Mina Protocol is Predicted to Reach $ 1.04 By Mar 02, 2023
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Mina Protocol is down -6.43% today against the US Dollar
- MINA/BTC decreased by -5.41% today
- MINA/ETH decreased by -4.54% today
- Mina Protocol is currently trading 12.53% below our prediction on Mar 02, 2023
- Mina Protocol gained 33.64% in the last month and is down -55.19% since 1 year ago
| Mina Protocol price | $ 0.907520 |
| Mina Protocol prediction | $ 1.04 (14.32%) |
| Sentiment | Bearish |
| Fear & Greed index | 52 (Neutral) |
| Key support levels | $ 0.929080, $ 0.904424, $ 0.873048 |
| Key resistance levels | $ 0.985111, $ 1.02, $ 1.04 |
MINA price is expected to rise by 14.32% in the next 5 days according to our Mina Protocol price prediction
Mina Protocol price today is trading at $ 0.907520 after losing -6.43% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -6.22% in the same time period. MINA performed poorly against BTC today and recorded a -5.41% loss against the world’s largest cryptocurrency.
According to our Mina Protocol price prediction, MINA is expected to reach a price of $ 1.04 by Mar 02, 2023. This would represent a 14.32% price increase for MINA in the next 5 days.
MINA Price Prediction Chart
What has been going on with Mina Protocol in the last 30 days
Mina Protocol has been displaying a positive trend recently, as the coin gained 33.64% in the last 30-days. The medium-term trend for Mina Protocol has been bullish, with MINA increasing by 59.97% in the last 3 months. The long-term picture for Mina Protocol has been negative, as MINA is currently displaying a -55.19% 1-year price change. On this day last year, MINA was trading at $ 2.03.
Mina Protocol reached its all-time high price on Nov 11, 2021, when the price of MINA peaked at $ 6.49. The current MINA cycle high is $ 1.23, while the cycle low is at $ 0.421875. MINA has been displaying high volatility recently – the 1-month volatility of the coin is at 15.95. Mina Protocol recorded 15 green days in the last 30 days.
Mina Protocol technical analysis for today - Feb 25, 2023
The sentiment in the Mina Protocol markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.929080, $ 0.904424 and $ 0.873048, while $ 0.985111, $ 1.02 and $ 1.04 are the key resistance levels.
Bearish sentiment for Mina Protocol
10 indicators are currently signaling a bullish prediction for Mina Protocol, while 17 indicators are showing a bearish forecast. With 63% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Mina Protocol.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 52 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Mina Protocol moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Mina Protocol is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.978304 (SELL) | $ 0.953736 (SELL) | - | - |
| MA5 | $ 0.997434 (SELL) | $ 0.975348 (SELL) | - | - |
| MA10 | $ 1.04 (SELL) | $ 0.997491 (SELL) | - | - |
| MA21 | $ 0.961840 (SELL) | $ 0.961493 (SELL) | $ 0.630514 (BUY) | $ 0.725307 (BUY) |
| MA50 | $ 0.757284 (BUY) | $ 0.823865 (BUY) | $ 0.954534 (SELL) | $ 1.07 (SELL) |
| MA100 | $ 0.637220 (BUY) | $ 0.725097 (BUY) | - | - |
| MA200 | $ 0.642124 (BUY) | $ 0.788063 (BUY) | - | - |
| Period | Value | Action |
| RSI (14) | 51.55 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 27.82 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 39.31 | SELL |
| Awesome Oscillator (5, 34) | 0.13 | NEUTRAL |
| Momentum (10) | -0.09 | SELL |
| MACD (12, 26) | -0.02 | NEUTRAL |
| Williams Percent Range (14) | -72.18 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 43.93 | NEUTRAL |
| VWMA (10) | 1.06 | SELL |
| Hull Moving Average (9) | 0.95 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.97 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Mina Protocol is at 51.55, suggesting that MINA is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Mina Protocol over the last 50 days. Currently, Mina Protocol is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the MINA closing price for the last 200 days. MINA is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Mina Protocol prediction
After considering the above factors, we can conclude that the current forecast for Mina Protocol price prediction is Bearish. MINA would have to increase by 14.32% to hit our $ 1.04 target within the next five days. Moving forward, it will be important to monitor the MINA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Mina Protocol price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
