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<ul class="news-points"> 
 <li>MINA and STX traded at a premium on Coinbase slightly higher than on Binance.</li> 
 <li>STX faced rejection at $1.70 and found support at $1.44.</li> 
 <li>MINA’s ROC showed that the decelerating momentum might soon stop.</li> 
</ul> 
Riyad Carey, a research specialist at Kaiko, argued that <a href="https://coinedition.com/stacks-stx-rises-40-becomes-top-gainer-out-of-top-50-coins/">Stacks (STX)</a> and Mina (MINA) have been showing clear signs that liquidity has not caught up with their respective price action on December 27.&nbsp; 
In his post on X, Carey considered MINA and STX’s spot trades on Coinbase and Binance before coming to his conclusion. According to the analyst, MINA experienced $1.8 million worth of buying on Binance after the trading floor opened around 5:43 pm UTC.&nbsp; 
<h2 class="wp-block-heading" id="h-bid-depth-outstrips-ask-depth">Bid Depth Outstrips Ask Depth</h2> 
On Coinbase, the bid depth was about $1.3 million after buying began a few minutes after Binance. Per the ask depth, <a href="https://twitter.com/riyad_carey/status/1739809529171226943" target="_blank" rel="nofollow">Kaiko data</a> showed that it could not match up to the bid with around $12,000 on Binance, and between $10,000 and $20,000 on Coinbase. 
Carey also showed that the price of MINA began trading at a premium on Coinbase, $0.20 higher than it was on Binance moments later. In the same post, the analyst noted that STX’s situation was also similar to MINA. 
Happeni…
The post <a href="https://coinedition.com/stacks-stx-and-mina-mina-market-depth-show-interesting-signs/">Stacks (STX) and Mina (MINA) Market Depth Show Interesting Signs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Stacks (STX) and Mina (MINA) Market Depth Show Interesting Signs

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