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.
MINUUSDT trade ideas
MINU crypto has experienced a surge
The MINU Crypto showed furious bears on the daily chart, the bull was suppressed by bears over the daily chart for a long time, This led the MINU price to form lower lows and high patterns under the influence of a downward trendline.
However, the MINU crypto has revealed multiple signs of recovery as the price formed support at $0.0000001045. This was the key level where bears started losing their grip, and bulls showed resurgence capabilities on the daily chart. The MINU looks more optimistic than before as the price has broken out of the declining trendline and has been riding an upward trendline and took multiple backing from the trendline.
This could be the outbreak point where the bulls may send it flying on its fourth attempt from the daily chart. Therefore, if the bulls pour enough strength, the MINU crypto could show a colossal surge, crack the resistance level, and rocket to new peaks from the current support zone.
Coming to the indicators point of view, the MINU asset has exhibited bullish strength and rising capacity as it holds above 20-day EMA's.
Similarly, the MINU asset has displayed bullish behavior, as the MACD histogram gap has started to widen, which stands at 0.0000000150, and the RSI has not been near the 70 level yet, meaning that the MINU asset has not been facing much of a resistance and can extend its gains.
At press time, the MINU crypto has experienced a surge of 52.43% in the last 24 hours, trading at $0.0000003510.
Therefore, if the demand for the MINU remains high, the asset price could bounce back strongly from the current level. Then next target for the price could be to reach $0.0000007200 and $0.0000010150.
However, if the MINU crypto price fails to stay above the $0.0000001045 level, it could decline further and could seek rock bottom as well.
