• MINA is stabilizing above a broken descending channel, signaling the end of bearish pressure and the start of accumulation.
• Despite a nearly 10% weekly drop, the token remains resilient, trading at $0.1869 with steady market activity.
• Technical setups suggest a potential rally toward $0.55, supported by improving sentiment from Bitcoin’s recovery.

Mina (MINA) is displaying signs of stability and building momentum for a potential breakout, even as the broader crypto market navigates through recent volatility. Bitcoin’s attempt to rebound after a steep pullback is improving sentiment, and the token is emerging as one of the altcoins to watch in the recovery phase.

At the time of writing, the token is trading at $0.1869, with a 24-hour trading volume of $11.26 million and a market capitalization of $233.33 million.

In the last week, the token declined by almost 10% to mirror market weakness overall. Although this decline occurred, the token maintained its stand and indicated resistance to selling pressure.

MINA Poised for Major Breakout Toward $0.55

The token is currently consolidating above a broken-down-channel, a structure which frequently presents an end to bearish momentum and a beginning to accumulation.

This phase suggests that bulls are steadily gaining control, with pressure mounting beneath the surface. The technical setup strengthens the case for a significant upside move in the near term.

Based on current trends, MINA will aim to target higher levels, with a possibility of a rally to $0.55 if momentum continues to gather steam. The kind of price action will be a substantial upside from current market levels and might place the token among best performers on the next market recovery rally.

Broader Market Outlook

This recent correction within the crypto market has hit altcoins hard, but Bitcoin’s move to stabilize is enhancing overall market sentiment.

If BTC recovers further, money inflows to prospective projects such as Mina token may gather pace. As a result of lightweight blockchain architecture and emphasis on zero-knowledge proof tech, MINA is well placed to capitalize on restored confidence among investors.

Traders are following its consolidation closely at present. If maintained, the groundwork today could turn into a strong rally during the weeks to come.

Also Read: AMINA Bank Leads the Way: First Regulated Bank to Offer SUI Services