINA is showing continued bearish pressure on the 30-minute chart, with price currently around $0.0788 after a sharp decline from the $0.0840 region. The recent price action suggests that sellers remain active, while the recovery attempts have struggled to establish a convincing bullish structure. Price is consolidating below the marked supply zone around $0.0826–$0.0837, an area that could act as resistance if the market moves higher to retest it.
My current projection favors a possible retracement into this supply zone before another bearish move develops. If sellers defend the zone and price fails to reclaim it, MINA could continue lower toward the recent swing lows around $0.0750–$0.0760, with further downside possible if selling pressure accelerates. However, this remains a technical scenario, not a confirmed outcome. A strong breakout and sustained trading above the supply zone would weaken the bearish outlook.
The key is to watch how price reacts at resistance rather than chase the move in the middle of consolidation. Patience and confirmation remain essential in a volatile market.
#BTC Price Analysis# #Macro Insights# $MINA $BTC
My current projection favors a possible retracement into this supply zone before another bearish move develops. If sellers defend the zone and price fails to reclaim it, MINA could continue lower toward the recent swing lows around $0.0750–$0.0760, with further downside possible if selling pressure accelerates. However, this remains a technical scenario, not a confirmed outcome. A strong breakout and sustained trading above the supply zone would weaken the bearish outlook.
The key is to watch how price reacts at resistance rather than chase the move in the middle of consolidation. Patience and confirmation remain essential in a volatile market.
#BTC Price Analysis# #Macro Insights# $MINA $BTC