$MINA/#BTC [#Mina]: SuperTrend BBand_Breakout◳◱ We've detected both a Bollinger Band breakout and a Super Trend pattern on the $MINA / $BTC chart. Both indicators are signaling a bullish trend, with the Bollinger Band indicating a potential bullish trend as the price has moved outside of the upper band and the Super Trend showing a bullish trend. This is a stronger bullish signal as both indicators are aligned. It may be a good idea to consider buying at the current price zone and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.00004208 | 0.00004734 | 0.00005566 and the major support zones are at 0.00003376 | 0.0000307 | 0.00002238. However, it is still important to consider other factors such as overall market conditions, and other technical indicators before making a trade decision.
◰◲ General info :
▣ Name: Mina
▣ Rank: 74
▣ Exhanges: Binance, Gateio, Kraken
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Mina is a "lightweight" smart contract platform with aspirations to be a global payment system. It aims to address the scalability issues present in existing blockchains where the cost to verify the blockchain grows proportionally with total transaction throughput. In these cases, the cost of running a network node eventually exceeds the resources available to most real-world users.
The goal of Mina is to design a decentralized payment system that offers efficient verification of system history from genesis without relying on any external advice. This is achieved by the following properties:
A formal notion of a “succinct blockchain”
Generic functionalities modeled as replicated state machines using incrementally computable SNARKs
Concrete implementation of a payments system called Mina
Ouroboros Samasika, a provably-secure PoS consensus protocol that is adaptively secure and offers bootstrapping from genesis.
Parallel scan state to improve transaction confirmation time beyond the limits otherwise imposed by the proof construction.
Performance evaluation report of executing the protocol involving a public community.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00003072 ₿
▣ 24HVol: 19.904 ₿
▣ 24H Chng: 5.278%
▣ 7-Days Chng: -23.51%
▣ 1-Month Chng: -29.41%
▣ 3-Months Chng: 14.00%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00004208 | 0.00004734 | 0.00005566
◢ Support: 0.00003376 | 0.0000307 | 0.00002238
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.47
▣ Last 90D: 1.00
▣ Last 1-Y: -0.30
▣ Last 3-Y: -0.34
◲◰ Volatility :
▣ Last 30D: 1.70
▣ Last 90D: 1.30
▣ Last 1-Y: 1.14
▣ Last 3-Y: 1.46
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.50 - Bullish
▣ Reddit sentiment score is 0.69 - Bullish
▣ In-depth MINABTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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