MINA PLUNGES THROUGH CRITICAL SUPPORT 📉⚠️
A swift 17.35% slide has ripped $MINA back to $0.08157, erasing the bullish momentum that built after the $0.099 high. The 4‑hour order block around $0.090‑$0.094 was breached with aggressive sell‑side volume, suggesting institutions are off‑loading exposure. Momentum oscillators have turned sharply negative, reinforcing the pressure on the down‑trend. 📉
Current price is probing the $0.07952 support zone, a level that has held since the last swing. Trade flow shows the bid side thinning, and each retest is eating into the order‑block depth, hinting at a structural breach rather than a clean correction. If buying does not materialize soon, the market may slide deeper toward the $0.074‑$0.075 corridor, while the $0.08925 mid‑range remains a potential pivot if volume re‑accumulates. ⚠️
Above $0.09888 lies the next resistance cluster, a ceiling that previously forced a bounce. With the price now well below that barrier, the risk of a prolonged down‑trend outweighs any short‑term bounce. The confluence of a breached order block, dwindling volume, and bearish divergence points to a structural weakness that could persist unless a fresh accumulation wave re‑asserts $MINA’s baseline. 📊
Levels to monitor:
Watching support around $0.0795
Structure suggests resistance near $0.0990
Mid range area: $0.0893
DYOR
Follow for Updates
#MINA #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
A swift 17.35% slide has ripped $MINA back to $0.08157, erasing the bullish momentum that built after the $0.099 high. The 4‑hour order block around $0.090‑$0.094 was breached with aggressive sell‑side volume, suggesting institutions are off‑loading exposure. Momentum oscillators have turned sharply negative, reinforcing the pressure on the down‑trend. 📉
Current price is probing the $0.07952 support zone, a level that has held since the last swing. Trade flow shows the bid side thinning, and each retest is eating into the order‑block depth, hinting at a structural breach rather than a clean correction. If buying does not materialize soon, the market may slide deeper toward the $0.074‑$0.075 corridor, while the $0.08925 mid‑range remains a potential pivot if volume re‑accumulates. ⚠️
Above $0.09888 lies the next resistance cluster, a ceiling that previously forced a bounce. With the price now well below that barrier, the risk of a prolonged down‑trend outweighs any short‑term bounce. The confluence of a breached order block, dwindling volume, and bearish divergence points to a structural weakness that could persist unless a fresh accumulation wave re‑asserts $MINA’s baseline. 📊
Levels to monitor:
Watching support around $0.0795
Structure suggests resistance near $0.0990
Mid range area: $0.0893
DYOR
Follow for Updates
#MINA #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare