here could be two outcomes as per the price action P-o-V.
The MINU crypto has been on a continuous fall from the last week; the price wiped out almost 54% of its gains from the previous swing high.
On further analyzing the daily chart, it has been witnessed that the highest price reached by MINU in the past three months was the peak it attained on June 9th at a price point of $0.0000009750. Meanwhile, the lowest price in three months was on April 30th, at $0.0000001045.
In the recent bullish flight, the price ascended from $0.0000001045 to $0.0000009750, which showed gains of 820%, and from that peak point onwards, the price has lost half of its gains, where price has been traded at $0.0000004050 with an intraday gain of 0.61% as on June 20th trying hard to sustain near at a crucial support level of $0.0000003900.
The last few days highlight that the price has been busy consolidation and looks more or less like an equilibrium the bears and bulls achieved in the MINU chart. The same point is proved directly by the RSI, as it remains momentumless and deprived of strength in price flashed at 50.00, which looks precisely like sitting at the median line. However, MACD highlights a bearish cross, and 50-day EMA barely supports the MINU price.
Therefore, there could be two outcomes as per the price action P-o-V. First, if the price breakdowns are swift, as bulls already lost half to the bears, the bears could eye for the support at $0.0000002190, and beyond this, they could also reach the final defense line at $0.0000001045.
But on the contrary, some of the analysts on X shared bullish tweets, and if it goes as per the analyst's optimism, the bulls could launch an attack for the higher levels and could attain the lost price territories back, such as $0.0000007200, and $0.0000010150, as well.
On further analyzing the daily chart, it has been witnessed that the highest price reached by MINU in the past three months was the peak it attained on June 9th at a price point of $0.0000009750. Meanwhile, the lowest price in three months was on April 30th, at $0.0000001045.
In the recent bullish flight, the price ascended from $0.0000001045 to $0.0000009750, which showed gains of 820%, and from that peak point onwards, the price has lost half of its gains, where price has been traded at $0.0000004050 with an intraday gain of 0.61% as on June 20th trying hard to sustain near at a crucial support level of $0.0000003900.
The last few days highlight that the price has been busy consolidation and looks more or less like an equilibrium the bears and bulls achieved in the MINU chart. The same point is proved directly by the RSI, as it remains momentumless and deprived of strength in price flashed at 50.00, which looks precisely like sitting at the median line. However, MACD highlights a bearish cross, and 50-day EMA barely supports the MINU price.
Therefore, there could be two outcomes as per the price action P-o-V. First, if the price breakdowns are swift, as bulls already lost half to the bears, the bears could eye for the support at $0.0000002190, and beyond this, they could also reach the final defense line at $0.0000001045.
But on the contrary, some of the analysts on X shared bullish tweets, and if it goes as per the analyst's optimism, the bulls could launch an attack for the higher levels and could attain the lost price territories back, such as $0.0000007200, and $0.0000010150, as well.
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