bullish

World

MINA

Mina

Gains

<p>The Mina Protocol (MINA) price recently broke out of a prolonged downtrend, which signals a potential upward rally.&nbsp; MINA’s price has seen an 8.03% pump over the past day, while its trading volume saw a massive 688.97% increase.&nbsp;<br><br>Per CoinMarketCap’s data, MINA is trading at $0.59. This digital asset known for its lightweight blockchain has shown bullish momentum that aligns with key technical patterns, suggesting double-digit gains in the future.&nbsp;</p>
<p>However, several analysts, including Crypto Shango and World of Charts, have shared their insights on the ongoing price movement of MINA.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/heres-why-ethenas-ena-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow"> Here’s Why Ethena’s ENA Price Is Pumping</a></em></strong></p>
<h2 class="wp-block-heading" id="mina-chart-analysis-channel-breakout-signals-bullish-momentum">MINA Chart Analysis: Channel Breakout Signals Bullish Momentum</h2>
<p>According to an analysis shared by World of Charts, Mina Protocol is currently running at a 49% profit as it moves towards a projected price target.<br><br>The MINA chart reveals that it broke out of a descending channel pattern that previously restrained the coin’s growth. This breakout, often viewed as a positive reversal signal, suggests that the asset could continue its upward trajectory.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Mina&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$Mina</a><a href="https://twitter.com/hashtag/Mina?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Mina</a> Moving Towards Targets As Expected Running In 49% Profit So Far <a href="https://t.co/UZ2ioB3OL7" target="_blank" rel="noopener noreferrer nofollow">https://t.co/UZ2ioB3OL7</a> <a href="https://t.co/0wKkejbOmz" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0wKkejbOmz</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1840466656247898587?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 29, 2024</a>
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<p>With a projected price target near $1.11, the bullish momentum behind this breakout seems to be supported by increased trading volume. This shows growing interest among traders as <a href="https://coinmarketcap.com/currencies/mina/" target="_blank" rel="noopener noreferrer nofollow">MINA’s price </a>moves towards its potential peak. Volume spikes often indicate confidence from buyers, and in this case, they are supporting the bullish scenario.</p>
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<h2 class="wp-block-heading" id="retracement-setup-offers-a-buying-opportunity">Retracement Setup Offers a Buying Opportunity</h2>
<p>On a shorter time frame, another analysis from Crypto Shango on X, formerly Twitter, highlights a retracement setup following a sharp rally.</p>
<p>After reaching a recent high, MINA has pulled back slightly into a support zone, a move often seen before a continued upward rally. This retracement offers traders a potential buying opportunity as the price tests key support levels.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="551" src="https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-1024x551.jpeg" alt="" class="wp-image-562206" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-1024x551.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-300x161.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-767x413.jpeg 767w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-1536x827.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-2048x1102.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-279x150.jpeg 279w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-100x54.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-650x350.jpeg 650w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1-788x424.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/MINA-1.jpeg 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/shango83/status/1840682393843220652" target="_blank" rel="noopener noreferrer nofollow">X/CryptoShango</a></em></strong>
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<p>Crypto Shango describes the setup as promising, indicating that if buyers step in at these levels, the coin could resume its bullish movement and test previous highs.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/key-bittensor-tao-metric-suggests-major-move-has-just-begun-analyst-points-to-next-price-target/" target="_blank" rel="noopener noreferrer nofollow"> Key Bittensor (TAO) Metric Suggests Major Move Has Just Begun: Analyst Points to Next Price Target</a></em></strong></p>
<h2 class="wp-block-heading" id="what-s-next-for-mina">What’s Next for MINA?</h2>
<p>As the Mina Protocol price continues its upward trend, investors are closely monitoring key technical levels. Should the price break above the highlighted resistance, the asset could see even more significant gains. However, market participants will also be monitoring for any signs of exhaustion or potential retracements that may arise.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/why-is-mina-protocol-mina-price-breaking-out-bullish-setup-points-to-double-digit-gains/" rel="noopener noreferrer nofollow">Why Is Mina Protocol (MINA) Price Breaking Out? Bullish Setup Points to Double-Digit Gains</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Mina Protocol (MINA) Price Breaking Out? Bullish Setup Points to Double-Digit Gains

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