Why is MINA’s price down today? (19/02/2026)

Question

Accepted Answer

## TLDR
Mina is down 7.54% to $0.0627 in 24h, significantly underperforming a broadly weaker crypto market, primarily driven by a market-wide risk-off move amid extreme fear sentiment.

1. **Primary reason:** Broad market sell-off, with Mina showing high beta to Bitcoin's decline.
2. **Secondary reasons:** No clear coin-specific catalyst was visible; the drop is exacerbated by oversold technical momentum.
3. **Near-term market outlook:** If MINA holds the $0.0624 swing low, a relief bounce toward $0.0633 is possible; a breakdown risks extending the downtrend toward the $0.0600 psychological zone.

## Deep Dive
### 1. Market-Wide Risk-Off Pressure
**Overview:** The entire crypto market cap fell 1.48% to $2.29T, with Bitcoin down 1.35%. Mina's larger drop (~5.6x BTC's move) indicates it acted as a high-beta asset during a risk-off shift, amplified by the CMC Fear & Greed Index reading "Extreme Fear" at 11.

**What it means:** Mina is being sold as part of a broader de-risking move, not due to a unique failure.

### 2. Oversold Technical Momentum
**Overview:** The sell-off pushed Mina's 7-day RSI to 20.53, deep into oversold territory. Price is testing the recent swing low support at $0.062393, with volume up 15.2%, confirming the downward pressure.

**What it means:** While not a cause, the extreme oversold condition and test of a key level explain the move's intensity and could precede a short-term bounce.

**Watch for:** A bullish divergence on the RSI, where price makes a lower low but RSI forms a higher low, signaling weakening selling momentum.

### 3. Near-term Market Outlook
**Overview:** The immediate trigger is whether the $0.0624 support holds. If it does, a rebound toward the 7-day Simple Moving Average at $0.0633 is the base case. A break below support invalidates this and opens a path toward $0.0600.

**What it means:** The trend remains bearish, but markets are prone to sharp reversals when this oversold.

**Watch for:** A daily close below $0.0624 to confirm continuation of the downtrend.

## Conclusion
**Market Outlook: Bearish Pressure**
Mina's decline is a symptom of broad market weakness, compounded by its own oversold technical state.
**Key watch:** Can Mina defend the $0.0624 level, or will it break to new lows, inviting further capitulation?

Latest Mina (MINA) Price Analysis

Deep Dive

1. Market-Wide Risk-Off Pressure

2. Oversold Technical Momentum

3. Near-term Market Outlook

Conclusion

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